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PARAMETRIC TECHNOLOGY RECEIVES $1.7 MILLION ORDER FOR SOFTWARE


and Services from Mirae Corporation

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--Dec. 17, 1997--Parametric Technology Corporation (NASDAQ:PMTC), developer of the Pro/ENGINEER(R) family of software tools used to automate mechanical product development, announced that it has received a $1.7 million order for software and services from Mirae Corporation of Chun An City, Korea. The software will be shipped to the company during PTC's current fiscal quarter (ending January 3, 1998).

Mirae Corporation, a worldwide manufacturer of semiconductor equipment, will use Pro/ENGINEER and Pro/MECHANICA(R) throughout the entire product development process for the creation of semiconductor equipment. Mr. Kwangill Koh, executive director of research and development at Mirae, noted, "As a leader in a highly competitive field, we are constantly looking for ways to improve our competitiveness." He added, "We expect our investment in Pro/ENGINEER will give Mirae the ability to continue to outpace our competition."

"With this order, Mirae Corporation plans to standardize on Pro/ENGINEER and Pro/MECHANICA to significantly shorten their design-through-manufacturing process. In addition, Mirae chose Pro/ENGINEER because it offered a complete solution for semiconductor machine design, optimization and production," noted C. Richard Harrison, president and chief operating officer at Parametric Technology.

Parametric Technology Corporation is the world's tenth largest independent software company and the CAD/CAM/CAE industry's leading supplier of software tools used to automate the mechanical development of a product from its conceptual design through production. Worldwide, more than 15,000 companies employ PTC's integrated software technologies to reduce time to market, improve engineering processes, and optimize product quality. Parametric Technology's growth strategy

emphasizes technological leadership, aggressive price/performance, hardware independence, worldwide distribution, and extensive customer support.

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Parametric Technology Corporation, Pro/ENGINEER and Pro/MECHANICA are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation in the United States and other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.

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