PARAMETRIC TECHNOLOGY RECEIVES $1.5 MILLION
follow-on order for software and services from Sharp of Japan
WALTHAM, Mass.--(BUSINESS WIRE)--April 6, 1995--Parametric Technology Corp. (NASDAQ: PMTC) announced today that it has received a follow-on order for software and services valued at more than $1.5 million from Sharp Corp. of Osaka, Japan.
The majority of the order represents additional seats of PTC's Pro/ENGINEER mechanical design automation software, which were shipped to Sharp during PTC's second fiscal quarter (ended April 1, 1995).
Sharp Corp., a $13.8 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 entertainment 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 Corp., 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 C. Richard Harrison, Parametric Technology's president and chief operating officer.
Harrison added, "Sharp is one of several Japanese companies in computers, office equipment and electronics to make large purchases of Pro/ENGINEER software over the past few months. We anticipated strong continued growth throughout the region as we aggressively expand our sales and support presence."
Parametric Technology Corp. has emerged as the CAD/CAM/CAE industry's leading supplier of mechanical design automation software. Its software tools for mechanical design, manufacturing, and product data management are used by more than 5,000 companies throughout the world to reduce time to market, improve engineering processes, and optimize product quality. The company's growth strategy emphasizes technological leadership, aggressive price/performance, hardware independence, worldwide distribution, and extensive customer support.
Pro/ENGINEER is a registered trademark of Parametric Technology Corp.