PARAMETRIC TECHNOLOGY CORPORATION
Receives $1 Million Order for Pro/ENGINEER Software and Services from Sharp Corporation
WALTHAM, Mass.--(BUSINESS WIRE)--June 1, 1994--Parametric Technology Corporation (NASDAQ: PMTC) announced today that it has received a follow-on order for software and services totaling $1 million from Sharp Corporation of Osaka, Japan. All software will be shipped to Sharp during PTC's current fiscal quarter.
Sharp Corporation, an $11 billion company, is a worldwide supplier of advanced electronics for consumer and business applications. Sharp pioneered such technologies as Liquid Crystal Displays (LCDs), semiconductors, and Very Large Scale Integrated (VLSI) circuits to become a leader in markets for home enter-tainment products, appliances, telecommunications equipment, and office automation solutions. The newly ordered Pro/ENGINEER seats will be used throughout Sharp's engineering organization in Japan to design and develop a wide range of products.
"We are extremely pleased that Sharp Corporation, a company on the leading edge of high technology, has chosen to broaden its use of Pro/ENGINEER in response to the productivity gains achieved with our software," said Steven C. Walske, president and chief executive officer of Parametric Technology. "A purchase of this magnitude from a major Japanese firm also testifies to the service and support our customers are receiving throughout the Asia-Pacific region. We believe that international markets such as Japan represent substantial business opportunity for PTC, and we are committed to meeting the needs of Pro/ENGINEER users worldwide."
Parametric Technology's Pro/ENGINEER product family encompasses 30 application-specific modules that address the complete spectrum of mechanical design-through-manufacturing activities. This parametric, feature-based solid modeling technology is used throughout the electronics, aerospace, automotive, and consumer products industries by more than 3,800 companies worldwide.
Parametric Technology Corporation has emerged as the leader in the mechanical design automation industry. Its new generation of CAD/CAM/CAE technology is revolutionizing the mechanical design automation process with a market strategy that emphasizes technological leadership, aggressive price/performance, hardware independence, worldwide distribution, and extensive customer support.
Pro/ENGINEER is a registered trademark of Parametric Technology Corporation.