Mindray Delivers Award Winning Medical Devices Designed with Pro/ENGINEER and Pro/INTRALINK

NEEDHAM, Mass.—(BUSINESS WIRE)—March 17, 2009— PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Mindray Medical International Co. Ltd, one of the leading manufacturers of medical devices in China, has grown its business with the implementation of PTC Pro/ENGINEER and Pro/INTRALINK. Mindray’s award-winning patient monitoring products and its digital ultrasound imaging systems, blood cell analyzers and biochemical analyzers continue to lead the medical devices market. Mindray’s products were developed using Pro/ENGINEER, PTC’s integrated CAD/CAM/CAE software that helps companies develop detailed, intuitive and realistic digital product representations and Pro/INTRALINK, PTC’s software for Pro/ENGINEER workgroup data management.

Mindray continues to develop innovative products with the implementation of Pro/ENGINEER and Pro/INTRALINK, including decreasing time-to-market and costs while improving quality and overall efficiencies. In addition, customer satisfaction has also been improved by leveraging ProductView, PTC’s 3D visualization tool to provide better insight into what products will look like and how they will behave when produced.

With Pro/INTRALINK, Mindray has a tool that can help eliminate inconsistency between parts, enabling simultaneous engineering among divisions and improving overall product design. With Pro/INTRALINK’s version control, Mindray can enable its design teams to share the right version of Pro/ENGINEER data as compared with its previous 2D design process. Furthermore, with the standardization of its structural design process, Mindray has improved its version control and ability to manage changes.

“Pro/ENGINEER empowers us to create a complete 3D design containing all required parts and components. Now we are capable of analyzing and evaluating an entire model easily,” said Mr. Mu Le Min, VP of Operation of Mindray. “The number of drawings has decreased and evaluation accuracy has improved, achieving the goal of reducing the development cycle time and cost. Moreover, machining and assembly have been refined without rework through easy access to CAD/CAM data. This has virtually eliminated the necessity of redrawing. Ultimately, the changes we made in 3D design have benefited the company from both environmental regulation and cost perspectives.”

“Life sciences customers are facing more pressures in their businesses to speed time-to-market while meeting increasingly stringent regulatory demands,” said David Rubin, director of vertical market strategy, life sciences industry, PTC. “The accolades that Mindray has received on their innovative designs and craftsmanship are a testament to the company’s pioneering status in the realm of medical industrial design.”

Today, eight of the world's top 10 medical products suppliers, 10 of the world's top 15 pharmaceuticals companies and three of the top five OEMs rely on PTC for their product solutions. Using PTC’s superior Product Development System, life science companies are able to develop better quality, lower-cost products faster, and streamline their introduction into the marketplace.

About Mindray

Mindray Medical International Limited is a leading developer, manufacturer and marketer of medical devices in China with a significant and growing presence outside of China. Established in 1991, Mindray offers a broad range of products across three primary business segments: patient monitoring devices, diagnostic laboratory instruments, and ultrasound imaging systems. Mindray is headquartered in Shenzhen, China, and has 29 local sales and services offices in China, as well as sales and services offices in Boston, Istanbul, London and Vancouver. With China’s entry into the WTO and the success of economic reforms, Mindray endeavors to utilize every opportunity to develop international as well as vertical market. Being listed on NYSE recently, Mindray aims to become a well-known global medical devices company in a few years.

For more information, please visit http://www.mindray.com

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s CAD, and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet both customer needs and comply with industry regulations. 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 include: the successful development and integration of the technology necessary to support an integrated Product Development System that adequately responds to the evolving customer design, data management and regulatory testing requirements of customers within the life sciences industries; continued growth in the adoption of PLM solutions; and PTC’s ability to extend the functionality of our solutions beyond that traditionally served by PTC (including regulatory compliance); as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q.

PTC and its logo, The Product Development Company, Pro/ENGINEER, Wildfire, Pro/INTRALINK 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.


Kristian Talvitie, 781-370-6151
Corporate Communications
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Amanda Keane, 617-520-7260
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