Kensey Nash Selects PTC Windchill® for Product Lifecycle Management

Windchill Creates Collaborative Environment between Product Development, Quality Assurance and Manufacturing for Easier Compliance with Regulatory Mandates

NEEDHAM, Mass. — (BUSINESS WIRE) — February 2, 2010 — PTC (Nasdaq: PMTC), The Product Development Company, today announced that Kensey Nash Corporation, a leading medical technology company that provides innovative solutions and technologies for a wide range of medical procedures, has selected Windchill®, PTC’s PLM software, to manage its release to manufacturing processes for improved efficiency and visibility of compliance.

“Kensey Nash has an extensive product portfolio comprised of thousands of parts,” said Dennis Sauro, director of product design, at Kensey Nash. “We selected Windchill because it offers a better approach to collaborate more effectively within our enterprise as well as with suppliers and enables us to keep our products compliant through improved release to manufacturing processes.”

In addition to Windchill, Kensey Nash uses PTC’s product development software including Pro/ENGINEER® for the digital design of its biomaterial-based products, Mathcad® to capture engineering calculations, Pro/ENGINEER Mechanica® for virtual prototyping and Pro/NC™ for physical prototyping/production machining. Using PTC software, Kensey Nash is able to develop alternate solutions for design challenges without the need to test and create physical prototypes at each iteration of the design phase. This capability enables the company to solve for a variety of engineering and manufacturing issues at the same time, ultimately minimizing costs and improving time to market of new products.

“Today, eight of the world's top ten medical device manufacturers rely on PTC for their PLM solutions,” said David Rubin, director, product and market strategy, PTC. “Using PTC’s PLM software, companies like Kensey Nash are able to develop better quality, lower-cost products faster and streamline their introduction into the marketplace. We look forward to working with Kensey Nash to drive efficiencies throughout their product development processes.”

3HTi, a Platinum reseller in PTC’s Channel Advantage Program, also worked with Kensey Nash to establish a prototype shop that focused on product design and toolpath creation for CNC machines. The prototype shop enabled Kensey Nash to reduce the time spent developing an increasingly complex part fabrication process.

About Kensey Nash

Kensey Nash Corporation is a leader in developing, manufacturing and processing resorbable biomaterial products, incorporating its proprietary collagen and synthetic polymer technologies. This expertise is used to develop and commercialize its products through strategic partners. The Company has an extensive range of products, which are sold in multiple medical markets, including the cardiology, orthopedic, sports medicine, spine, endovascular, and general surgery markets. The Company is known as a pioneer in the field of arterial puncture closure, as the inventor and developer of the Angio-Seal(TM) Vascular Closure Device, which is licensed to St. Jude Medical, Inc. For more information on Kensey Nash, please visit http://www.kenseynash.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 PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace, Automotive and Defense, Retail and Consumer, and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.

The announcement of any particular selection of PTC software is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.

PTC and its logo, Pro/ENGINEER, Wildfire, Windchill, Mathcad, Mechanica, Pro/NC and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries



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