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
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
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