PTC's Pro/ENGINEER Wildfire Delivers Industry's Best Platform For Product Development

Easy-to-Use and Powerful for Personal Productivity - - Web Connected and Seamlessly Integrated for Process Productivity

NEEDHAM, MA., June 10, 2002 -- PTC (NASDAQ:PMTC), the product development company™, today announced Pro/ENGINEER® Wildfire™, a breakthrough version of its industry-leading Pro/ENGINEER® product design and development software. Pro/ENGINEER Wildfire has been designed from the start to give manufacturing companies of all sizes the ability to bring superior products to market faster and more economically.

Additionally, PTC and Hewlett Packard intend to collaborate to provide support for the Linux operating system (See related press release at http://www.ptc.com/company/news/press/releases/20020610linux.htm).

The new solution is being hailed by industry analysts and experienced users who have seen and used the product as setting the new standard for the industry with its blend of powerful capabilities for both personal and process productivity.

"Pro/E Wildfire is going to impact the competitive landscape of product development," said Dr. Ken Versprille, Research Director at D.H. Brown "Other products on the market today will be challenged to match the performance and productivity gains delivered by PTC. The company has delivered on important new directions that make its vision of product lifecycle management (PLM) a reality"

"Previously, companies have had to choose between easy-to-use modeling tools and more fully-featured applications integrated into their design process," said PTC CEO and president Dick Harrison, "But now, with Pro/ENGINEER Wildfire, we will be giving product development professionals an easy-to-use, no-compromise solution that is able to unlock the power of the Internet to improve the overall design process."

Long-time Pro/ENGINEER user and author Dennis Steffen of Plantation Key Design, Inc. in Tavernier Florida agrees with that assessment. "For product designers and engineers, productivity equals success. Pro/ENGINEER Wildfire makes the power of Pro/ENGINEER far more accessible -- which really lets the user focus on creating great designs without getting distracted by command navigation or performance limitations. Even better, the seamless connection to the web means I can connect to other users and Windchill® solutions for project collaboration and product data management in a smooth and intuitive way without leaving my design environment." Steffen, a product design consultant, is at work on a new book about Pro/ENGINEER called Inside Pro/ENGINEER Wildfire, to be published by Thomson Learning in Fall 2002.

New Capabilities in Project Wildfire Transform the Product Design Experience

Listening closely to customers in multiple industries around the world, PTC incorporated hundreds of new features and enhancements to existing capabilities. Major new innovations include:

A completely new interface that enables users to become productive quickly and with a minimum of training. A strong focus on ergonomics, through a larger graphics area for modeling, simpler view manipulation controls, reduced mouse travel, and enhanced color schemes improve the comfort of the frequent user. Geometry modeling is made easier, even on complex parts, through extensive graphical previews and the replacement of dialog boxes with an unobtrusive dashboard that provides direct access to critical feature controls. Further, extensive right-mouse-button command access and intuitive drag handles for feature modification make geometry changes easy and intuitive. Collectively, these new features streamline workflow and accelerate development by 30 percent. The user is in total control in a creative and optimized work environment.

Building on widely recognized power and performance advantage, Pro/ENGINEER Wildfire brings innovative new technologies into the hands of engineers and designers that surpass those offered by parametric-only or aging hybrid systems. New capabilities for high performance assembly modeling include symbolic representations and flexible components. Design of aesthetically pleasing products is improved through new capabilities in interactive surface design, point-cloud reverse engineering, real-time photo rendering, and warp feature-based global modeling. Improved capabilities and integration of simulation and optimization tools include integrated mechanism dynamics, improved structural and thermal studies, and easier to use behavioral modeling lead to greater confidence in designs without repetitive prototyping. Further improvements in manufacturing, routed systems, openness, and system administration add impact to this new solution.

A Web communications capability that enables both seamless access of PTC's Windchill suite of collaboration and control offerings and live-data peer-to-peer connectivity to other Pro/ENGINEER users. Previously, users had to access different applications and different user interfaces for creation, collaboration and data management. This led to a disconnected process with many non-value added steps of data movement and transformation. By integrating the power of the web directly into Pro/ENGINEER at the architecture level, users can now operate in a seamless environment that smoothly flows from working alone, to working with others, to working with Windchill-based product development databases for project collaboration, component libraries, and product data management.

"For more than 300,000 Pro/ENGINEER users in 33,000 manufacturing environments worldwide, Pro/ENGINEER Wildfire will prove to be a tremendous milestone in both personal and enterprise productivity," said James Heppelmann, PTC's Chief Technical Officer. "From the individual engineer to collaborative groups and the virtual workspace of the internet, Pro/ENGINEER Wildfire streamlines and simplifies the product development and product lifecycle management (PLM) process."

Extensive Usability and Quality Assurance Testing Facilitate Rapid Adoption

To ensure that both experienced and new Pro/ENGINEER users can gain rapid access to the Pro/ENGINEER Wildfire unparalleled capabilities, PTC has established an extensive quality assurance, usability and ease-of-adoption programs for the introduction of the product. During the development of Pro/ENGINEER Wildfire, a diverse cross-section of experienced Pro/ENGINEER users have been introduced to the product, participating in extensive usability and quality assurance testing. Additionally, Engineering students from various university programs were studied as they were introduced to Pro/ENGINEER in order to determine how easy the new version was to learn and use.

PTC is also providing enhanced service and support programs for customers on the current release of Pro/ENGINEER to insure uninterrupted quality and reliability prior to and during the transition to Pro/ENGINEER Wildfire.

"We fully recognize the needs of our customers to receive excellent support on their current versions of the product as they plan their adoption of Pro/ENGINEER Wildfire," said Kevin Wrenn, executive vice president of Global Services. "Our comprehensive portfolio of consulting, implementation, adoption and learning services and methodologies are essential elements in the roll-out of all new PTC products."

Select PTC customers are receiving a special preview edition of Pro/ENGINEER Wildfire in conjunction with product demonstrations and training at Pro/ENGINEER user conferences. Further, all PTC Pro/ENGINEER customers on maintenance are eligible to receive a pre-production release later this summer.

Pro/ENGINEER Pricing

Pro/ENGINEER Wildfire fully featured packages are priced beginning at $4995 (US pricing). Many of the new capabilities of Pro/ENGINEER Wildfire, including the personal productivity enhancements and the web integration, are included in existing packages and are provided with maintenance to existing customers.

PTC will host a Web-based virtual event, Product First/Pro/ENGINEER Wildfire on Tuesday, June 18, 2002, to present demonstrations of the latest version of Pro/ENGINEER, provide downloadable materials on the new product and discuss Product First, an independent manufacturing industry movement focused on the creation of superior products. To register for the event, go to http://www.ptc.com/go/engineering

About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers win with superior products. PTC is the world's largest software company with a total commitment to product development. The company services more than 33,000 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. These risks and uncertainties include: the Internet's continued development into a viable collaboration medium and commercial marketplace; PTC's successful development and integration of the technology necessary to offer integrated solutions that both address business-critical product lifecycle management functions and adequately respond to the evolving requirements of product designers; PTC's effective coordination and management of joint activities (including sales, marketing, development, implementation and support) with partners, such as value added resellers and systems integrators in order to deliver products and services that meet those requirements; the success of our Windchill Pro/ENGINEER integrated solutions strategy initiatives; and the effects of a weakening economy which may impact the overall demand for software and related services, 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, the PTC Logo, The Product Development Company, Product Development Mean Business, Create Collaborate Control, Products First, Pro/ENGINEER, Wildfire, CADDS, Windchill, and all PTC product names and logos are trademarks or registered trademarks of PTC and/or its subsidiaries in the United States and in other countries.
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