Federal-Mogul Standardizes On PTC Windchill(R) To Achieve

Strategic Business Initiatives 
PTC(R) Product Development System Delivers Powerful data
 management and collaboration capabilities drive process efficiencies 
NEEDHAM, Mass.--(BUSINESS WIRE)--January 29, 2007
PTC (NASDAQ: PMTC), the Product Development Company(R) today
announced that Federal-Mogul Corporation, a global supplier of
automotive components, systems and modules for original equipment
manufacturers and the aftermarket, has adopted Windchill PDMLink(R)
and Windchill ProjectLink(TM) for strategic product lifecycle
management (PLM). Windchill, the PTC content and process management
solution, enables collaborative product development while helping
companies control data and processes. As a long-time user of PTC's
Pro/ENGINEER(R), the selection of Windchill extends Federal-Mogul's
existing relationship with PTC and enables them to realize the value
from an integral product development system. 
Driven by increasing customer requirements, a globally distributed
supply chain, and a focus on improving the quality of project
launches, Federal-Mogul required a PLM solution that would enable it
to accelerate time-to-market without compromising quality and
innovation. Additionally, the company required a solution that would
allow it to centralize internal applications on a single system while
providing the flexibility to support the heterogeneous CAD
environments of its automotive OEM customers. 
With the selection of Windchill, Federal-Mogul decided to
standardize on the PTC Product Development System to address these
challenges and support its strategic business initiatives for product
quality, time-to-market, and innovation. "Federal-Mogul is growing on
a global basis and the need for strong internal and customer
collaboration grows with it. By adopting Windchill as a common
software platform capable of integrating with the range of product
design systems used by our customers, we will be able to harmonize our
internal processes and adopt best practice while retaining the
flexibility to meet all our customers' needs," said Huw Pegler,
Engineering IS Director, Federal-Mogul. "By strengthening our program
management processes using PTC's Windchill, we expect to achieve
significant performance improvements in our product development
process, resulting in faster time-to-market and increased competitive
"Optimizing product development processes in a globally
distributed environment is a common challenge for today's
manufacturing companies," said Martin Walters, director, product and
market strategy, PTC. "Windchill provides a superior solution for
managing complex data in this environment and enables effective
collaboration, allowing companies like Federal-Mogul to reap tangible
benefits from their technology investment." 
About Federal-Mogul 
Federal-Mogul Corporation is a leading global supplier, serving
the world's foremost original equipment manufacturers of automotive,
light commercial, heavy-duty, agricultural, marine, rail, off-road and
industrial vehicles, as well as the worldwide aftermarket. The
Company's leading technology and innovation, lean manufacturing
expertise, as well as marketing and distribution deliver world-class
products, brands and services with quality excellence at a competitive
cost. Federal-Mogul is focused on its global profitable growth
strategy, creating value and satisfaction for its customers, employees
and stakeholders. Federal-Mogul was founded in Detroit in 1899. The
Company is headquartered in Southfield, Michigan, and employs 45,000
people in 35 countries. Visit the company's Web site at
About PTC Solutions for the Automotive Industry 
PTC solutions for automotive are designed to meet the product
design and product life cycle management needs of both OEMs and
suppliers in the automotive industry. PTC provides 3D design, product
data management and collaboration solutions to over 1,400 automotive
manufacturers including eight of the top 10 suppliers and three of the
top five OEMs. 
About PTC 
PTC (Nasdaq: PMTC) provides leading product lifecycle management
(PLM), content management and dynamic publishing solutions to more
than 40,000 companies worldwide. PTC customers include the world's
most innovative companies in manufacturing, publishing, services,
government and life sciences industries. PTC is included in the S&P
Midcap 400 and Russell 2000 indices. For more information on PTC,
please visit 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. Such risks
include PTC's ability to anticipate and adequately respond to evolving
customer requirements; to successfully develop, integrate and support
the technology necessary to deliver products and services suitable for
customers with a diversified and expanded user base in heterogeneous
and geographically disperse environments; to develop the technologies
necessary to deliver products and services that allow customers to
implement an integrated and comprehensive product development system
across an extended enterprise; and the success of PTC's customer
satisfaction initiatives in providing the foundation for long-term
relationships and repeat business, as well as those that are detailed
from time to time in reports filed by PTC with the U.S. Securities and
Exchange Commission, including PTC's most recent reports on Form 10-K
and 10-Q. The announcement of any particular selection of PTC products
is not necessarily indicative of the timing of recognition of revenue
from such order or the level of revenue for any particular period. 
PTC and its logo, The Product Development Company, Pro/ENGINEER,
Wildfire, Windchill, Windchill ProjectLink, Windchill PDMLink 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. 
Corporate Communications
Nicole Rowe, 781-370-6369
Weber Shandwick
Amanda Keane, 617-520-7260
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