American Wave Machines Inc. Uses PTC CoCreate to Design the World’s First Standing Wave Surf Machine

NEEDHAM, Mass. — (BUSINESS WIRE) — April 14, 2009 PTC® (Nasdaq: PMTC), The Product Development Company®, announced today that American Wave Machines Inc. (AWM), an innovator in artificial wave technology, is using PTC® CoCreate® to design SurfStream®, the world’s first standing wave surf machine, a technology breakthrough for the water park industry. AWM’s patented SurfStream delivers real surfing and wave riding capabilities for hotels, resorts, water parks, and sports exhibitions. CoCreate is the explicit 3D CAD modeling software that provides companies with a lightweight and flexible approach to designing products.

In 2006, SurfStream burst onto the water park scene revolutionizing the wave machine. Since then, AWM has acquired contracts to design hydraulics wave machines using SurfStream technology for clients around the world. With this rapid growth came a demand for presenting concepts and designs to prospective clients in 3D. Many projects require some degree of design customization and as a result, clients want the ability to see how a custom-built wave machine would fit into their establishment. AWM is using CoCreate’s explicit 3D modeling tools to provide customers with the virtual 3D prototyping and visualizations they require while giving AWM the flexibility to scale custom SurfStream models to fit the unique dimensions of each hotel, resort, water park and sports exhibition.

“Almost everything we create must be built by people who use 2D prints as the reference information,” said Bruce McFarland, president of AWM. “CoCreate is used to design the system in 3D solids models from our parts and from the water park designer’s desired layout. One of the best things about CoCreate is in the reduction of design to manufacture time it affords. Constraint-free design is my absolute number one favorite feature. I can modify a design and reissue prints in a matter of hours.” In addition, the use of CoCreate 3D explicit modeling offers AWM clients 3D visual confirmation, which provides images that can be incorporated in marketing, manuals, and design reviews.

“PTC CoCreate Modeling software delivers the flexibility for ‘engineered-to-order’ products that American Wave Machines produces for its customers,” said Martin Neumueller, CoCreate product management director, PTC. “CoCreate’s explicit approach to 3D design delivers faster design cycles in the design process for companies like American Wave Machines. We look forward to continue working with them.”

About American Wave Machines Inc.

American Wave Machines, Inc. (AWM) develops artificial wave technology that replicates the experience of real ocean surfing. Its patented SurfStream, the world’s first standing wave machine, is a technology advancement that delivers real surfing and wave riding capabilities. The company also offers PerfectSwell™ traveling wave generators. AWM surf technology is available for water parks, surf parks, hotel resorts, and sponsored wave-riding exhibitions. Systems can be mobile, stand alone, or integrated into water systems. AWM also provides engineering, design, and analysis services for surf pools and wave generation technology. Using state-of-the-art tools, AWM develops 3D models for volumetric studies as well as structural and loading analysis using finite element techniques. For a full description of AWM’s products, please visit:

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

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 PTC’s customer satisfaction initiatives and our ability to retain and maintain relationships with key employees, distributors, customers and other strategic partners of CoCreate; the possibility that current economic conditions could cause our customers to reduce or forego investment in our solutions and/or could negatively impact our ability to collect receivables due from our customers, either of which would negatively impact our cash from operations and thereby reduce amounts available to invest in our business initiatives, 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 utilization 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 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. SurfStream is a trademark of American Wave Machines, Inc.

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