Million for Pro/ENGINEER Software From Hon Hai Precision Component Manufacturing Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 10, 2000--Parametric Technology Corporation (NASDAQ:PMTC) today announced that it received orders exceeding $1 million for Pro/ENGINEER software from Hon Hai Precision Components Manufacturing, based in Taiwan. The software was shipped to the company during PTC's first fiscal quarter (ended January 1, 2000). Hon Hai, which operates in the U.S. as Foxconn Electronics, Inc., manufactures computer peripherals for customers including Compaq, Dell, Apple, Intel, Cisco and Legend. With annual sales of over $1 billion, Hon Hai was listed #17 in Business Week magazine's Infotech 100. "We are pleased with our strategic partnership with Hon Hai and strongly believe that their use of Pro/ENGINEER software and PTC's professional support services will strengthen their competitive advantage in the global marketplace," said C. Richard Harrison, PTC's president and chief operating officer. About Hon Hai Precision Component Manufacturing Hon Hai is a worldwide leader in the business of OEM/ODM manufacture of computer peripherals including connectors, cable assemblies, chassis, risercards, switches, keyboards, CD-ROMs and thermal products. Internationally, Hon Hai Precision Industry Co. Ltd. has significant manufacturing operations in China, the United States and Europe. About Pro/ENGINEER and the PTC i-Series The PTC i-Series is a continuum of interoperable mechanical design automation solutions employed by PTC's more than 227,000 users worldwide for the design, engineering, manufacturing and support of products. All information is shared among these solutions using PTC's unique Associative Topology Bus, ensuring that changes are propagated and shared with all product development participants. The Pro/ENGINEER design system -- the heart of the PTC i-Series -- features PTC's new Behavioral Modeling technology which allows designers to innovate their products more rapidly and effectively. The PTC i-Series also features Pro/MECHANICA, Division, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS 5 and MEDUSA. About the Company Parametric Technology Corporation, founded in 1985 and headquartered in Waltham, Mass., develops, markets and supports collaborative product commerce (CPC) and flexible engineering solutions that help companies spur innovation and achieve sustained competitive advantage. These solutions leverage PTC's leadership in providing software that streamlines design and engineering processes, improves product quality and reduces cost and time-to-market cycles. PTC's software solutions are complemented by the strength and experience of its professional services organization, which provides training, consulting and support to customers worldwide. In its fiscal year ended September 30, 1999, the company achieved more than $1 billion in revenue. PTC can be reached at 781-398-5000, or via the web at http://www.ptc.com. Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include PTC's ability to anticipate and adequately respond to evolving customer requirements and to deliver products and services in a timely manner that meet those requirements together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the company's most recent reports on Form 10-K and 10-Q. The announcement of any particular sales order is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period. Parametric Technology Corporation, Pro/ENGINEER, Pro/MECHANICA, CADDS and InPart \ are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.
Parametric Technology Corp. Receives Orders Exceeding $1