Lumberg Group Optimizes Concurrent Engineering with PTC CoCreate

NEEDHAM, Mass.—(BUSINESS WIRE)—September 22, 2008— PTC (Nasdaq: PMTC), The Product Development Company®, today announced that German-based Lumberg Group, has optimized its product development process with CoCreate, PTCs explicit modeling and data management software that provides companies with a lightweight and flexible approach to designing products. Lumberg uses CoCreate Modeling and CoCreate Model Manager for parallel development of its customized products and manufacturing technology. Lumberg is supported by PTC partner ASCAD for all CAD/PDM engineering services.

Lumberg Group operates numerous development and manufacturing locations in Europe, America and Asia, as well as a worldwide sales network for its individual and flexible customer solutions. Connector systems and components comprise the core of its wide array of products for the automotive, photovoltaic, telecommunication and appliance industries.

To meet the extremely short development cycles typical in these industries today, Lumberg required a development solution that supported parallel design of its products and manufacturing technology. As soon as the first new product concept is realized in 3D, development of the production technology begins. Using CoCreate provides the design team with flexibility to respond to unforeseen changes up until the last minute of the design process.

The flexible explicit modeling approach in PTC CoCreate Modeling and the product data management capabilities of CoCreate Model Manager allow us to exploit the benefits of concurrent engineering, said Stefan Joergens, head of R&D at Lumberg. The PTC CoCreate product family is critical to our success because we have to meet very short development cycles for our customized projects. With our modification-intense and time-critical unique projects, this software offers design flexibility that cant be beat.

We are pleased that the Lumberg Group uses the advantages of the explicit modeling approach and data management in PTC CoCreate to optimize its time-critical processes for concurrent engineering, said Martin Nuemueller, director, product management, PTC. The Lumberg Group's success further supports the importance of explicit modeling for customized, fast-paced product development.

About Lumberg Group

Lumberg Group is headquartered in Schalksmühle, Germany. The family-owned company employs ca. 1000. The Lumberg core areas of expertise are development, manufacture and sales of electromechanical and electronic components. Connector systems and components comprise the principal part of its wide array of products. Lumberg develops and manufactures at a number of locations in Europe, USA and Asia. For information on Lumberg, please visit http://www.lumberger.de.

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 http://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: PTC's successful continued development of the technologies necessary to offer explicit modeling solutions as part of its evolving product lifecycle management (PLM) solutions suite; the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including development, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver multiple classes of PLM products and services that meet customer requirements, the success of PTCs customer satisfaction initiatives and our ability to retain and maintain relationships with key employees, distributors, customers and other strategic partners of CoCreate; and our ability to effectively utilize our resources to support multiple PLM product suites while maintaining recurring operations at satisfactory levels to achieve our operating margin goals, 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 and its logo, The Product Development Company, CoCreate, CoCreate Model Manager, CoCreate Modeling 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.



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