Black & Decker Selects PTC Windchill For Strategic PLM Initiatives

NEEDHAM, Mass.—(BUSINESS WIRE)—October 6, 2008— PTC® (Nasdaq: PMTC), The Product Development Company®, today announced that Black & Decker, a leading global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems, has selected Windchill for strategic product lifecycle management (PLM) initiatives in its Industrial Products Group. The implementation includes Windchill PDMLink®, Windchill ProjectLink, Windchill PartsLink®, and Windchill Enterprise Systems Integration (ESI) to SAP®. Black & Decker will also take advantage of PTC services and educational offerings.

To sustain its leadership position as the worlds largest producer of power tools and accessories, Black & Decker required a PLM solution that would enable it to accelerate time-to-market without compromising quality and innovation. Equally important was the companys desire to maximize its technology investment by embracing a solution that would support the complex collaboration and data management requirements of its heterogeneous CAD environment and global product development initiatives. Looking to improve the capabilities of the companys existing product data management (PDM) solution to successfully address these challenges, Black & Decker began searching for a replacement PLM system.

Windchill, the PTC content and process management solution, helps companies control product development data and enable internal and external product development collaboration. The breadth and depth of Windchill provides discrete manufacturers like Black & Decker a solution that advances their strategic initiatives in product quality, time-to-market, and innovation. Additionally, the integral Windchill architecture offers a high-quality and low-risk technology solution, providing a low total cost of ownership.

As a global company with many design centers and manufacturing locations around the world, we have complex collaboration and data management requirements, said John Howson, vice president global engineering, Black & Decker. Windchill now gives us the capability to easily integrate across our regions and functional groups.

We are very pleased that Black & Decker selected Windchill as its enterprise PLM solution, and look forward to supporting their needs for years to come, said C. Richard Harrison, president and CEO, PTC. As todays leading manufacturers execute growth strategies through innovation, acquisition and globalization, their processes become exponentially more complex. Customers like Black & Decker are turning to PTC to help optimize product development processes due to the power of our solutions and our expertise in solving these complex challenges.

About Black & Decker

Black & Decker is a global manufacturer and marketer of quality power tools and accessories, hardware and home improvement products, and technology-based fastening systems. Its products and services are marketed in more than 100 countries, and it has manufacturing operations in eleven countries. Throughout its businesses, B&D has established a reputation for product innovation, quality, end-user focus, design, and value. The companys strong brand names and new product development capabilities enjoy worldwide recognition, and its global distribution is unsurpassed in its industries.

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

Statements in this news release that are not historical facts, including statements about our confidence and strategies and our expectations about revenue, results of operations, and market acceptance of our products, are 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 development and integration of the technology necessary to offer integrated PLM solutions that address business-critical product lifecycle management functions and that adequately respond to the evolving requirements of product designers ; our ability to coordinate and manage joint activities with third parties (including technology integration, development, implementation and support) in order to deliver products and services that meet our customers integration requirements; and the success of PTCs customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, 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, Pro/ENGINEER, Wildfire, Windchill, Windchill PDMLink, Windchill ProjectLink, Windchill PartsLink 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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