WALTHAM, Mass., April 6, 2000 - PTC (NASDAQ: PMTC), a leading provider of collaborative product commerce (CPC) solutions, today announced it has received an order in excess of $1.0 million dollars for PTC's flexible engineering software solutions and global services from SCP Global Technologies. SCP, located in Boise, Idaho, is a leading worldwide supplier of surface preparation technology, systems, and services to the semiconductor and related industries. The software was shipped to SCP Global Technologies during PTC's second fiscal quarter (ended April 1, 2000).
SCP aims to create an environment that will enable engineers to collaborate internally and externally using PTC flexible engineering solutions. PTC's i-Series including Pro/ENGINEER, Pro/MECHANICA, and DIVISION will enable engineers to collaborate with drawings, designs, multiple CAD formats, and concurrent engineering practices. SCP's decision to go with PTC's flexible engineering solutions was based on return on investment (ROI), proposed productivity gains, and projected company escalation in production and revenue.
"The addition of PTC's flexible engineering solutions has made it possible for SCP Global to take the advanced route of true concurrent and flexible engineering by introducing our outsource partners, supply chain, and design process vendors to true B2B collaboration," said Arne Sturlaugson, CAD systems manager at SCP. "PTC's CPC solutions will allow us to closely integrate the SCP supply alliance and design partners into a joint collaborative design and manufacturing environment."
"Using Pro/DIAGRAM for our electrical schematics has virtually eliminated electrical issues. The ability to create multiview components is essential to our documentation requirements and PTC offers the only package available to handle all of our needs," said Kip Guerrero, electrical engineering manager at SCP.
About PTC's Flexible Engineering Solutions
The PTC i-Series of flexible engineering solutions, based on PTC's award winning Pro/ENGINEER software and the practices of PTC Global Services, is a group of design and engineering solutions focused at addressing collaborative product commerce engineering initiatives. These solutions are relied on daily by more than 250,000 users to drive their worldwide product development and engineering functions. The solutions use unique approaches with many patent-pending and award winning technologies such as Pro/ENGINEER behavioral modeling that captures engineering knowledge and allows designers to innovate new products more rapidly and effectively. The PTC i-Series of flexible engineering solutions, underpinned by PTC's Windchill software, also features Pro/MECHANICA, DIVISION, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS 5i, and MEDUSA.
About PTC
PTC (Parametric Technology Corporation), founded in 1985 and headquartered in Waltham, Mass., USA, develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age. These B2B e-commerce solutions employ powerful Web-based collaboration and flexible engineering technologies to streamline product development and delivery processes. PTC's software solutions are complemented by the strength and experience of PTC Global Services, which provides training, consulting, support, and e-commerce services to customers worldwide. With PTC's CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. In its fiscal year ended September 30, 1999, the company achieved more than $1 billion in revenue. PTC can be reached at 781-398-5000, or via the Web at http://www.ptc.com.
About SCP Global Technologies
SCP Global Technologies (www.scpglobal.com) has been an industry leader in wet processing equipment for over 25 years. The company is committed to being the worldwide leader in the supply of cost-effective surface preparation technology, systems and services.
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 risks and uncertainties include PTC's ability to anticipate and adequately respond to evolving customer requirements and to deliver products and services that meet those requirements together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q. The announcement of any particular sales order is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period.
Parametric Technology Corporation, Pro/ENGINEER, Pro/MECHANICA, CADDS, InPart, and Windchill are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.