Component Manufacturing PTC's Pro/ENGINEER Cuts Mold Design Time by 75% WALTHAM, Mass., Nov. 3 /PRNewswire/ -- PTC (Nasdaq: PMTC), a leading provider of mechanical computer-aided design (MCAD) solutions, today announced that it has received a $1 million order from Hon Hai Precision Component Manufacturing. The software was shipped during PTC's first fiscal quarter (ending December 30, 2000). (Photo: http://www.newscom.com/cgi-bin/prnh/20000821/NEM002LOGO ) Hon Hai, which operates in the U.S. as Foxconn Electronics, Inc., manufactures computer peripherals for customers including Compaq, Dell, Apple, Intel, and Cisco. Among PTC's largest mold design customers worldwide, Hon Hai plans to expand the use of PTC engineering solutions throughout various departments over the next 12 months. With the current deployment of PTC's Pro/ENGINEER, Hon Hai had experienced a significant reduction in mold design time from their previous 20-day period to just 5 days, a reduction of 75%. "Today's manufacturers demand leading-edge technologies behind-the-scenes, like PTC's engineering solutions, to help them deliver products in the fastest, most efficient way possible," said Trenton Brown, executive vice president, International Sales at PTC. "This is where PTC excels. As a valued customer, Hon Hai already recognizes these tremendous benefits and we are very pleased to offer additional software products and services to support to their growing business needs." About PTC's Engineering Solutions The PTC i-Series of flexible engineering solutions, based on PTC's award winning Pro/ENGINEER software and the practices of PTC Global Services, is a group of design and engineering solutions focused at addressing collaborative product commerce engineering initiatives. These solutions are relied on daily by more than 250,000 users to drive their worldwide product development and engineering functions. The solutions use unique approaches with many patent-pending and award-winning technologies such as Pro/ENGINEER behavioral modeling that captures engineering knowledge and allows designers to innovate new products more rapidly and effectively. The PTC i-Series of flexible engineering solutions, underpinned by PTC's Windchill software, also feature Pro/MECHANICA, DIVISION, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS 5i, and MEDUSA. About PTC PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), develops, markets, and supports product development solutions for collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve 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. PTC can be reached at 781-398-5000, or via the Web at http://www.ptc.com. 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. 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, Windchill, Pro/MECHANICA, DIVISION, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS, MEDUSA, 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. Investor Relations Contact: Public Relations Contact: John G. Mokas Rhonda J. Morgan (781) 398-5561 (651) 765-3065 email@example.com firstname.lastname@example.org SOURCE PTC -0- 11/03/2000 /CONTACT: John G. Mokas, 781-398-5561, or email@example.com, or media, Rhonda J. Morgan, 651-765-3065, or firstname.lastname@example.org, both of PTC/ /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000821/NEM002LOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 201-369-3467/ /Company News On-Call: http://www.prnewswire.com/comp/152380.html or fax, 800-758-5804, ext. 152380/ /Web site: http://www.ptc.com/ (PMTC) CO: PTC; Hon Hai Precision Component Manufacturing; Foxconn Electronics, Inc. ST: Massachusetts, China IN: CPR MLM SU: -0- Nov/03/2000 13:02 GMT
PTC Receives $1 Million Follow-On Order From Hon Hai Precision
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