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FOR RELEASE: Monday, March 18, 2002
EDS and PTC Announce Agreement To Enable Interoperability Between Their Product DevelOPMent Software Solutions
Agreement Focuses On Driving Down Potentially Billions of Dollars In Interoperability Costs For Global Manufacturers  
PLANO, Texas and NEEDHAM, Mass. -- In an initiative targeting over $1 Billion in annual costs associated with the lack of interperoperability in manufacturing software, EDS (NYSE: EDS) and PTC (Nasdaq: PMTC) today announced the signing of a technology exchange agreement.  
  
Under the terms of the agreement both companies will share toolkit technology and exchange end-user products. Both EDS and PTC will have the ability to provide interoperability between their respective product lifecycle management (PLM) solutions.  
  
The lack of interoperability in the automotive supply chain alone carries an estimated price tag of $1 billion per year, according to the National Institute of Standards & Technology (Interoperability Cost Analysis of the U.S. Automotive Supply Chain, 1999). Interoperability is a major challenge in other manufacturing sectors, as well, including aerospace, high-tech, consumer products and industrial machinery.
  
The agreement between EDS and PTC brings together two market leaders in an initiative aimed at helping manufacturers decrease interoperability costs and associated data integrity problems. In particular, interoperability between EDS and PTC software will significantly improve situations where a mix of their software currently exists, as is often the case between OEMs and supply chain communities.  
  
“We have built our products on a strategy we call 'open by design' for many years,” said Chuck Grindstaff, president of PLM Products, EDS PLM Solutions. "This strategy, combined with the reciprocal licensing arrangement in today's agreement with PTC, will truly benefit our mutual customers by enabling enhanced connectivity. Our goal is to create the highest possible level of product definition exchange and this agreement shows that we continue to give our customers' needs the highest priority."  
  
“With this agreement, PTC and EDS are addressing two related issues,” said Jim Heppelmann, PTC’s executive vice president and chief technology officer. “Manufacturers need ways to exchange product data with their entire supply chain; and as vendors, we need to promote the growth of the PLM industry in order to help them do that. Only a complete product development process and interoperability will allow manufacturers to create the product, collaborate with all participants throughout the value chain, and effectively control the process. With our customers in mind, PTC has been addressing interoperability on various fronts, and this is one more validation of our efforts in this area.”  
  
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 https://www.ptc.com.  
  
About EDS
EDS, the leading global services company, provides strategy, implementation and hosting for clients managing the business and technology complexities of the digital economy. EDS brings together the world’s best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers’ trust and continuously seek improvement. EDS, with its management-consulting subsidiary, A.T. Kearney, serves the world’s leading companies and governments in 60 countries. EDS reported revenues of $21.5 billion in 2001. The company’s stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange.

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