PTC Launches Its "Redefining Innovation" Design Contest

NEEDHAM, Mass.—(BUSINESS WIRE)—November 6, 2007— PTC (Nasdaq: PMTC), the Product Development Company(R), today launched its "Redefining Innovation" design contest and has partnered with Manufacturing Business Technology to showcase the contest's winning designs. The contest will highlight ground breaking product designs that push the boundaries of innovation.

Users of PTC(R) Pro/ENGINEER(R) Wildfire(R) 2.0 and above have until January 15, 2008 to submit their ideas for the next breakthrough product. In its inaugural year, the contest highlights the entrants' abilities to break new ground and offer something that could make this world a better place to live, work and play. PTC has teamed up with Manufacturing Business Technology to provide the winner with an editorial opportunity to share their design vision and goals with a global audience. To submit an entry or find out more information about "Redefining Innovation", PTC's breakthrough design contest, visit www.ptc.com/go/redefininginnovation.

Contest entrants can select any category that best fits the design objective, including sustainable technologies, consumer products, socially responsible designs, medical, industrial equipment and electronics and high tech components. An expert panel of industry analysts, media professionals and a member from the PTC/USER board will judge the entrants based on its uniqueness of concept, approach to unmet customer needs, marketability of product, and ability to manufacture.

Qualified entries should include a text description describing the design goals and also include a 30-word abstract of the idea and a 30-word description of the problem solved. Additionally, the entry should have one or more visual illustrations of the idea.

"Product engineers and designers drive innovation and ultimately create the products that help shape the way we live our lives," said Rob Gremley, divisional vice president, Corporate Marketing, PTC. "The 'Redefining Innovation' contest has been created to recognize the relentless pursuit of excellence demonstrated by Pro/ENGINEER customers."

"Breakthrough innovations are critical to a healthy, growing global economy," said Sidney Hill, executive editor, Manufacturing Business Technology. "We are pleased to be working with PTC on this inaugural contest and look forward to seeing the results of this talented group of designers."

"This contest is a great opportunity for our 18,000 member PTC/USER community," said Dan Glenn, president and PTC/USER board member. "We expect entries from around the globe and look forward to helping these designers share their creative ideas with fellow PTC/USER members."

About Manufacturing Business Technology

Manufacturing Business Technology is the most comprehensive IT information source in the manufacturing industry. For more information about Manufacturing Business Technology, please visit http://www.mbtmag.com.

About PTC/USER

PTC/USER is the independent voice for users of software produced by PTC. Today, PTC/USER serves approximately 18,000 members on six continents. Technical Committees in North America, Europe and Japan coordinate development efforts across the entire PTC product line, including both MCAD and collaborative software solutions. Over 70 regional user groups operate around the globe and major conferences are now held annually in each of PTC/USER's three global regions. For more information on PTC/USER, please visit www.ptcuser.org

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 organizations 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

PTC and its logo, The Product Development Company, Pro/ENGINEER and Wildfire are registered trademarks of Parametric Technology Corporation in the United States and in other countries.

Contact:

PTC
Nicole Rowe, 781-370-6369
Corporate Communications
Email Contact
or
For PTC
WeberShandwick
Amanda Keane, 617-520-7260
Email Contact




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