Chartered Leverages PTC Windchill to Address Customer Time-to-Market Requirements

NEEDHAM, Mass.—(BUSINESS WIRE)—March 12, 2007— PTC (Nasdaq: PMTC), the Product Development Company(R) today announced that Chartered Semiconductor Manufacturing Ltd (Nasdaq: CHRT and SGX-ST: Chartered), one of the world's top dedicated semiconductor foundries, has expanded its relationship with PTC by upgrading its Windchill software. Chartered upgraded to a new version of Windchill as part of its continuing efforts to offer customers innovative solutions that address their time-to-market needs.

In 2001, Chartered began to explore ways to further reduce turnaround time for its tape-out operations. Tape-out refers to the final stage of integrated circuit (IC) design when the IC description is sent for manufacturing. To meet customers' cycle-time needs, Chartered previously employed Windchill 5.0, which fully automated its tape-out process, from control of rule files and batch runs to review and approval of designs. In its latest decision, Chartered upgraded its Windchill system in order to enhance stability and performance over the older version, making it even more flexible for various business needs.

Windchill is a powerful, Internet-based content and process management system that specializes in the management of complex product data, relationships and processes. It provides a unique workflow engine that allows Chartered to facilitate rapid development of new product configurations 24x7 and automate and reduce errors when sharing product data with downstream manufacturing systems.

"Chartered continually evaluates our products and solutions to ensure we best address our customers' needs," said Dan Kochpatcharin, director of e-business at Chartered. "PTC Windchill offers a proven solution for Chartered to further enhance our tape-out process because it is designed to eliminate bottlenecks by monitoring running processes and managing activities. Our recent Windchill upgrade provides improved performance and efficiency that should enable us to help our customers improve time-to-market."

"High tech companies need to shorten production time, deliver more complex products, while managing both design and manufacturing through a heavily outsourced value chain," said Richard Kulkarni, PTC South Asia Vice President. "Downward pressure on cycle time, new requirements for environmental regulatory compliance, technological complexity, and increasing reliance on outsourcing are all converging to create more risk in every phase of the product development process. Windchill is optimized to address expanding customer needs, and PTC will continue to help companies manage the process of product development across the extended enterprise."

About PTC Solutions for Electronics & High Tech

PTC solutions for electronics & high tech are designed to meet the product lifecycle management requirements of electronics manufacturers. These solutions include product development process and data management, electronic verification and collaboration, environmental regulatory compliance (RoHS, WEEE, etc.) and 3D mechanical design. PTC has over 3,000 high tech customers, including the top 30 electronics manufacturers across the globe.

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 Midcap 400 and Russell 2000 indices. For more information on PTC, please visit www.ptc.com

Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include: Chartered's statement relating to the improvement of its customers' cycle time, the successful development and integration of the technology necessary to support integrated solutions that adequately responds to the evolving design, collaboration, development process automation, electronics verification, data management and regulatory requirements of customers within the high-tech and electronics industry; continued growth in the adoption of PLM solutions; PTC's ability to extend the functionality of our solutions beyond that traditionally served by PTC (including regulatory compliance); and our effective coordination and manage joint activities (including development, integration, sales, marketing, implementation and support) with strategic technology partners to deliver and support an integrated suite of solutions for the electronics & high tech industry as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. The announcement of any particular deployment or upgrade of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.

PTC and its logo, The Product Development Company, Windchill and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.

Contact:

PTC
Nicole Rowe, 781-370-6369
Corporate Communications
Email Contact
or
For PTC
Weber Shandwick
Amanda Keane, 617-520-7018
Email Contact




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