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PTC Releases Pro/ENGINEER[$reg] Wildfire[$#8482] 2.0
New Version of Simple.Powerful.Connected.[$#8482] Solution Delivers 3D Drawings and Interoperability with All Major CAD Systems

NEEDHAM, Mass. April 13, 2004 – PTC (Nasdaq: PMTC), a leading provider of Product Lifecycle Management (PLM) solutions, today announced the availability of Pro/ENGINEER Wildfire 2.0, the newest version of its product design and develOPMent solution.  Pro/ENGINEER Wildfire 2.0 offers 3D drawing capability incorporated directly into the core product that is compliant with the industry standard American Society of Mechanical Engineers (ASME) Y14.41. Pro/ENGINEER Wildfire 2.0 also supports interoperability with all the major CAD systems including UGS PLM I-DEAS[$reg], CATIA[$reg] V5 and Unigraphics[$reg] NX.  Additionally, this version delivers major improvements in software usability by extending the Pro/ENGINEER Wildfire User Model to sheet metal, simulation and other areas of the solution. Pro/ENGINEER Wildfire 2.0 is scheduled to ship during PTC’s current fiscal quarter ended July 3, 2004.

Penske Racing, Inc., winner of three straight Indianapolis 500-mile races, has for years used Pro/ENGINEER as its CAD standard. "With Pro/ENGINEER, we have been able to make crucial race-week adjustments; re-designing, manufacturing and delivering revised components to our race teams in a matter of hours," said Tim Cindric, president of Penske Racing, Inc. "

ro/ENGINEER Wildfire 2.0 possesses some key capabilities which will take our skill in executing rapid product refinement to a whole new level."

3D Drawing
PTC’s Pro/ENGINEER Wildfire 2.0 offers 3D drawing capability as part of its core Pro/ENGINEER solution.  Prior to the availability of 3D drawing capabilities, engineers spent large amounts of time creating and/or interpreting drawings for use when product designs were sent to manufacturing to be produced.  Companies using this new capability reduce opportunities for misinterpretation and improve their productivity by eliminating or decreasing reliance on traditional 2D drawings. The new 3D drawing capability was developed in compliance with industry standard ASME Y14.41-2003. The ASME standard is expected to be the basis for an emerging ISO standard to be released within the next year.

“Pro/ENGINEER Wildfire 2.0 offers groundbreaking capabilities that will dramatically improve productivity for users and their organizations,” said Brian Shepherd, senior vice president of product management.  “3D drawings are the perfect blend of the 2D and 3D worlds, allowing downstream users to consult the product model and view all the data they need, annotated directly on the model itself.”

CAD Interoperability
Pro/ENGINEER Wildfire 2.0 introduces facilities for UGS PLM I-DEAS import and associative data exchange capabilities for both the CATIA V5 and UGNX applications, complementing the rich existing set of industry-standard formats and direct application interfaces.

“To compete in aggressive worldwide markets, companies must continually strive for improved efficiency and agility using open solutions that can be configured and deployed to best meet their unique company requirements,” said Dr. Ken Versprille, CPD Associates, LLC (formerly the PLM group of D.H. Brown Associates, Inc.).  “PTC views openness as a fundamental tenet and has consistently provided the highest levels of data interoperability.  Through its comprehensive support for international exchange standards, and its patented associative data exchange technology, PTC delivers an industry-leading open solution with Pro/ENGINEER Wildfire 2.0.”

Adoption
The new release is built upon the award winning technology of Pro/ENGINEER Wildfire, introduced in February 2003.  Pro/ENGINEER Wildfire is being adopted at a remarkable rate.  To date, more than 50 percent of customer sites have made the move -- a result of its immediate accessibility to users of all proficiency levels, its reliability, and its seamless data compatibility with earlier releases of Pro/ENGINEER.

“By CAD industry expectations, Pro/ENGINEER Wildfire has been adopted very rapidly by a large number of PTC’s customers,” said John MacKrell of technology analyst firm CIMData.  “This rapid acceptance of Pro/ENGINEER Wildfire in production environments demonstrates that users recognize the product’s strength in helping improve their product development efficiency.”

Pro/ENGINEER Wildfire 2.0 offers additional enhancements and features that deliver improved software usability across all functional areas.  Learn more about these capabilities at www.ptc.com/go/wildfire

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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 and product lifecycle management.  The company services more than 35,000 customers worldwide.  Further information on PTC is available at https://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 Company’s finalization of the operating results for the second quarter of fiscal 2004; continued execution of our cost reduction initiatives and our ability to efficiently utilize our resources, minimizing organization disruption while at the same time achieving our revenue targets; continued adoption by customers of our product offerings, including our design solutions products and our Windchill Link solutions; 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, The Product Development Company, Product First, Pro/ENGINEER, Wildfire, Windchill, 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.