Enser Corporation Named To PTC? Partner Program

NEEDHAM, Mass. – July 24, 2003 – PTC (Nasdaq: PMTC), the product development company, today announced that it has signed a value-added reseller agreement with Enser Corporation, a 57-year old engineering services company, to provide customers MCAD solutions, as well as maintenance, training and implementation services.

"We are pleased to add Enser Corporation to our value-added reseller program," said Robert Kocis, senior vice president, PTC worldwide channel sales and operations. "With Enser as part of our channel sales team, PTC will improve delivery of the business solutions required by our customers."

"The PTC VAR Program enables us to offer our customers the total Pro/ENGINEER suite of solutions," said Marco Arnone, Executive Vice President and General Manager, Enser Corporation. "We are continuing to build upon the years of experience we have with PTC products to make sure our customers continue to be successful as we expand our business."

"We are committed to making sure our clients' investment in Pro/ENGINEER delivers value today and into the future," Arnone continued. "Enser provides practical knowledge, as well as advanced applications gained from 12 years of providing Pro/ENGINEER services. With over 40 Pro/ENGINEER seats, Enser provides total solutions that go above and beyond software sales and implementation."

About Enser
Enser Corporation is one of the premier providers of engineering software and services offering unparalleled expertise and commitment. Enser provides support throughout the engineering, design and build cycle. Further information on Enser is available at http://www.enser.com.

About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers win with superior products. PTC is the world's largest software company with a total commitment to product development. The company services more than 33,000 customers worldwide. Further information on PTC is available at 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 ability of PTC and Enser to effectively coordinate and manage joint activities (including sales, marketing, implementation and support) in order to deliver products and services that meet evolving customer requirements; the success of our initiatives to facilitate our customer's understanding of the benefits of our PLM solutions, including return on investment and value creation; the success of our partnering, distribution and customer satisfaction initiatives; the success of our cost reduction initiatives; and the effects of a weakening economy which may impact the overall demand for software and related services; 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, Product First, The Product Development Company, Pro/ENGINEER, and Wildfire are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.

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