PTC To Unveil “Project Lightning” in Worldwide Virtual Event

NEEDHAM, Mass.--(BUSINESS WIRE)-- PTC (Nasdaq: PMTC), The Product Development Company®, will unveil Project Lightning, its landmark initiative that it expects will redefine CAD, in a virtual event on October 28, 2010. This event will provide attendees the opportunity to be among the first to witness the vision, hear the strategy and see the product that PTC expects will transform the mechanical CAD marketplace.

Join President and CEO Jim Heppelmann, Brian Shepherd, executive vice president, product development, and Michael Campbell, divisional vice president, design and visualization products, and a worldwide audience for the virtual event to learn how PTC plans to:

• Solve the big problems in CAD, including fundamental ease-of-use, interoperability, assembly management and technology lock-in

• Take a fresh new approach to the solutions, building on PTC's unique assets

• Deliver a scalable, interoperable, open and easy-to-use set of mechanical design applications

• Provide the right-size solution for each participant in the design process at the right time

• Offer full upwards compatibility with the PTC products being used today including Pro/ENGINEER®, CoCreate® and ProductView®

See firsthand how the company who revolutionized CAD is once again reinventing product development!

Date: October 28, 2010
Time: 10:00am – 12:00pm eastern

About PTC (www.ptc.com)

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 and related solutions, organizations in the Industrial, High-Tech, Aerospace/Defense, Automotive, Retail/Consumer and Life Sciences industries are able to support key business objectives such as reducing costs and shortening lead times while creating innovative products that meet customer needs and comply with industry regulations.

This press release contains forward-looking statements about the anticipated effects of Project Lightning on the CAD market. Project Lightning may not have the effect we expect on the market and may not generate the revenue we expect. Please note that the timing of the release of Project Lightning, including any features or functionality, is subject to change at PTC's discretion.

PTC and its logo, The Product Development Company, Pro/ENGINEER, CoCreate, and ProductView are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and other countries.

Contacts

PTC
Anita Berryman, 781-370-6619
Corporate Communications
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or
Beth Ambaruch, 952-435-5058
Corporate Communications
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