Press Releases

Mentor Graphics and PTC Partner to Provide Integrated Electronic Product Data Management Solutions

WILSONVILLE, Ore. and WALTHAM, Mass.- Nov. 1, 2000 - PTC a leading provider of collaborative product commerce (CPC) solutions, and Mentor Graphics Corporation, today announced a cooperative development effort to support electronics industry requirements for enterprise-wide, Web-based, collaborative management of product data from system design through manufacturing and service. The resulting solutions are expected to dramatically reduce the traditional data management disconnect between work-in-process design and the enterprise manufacturing process in the electronics industry. This disconnect includes data synchronization problems, missing data, and numerous error prone manual tasks. Bridging this information gap will improve release process efficiency and benefit product development efforts that are geographically dispersed.

The integration will allow users of Mentor's Board Station® design products to access and manage released design data using PTC's Windchill solution. Users will have the ability to check in, search for, and check out version-controlled design data and associated derived manufacturing files, facilitating knowledge reuse.

"Mentor Graphics realizes the importance of work-in-process design data management and the need to bridge into the enterprise PDM space. This joint effort with PTC will focus on this bridge and clearly benefit our mutual customers with a productive data management environment spanning design to manufacturing," commented Henry Potts, vice president and general manager, Mentor Graphics Systems Design Division.

"With its strong emphasis in design data management, Mentor is an important partner with whom to develop a Web-based collaborative environment to facilitate the control and management of critical electronic data," said James P. Baum, executive vice president and general manager, Windchill at PTC. "This cooperative effort is a key component of our commitment to the electronics industry."

Mentor Graphics will continue to develop work-in-process design data management products, which include EDA library management, product life cycle management and component supplier information solutions.

The first product scheduled to come out of this cooperative development agreement is an integration between Mentor Graphics' Suite of Design Architect and Board Station design tools and PTC's Windchill collaborative product commerce solution. Available in Q4, 2000, the resulting new product will be developed and supported by Mentor Graphics, and sold by both companies. It will provide customers with a clean design data hand-off point between engineering functions and the enterprise and will be accompanied by a complete set of implementation and customization services available from both companies.

About Mentor Graphics
Mentor Graphics Corporation (Nasdaq: MENT) is a world leader in electronic hardware and software design solutions, providing products and consulting services for the world's largest electronics and semiconductor companies. The Systems Design Division is the worldwide market leader for PCB design solutions. Established in 1981, the company reported revenues over the last 12 months of $500 million and employs approximately 2,700 people worldwide. Company headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com.

About PTC
PTC (Nasdaq: PMTC), founded in 1985 and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), develops, markets, and supports product development solutions for 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 complement 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. PTC can be reached at 781-398-5000, or via the Web at http://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 risks and uncertainties include the ability of PTC and Mentor Graphics to successfully develop and integrate the technology necessary to create product interfaces and other technologies that address customer requirements and effectively coordinate and manage joint activities (including sales, marketing, development and implementation) in order 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.

PTC, 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.

Mentor Graphics, Board Station and Design Architect are registered trademarks of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.