Receives $1 Million Order for Pro/ENGINEER Software and Services from
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
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