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PTC Extends Windchill PLM Leadership; Unveils Four Microsoft Sharepoint 2010-Based Solutions

Program Portfolio Management and Social Product Development Among First Offerings Built on Microsoft SharePoint 2010

NEEDHAM, Mass. — (BUSINESS WIRE) — June 7, 2010 — PTC (Nasdaq: PMTC), The Product Development Company®, today expands Windchill®, its family of PLM solutions, with the announcement of several new and enhanced solutions built on the Microsoft SharePoint® 2010 collaboration platform.

Highlights

Prior to the launch of Microsoft SharePoint 2010, PTC was invited to participate in Microsoft Corp.’s Technology Adoption Program (TAP) for SharePoint 2010. This provided PTC early access to SharePoint 2010, and was established to yield benefits for product development organizations in the form of enhanced executive visibility, wider-information access, and improved team productivity. Through increased R&D investment and active participation in the SharePoint 2010 TAP, these new PTC solutions are being announced weeks after Microsoft’s initial public release of SharePoint 2010.

“PTC believes in Microsoft’s vision around the SharePoint 2010 business collaboration platform for the enterprise,” said Jared Spataro, director, SharePoint Product Management, Microsoft. “The potential for PTC to deliver great product development solutions for customers, based on the SharePoint platform is demonstrated by the early success of Windchill ProductPoint and the release of these new PTC solutions, offering significant value to manufacturing companies seeking to improve product development processes.”

Windchill PPMLink

Windchill PPMLink extends Microsoft’s Enterprise Project Management capabilities with configurable stage and gate processes, and scorecards that aggregate traditional project management measurements with PLM-derived product attributes. Further, it allows each project team the freedom to choose its own solution for project management while facilitating comprehensive bottom-up metrics reporting.

In a December 2009 independent Forrester Research, Inc. report, “It’s Time To Revisit Portfolio Management For Product Development,” Senior Analyst Roy C. Wildeman stated that “Across the product life cycle, few processes have as much impact on a company’s product innovation efforts and financial performance as managing the R&D project pipeline and resulting new products.” He also stated in the report that “[PPM] applications can help clarify and align product development strategy with the core strategy of the business.”

Windchill Web Parts for SharePoint

Windchill Web Parts for SharePoint 2010 provides a single, consolidated view of product information by enabling SharePoint users to easily view, search, and edit Windchill data together with content from ERP, finance and other enterprise applications. Using Microsoft’s Business Connectivity Services, Windchill Web Parts for SharePoint 2.0 offers new and enhanced capabilities that expand the current search, assignment, and executive reporting features and take full advantage of the SharePoint environment.

Windchill SocialLink

With Windchill ProductPoint 1.1 and Pro/ENGINEER Wildfire 5.0, PTC first brought social computing features into product development applications. Now, PTC is announcing its development of a dedicated solution, enabling companies of all sizes to realize the value of social product development. Windchill SocialLink will combine social computing enabled by Microsoft SharePoint 2010 with a rich knowledge of product data, and deliver a modern user experience, seamlessly accessible across all PTC solutions. Content tagging, filtering, and activity feeds will automatically disseminate relevant knowledge quickly to product communities and “communities of practices,” self-forming groups united by shared professional interests. Uncovering and utilizing the collective wisdom of the crowd will enable faster and more-effective decision-making.

Planned capabilities and associated benefits of this new solution include:

Windchill ProductPoint

Windchill ProductPoint offers CAD vaulting, sharing, visualization, mark-up, and data reuse within heterogeneous environments, typical of SMB product organizations. Additionally, new data loading tools facilitate the direct migration of Pro/INTRALINK 3.x content, including as-stored configurations, metadata and full version history, into Windchill ProductPoint.

“By extending SharePoint 2010, Windchill enables everyone -- design engineers, program managers, and top executives-- to participate in the product development process in a meaningful way through a familiar platform,” said Brian Shepherd, executive vice president, product development, PTC. “This results in better, faster decision-making, which can ultimately drive a sustained competitive advantage for our customers.”

Availability

PTC is demonstrating these solutions at the PTC/USER World Event 2010, from June 6-9 in Orlando, FL. PTC expects these solutions to be available later this year.

*The timing of any product release, including any features or functionality, is subject to change at PTC’s discretion.

To learn more about these and other PTC products, visit the products pages on www.ptc.com.

Tune in to http://www.ptc.com/events/ptcuser10 for real-time event coverage through videos, pictures, tweets, and blogs from PTC staff and event attendees. Event-related tweets will be tagged with the #ptcuser10 hashtag. Follow the PTC Windchill product family on Twitter! @PTC_Windchill ( http://www.Twitter.com/PTC_Windchill)

About PTC ( http://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 CAD, and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet both customer needs and comply with industry regulations. To see PTC products in action go to http://www.youtube.com/user/ptcstudio.

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 effective coordinate of our joint initiatives with Microsoft; Our ability to co-develop and integrate technologies that adequately address the PLM and social development requirements of small, medium and large businesses and successfully coordinate and manage joint activities with third parties (including technology integration, development, implementation and support) in order to deliver products and services that meet those requirements; 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. The timing of any product release, including any features or functionality, is subject to change at PTC’s discretion

PTC and its logo, The Product Development Company, Windchill, Windchill ProductPoint, Windchill Web Parts, Windchill SPD, Windchill PPMLink 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.


Contact:

PTC
Anita Berryman, 781-370-6619
Corporate Communications
Email Contact
or
For PTC
Weber Shandwick
Amanda Keane, 617-520-7260
Email Contact