PTC Reaches Legal Settlement With RAND

NEEDHAM, Mass.—(BUSINESS WIRE)—December 14, 2006— PTC (Nasdaq: PMTC), today announced that it has reached agreement with RAND A Technology Corporation and Rand Technologies Limited to settle all pending litigation between the parties. The parties agreed to settle their disputes to avoid further litigation costs. Neither party admitted liability with respect to any claims made.

PTC previously announced that if a settlement were reached before the filing of its 2006 Annual Report on Form 10-K, it would be treated as a subsequent event that would impact earnings results for the fiscal year ended September 30, 2006. As a result of the agreement to settle and consistent with its earlier guidance, PTC has recorded an operating expense charge during the fourth quarter of 2006 that lowers fourth quarter and fiscal year earnings results announced on November 1, 2006 by $0.02 per diluted share. There was no impact on revenue.

Today, PTC filed its Annual Report on Form 10-K, which includes 2006 financial results reflecting this charge. PTC has also updated the operating metrics it provides on its investor web site, which can be found at www.ptc.com/for/investors.htm under "Financial Reports."

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P 500 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com.

Contact:

Investor Contact:
PTC Corporate Communications
Meredith Mendola
781-370-6151
Email Contact
or
Media Contact:
Nicole Rowe
781-370-6369
Email Contact




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