PTC Signs Memorandum of Understanding on Education Cooperation with Chinese Ministry of Education

NEEDHAM, Mass.—(BUSINESS WIRE)—May 12, 2008— PTC (Nasdaq: PMTC), The Product Development Company®, today announced that it has signed a Memorandum of Understanding (MOU) on education cooperation with Chinas Ministry of Education (MOE). As part of the memorandum, PTCs software technologies will be incorporated in many education and research programs within Chinas leading universities, as well as its primary, middle schools, high schools and vocational schools. PTC is committed to furthering its support of engineering education in China by helping Chinese students of all ages increase their technological literacy, mastering technological skills to become qualified, talented engineers.

In a meeting to discuss the partnership of PTC with MOE, Wu Qidi, vice minister of the Education Ministry and John Stuart, PTC senior vice president of global partners and education, analyzed how to cultivate engineering talents across all education levels in China. During the meeting, they assessed how to improve engineering education and design skills for college students soon to enter the workforce as well as how to encourage science education in younger students. Also in attendance from MOE were Mr. Cao Guoxing, director-general, Department of International Cooperation and Exchange; Ms. Liu Ju, deputy director-general, Department of Higher Education; Mr. Wang Jiping, deputy director-general, Department of Vocational & Adult Education; and Mr. Li Tianshun, deputy director-general, Department of Basic Education.

According to the MOU, PTC will provide Pro/ENGINEER®, Windchill®, Arbortext® and Mathcad® software and related training to numerous Chinese universities and colleges. PTC will further strengthen its partnership with several higher education institutes and establish PTC Academies, whose focus will be on design skill training. Additionally, PTC will continue to focus on early technology education, providing free Pro/ENGINEER design software and training to primary, middle schools and high schools throughout China.

As Chinas global economy continues to grow, the countrys manufacturing industry has also shown unprecedented development towards a transition from 'Made in China' to 'Innovated in China.' In order to support this growth, engineers with advanced design skills are needed, said John Stuart, senior vice president, global partners and education, PTC. We are very pleased to partner with Chinas Ministry of Education, to share PTCs product development software and teaching programs and help students whether at the college, vocational school or secondary school level receive the best product development education and practical design skills. In turn, were nurturing more innovative talent for the entire industry, worldwide.

Mr. Stuart also thanked MOE for awarding PTC the Certificate of Honor for PTCs contribution to the betterment of education in China.

As part of the MOU between PTC and MOE, PTC and Tsinghua University held a ceremony to commemorate the establishment of the PTC Academy at Tsinghua University, which extended their long-term partnership for years to come. PTC announced that it will donate Pro/ENGINEER to Tsinghua University and its CAD Teaching Centre to facilitate advanced design research and training in engineering education. The University will incorporate the advanced design concepts and methods of PTC software into its courses and use Pro/ENGINEER as its main software in its engineering education program.

Tsinghua University and PTC have worked together for more than ten years helping to prepare future generations of talented engineers in China, said Yuan Si, vice president of Tsinghua University. We hope to continue our strong collaboration by offering our students more advanced manufacturing design skills, enabling them to become talented, world-class engineers.

Since 1995, PTC has supported more than 150 Chinese universities and vocational schools. Universities such as Tsinghua University, Beijing Institute of Technology, Nanjing University of Science & Technology, Harbin Engineering University, Huazhong University of Science & Technology, Shanghai Jiaotong University and South China University of Technology all utilize PTC software for teaching and research activities. Since signing the MOU with MOE, PTC has already donated Pro/ENGINEER to more than 100 schools in Beijing, Tianjing, Hebei, Shandong province and Hong Kong. All of these efforts have contributed to the development of Chinese students technological literacy and design skills, and the growth of industry talents in China.

About The Ministry of Education of the Peoples Republic of China

The Ministry of Education of the Peoples Republic of China is a central government agency under the State Council, responsible for Chinas educational undertakings and language work.

About Tsinghua University

Tsinghua University was established in 1911 originally as Tsinghua Xuetang. After the founding of the People's Republic of China, the University was molded into a polytechnic institute focusing on engineering in the nationwide restructuring of universities and colleges undertaken in 1952. Since China opened up to the world in 1978, Tsinghua has flourished with the re-establishment of the departments in sciences, economics and management, and the humanities. Currently, the university consists of 44 departments with 61 majors distributed in 13 schools, including the schools of sciences, architecture, civil engineering, mechanical engineering, information science and technology, humanities and social sciences, economics and management, law, arts and design, public policy and management, and applied technology. Tsinghua is developing into a comprehensive university at a breathtaking pace.

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