Hande Axle Improves Product Development Capabilities with Pro/ENGINEER

NEEDHAM, Mass.—(BUSINESS WIRE)—March 17, 2008— PTC (Nasdaq: PMTC), the Product Development Company(R), today announced that Shaanxi Hande Axle Co., Ltd., Chinese leading heavy-duty axle manufacturer, successfully launched PTC's Pro/ENGINEER in late October 2007 after 3 months of intensive research. As PTC's integrated 3D CAD/CAM/CAE solution, Pro/ENGINEER helps enterprises to create digital product representations in a detailed, intuitive and vivid way.

Over the recent years, Hande Axle has positioned itself as a technical leader in the automotive industry, researching and developing new products that are widely used in heavy off-road vehicles and commercial trucks. Changes in the industry such as increased manufacturing scales and growing development capacities, combined with trends such as the global exchange of technical knowledge, led Hande Axle to seek more advanced and powerful design software, such as PTC's Pro/ENGINEER.

After a successful implementation of Pro/ENGINEER, resulting in the upgrade of their design environment from 2D to 3D, the overall product development processes and capabilities of Hande Axle have been greatly improved. Most significant, Hande Axle established a standard process for data transaction between their R&D and manufacturing process management departments by using Pro/ENGINEER. Design time and errors have been reduced by more than 40 percent and 60 percent respectively, and enterprise standardization of design practices is planned to be increased by 30 percent by using Pro/ENGINEER. Pro/ENGINEER significantly improved the company's ability to meet the evolving demands of its customers.

"Pro/ENGINEER for product development design has greatly improved our overall product development capabilities. Through additional cooperation with PTC, we look forward to further improving our overall product development system and increasing our core competitive advantage," said Mr.Wang Lin, assistant general manager of Hande Axle.

"PTC's unique and comprehensive solutions allow customers like Hande Axle to implement product development faster and more efficiently, to meet their unique industry demands," said Joshua Fredberg, VP product and market strategy, PTC. "We're happy to see Hande Axle's successful implementation of Pro/ENGINEER and look forward to working closely with them on a long-term basis to continue to provide more comprehensive enterprise-class product development solutions."

About Shaanxi Hande Axle Co., Ltd.

Shaanxi Hande Axle Co., Ltd., formerly known as Shaanxi Auto Group Axle Plant, is a high-tech enterprise co-funded by Weichai Power and Shaanxi Auto Group. The company has two sub-plants respectively in Xi'an and Baoji. As one of the most important domestic production bases for heavy duty axles, Hande Axle's major axle assembly series has been equipped on off-road vehicles and heavy commercial trucks. The company was named for three consecutive years as the "China Top 500 National Machinery" and the "Top 100 Excellent National Auto Parts Enterprises." In September 2007, Han Tak Axle was crowned as "China Famous Brand." For more information about Hande Axle, please visit: www.hdcq.com

About PTC Solutions for Automotive Industry

PTC solutions for automotive are designed to meet the product design and product life cycle management needs of both OEMs and suppliers in the automotive industry. PTC provides enterprise solutions such as 3D design, product data management and collaboration solutions to over 1,400 automotive manufacturers including 8 of the top ten powertrain suppliers and 3 of the top five OEMs.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 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 risks and uncertainties include: the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet customer requirements, the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; and our ability to effectively utilize our resources to undertake one or more strategic corporate development initiatives while maintaining recurring operations at satisfactory levels, together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q. The announcement of any particular selection 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, the PTC logo, The Product Development Company, Pro/ENGINEER, Windchill, Arbortext, Mathcad and all PTC product names are trademarks or registered trademarks of Parametric Technology Corporation in the United States and in other countries.


Nicole Rowe, 781-370-6369
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