and Services from Mirae Corporation
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
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
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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