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Burton Snowboards Compresses Time-to-Market With PTC® Solutions

NEEDHAM, MA – Oct. 22, 2001 – PTC (Nasdaq: PMTC), the product development company™, today announced Burton Snowboards, the world's leading snowboard manufacturer, is speeding development of new board designs with Pro/ENGINEER® and Pro/INTRALINK®. Burton uses the PTC software to control all aspects of product development, from design to prototype to manufacture. For Burton, competition is intense -- the snowboard market is now growing at 50 percent per year, and Burton must get new designs to stores quickly.

An example of how Pro/ENGINEER helps compress snowboard time-to-market: Burton uses Pro/ENGINEER's associativity to speed new-product prototyping. Burton tests all new board designs repeatedly by building prototypes for on-the-slopes tryouts. Testers then report their findings, and Burton rushes to make an improved prototype for the next test.

By using Pro/ENGINEER’s associativity, Burton's design engineers can make the requested changes in their solid models. The changes are instantly reflected in the 2D drawings used for manufacturing, and the new prototype is ready for testing in as little as an hour, a process that previously took a week.

Note to Editors: A complete success story and images are available. Please contact Rhonda Morgan, (651) 765-3065, rmorgan@ptc.com.

About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers get superior products to market before their competitors. PTC is the world’s largest software company with a total commitment to product development. The company services more than 32,000 customers worldwide. Further information on PTC is available 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. Such risks are detailed from time to time in reports filed by PTC with the U.S. Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q. The announcement of any particular order is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period.

PTC, The Product Development Company, Pro/ENGINEER, Pro/INTRALINK 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.