PTC Receives $2.1 Million Pro/ENGINEER Order from SHARP
WALTHAM, Mass.--(BUSINESS WIRE)--July 5, 2000--
World Leading Manufacturer Accelerates Pro/ENGINEER Implementation to
Achieve Further Competitive Advantage in the Global Market
PTC (Nasdaq: PMTC), a leading provider of collaborative product commerce (CPC) solutions, today announced today announced it has received a $2.1 million order from SHARP CORPORATION for Pro/ENGINEER software and services. The software was delivered during PTC's third fiscal quarter (ended July 1, 2000).
Founded in 1912, SHARP CORPORATION is a world-leading manufacturer of liquid crystal products. With over 60,000 employees across 14 countries, SHARP CORPORATION produces a variety of electronic products, both for home and office use. The manufacturer has previously leveraged the Pro/ENGINEER software solution for development of its products and is now planning to expand its implementation of Pro/ENGINEER to the entire company to achieve further competitive advantage.
"We've been able to significantly advance several product projects by working with Pro/ENGINEER from PTC," said Eiki Kida, vice president/division general manager in Design Systems Development Center, Production Technology Development Group of SHARP CORPORATION. "By expanding deployment of Pro/ENGINEER, we expect to see further competitive advantage and design productivity enhancements."
"Today's manufacturers take the customers' needs into product development and produce innovative products as quickly as the speed of Internet allows," said C. Richard Harrison, president and CEO of PTC. "PTC's flexible engineering solutions enable manufacturers to meet market requirements and remain competitive in the new economy. This follow up order from SHARP CORPORATION proves that this company has found a way to get the productivity gains and increased competitive advantage it needs."
About PTC's Pro/ENGINEER
More than 250,000 users worldwide use PTC's flexible engineering solutions to address product development initiatives. At the heart of these solutions is PTC's Pro/ENGINEER product and manufacturing design system, which now features next generation behavioral modeling technology that captures engineering knowledge and allows designers to innovate new products more rapidly and effectively.
PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age. These B2B e-commerce solutions employ powerful Web-based collaboration and flexible engineering technologies to streamline product development and delivery processes. PTC's software solutions are complemented by the strength and experience of PTC Global Services, which provides training, consulting, support, and e-commerce services to customers worldwide. With PTC's CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. 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 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 PTC'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.
PTC, Pro/ENGINEER, and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. Names of products from other vendors mentioned in this document may be trademarks or registered trademarks of their respective owners.