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 advantage." "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 www.federal-mogul.com. 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. CONTACT: PTC Corporate Communications Nicole Rowe, 781-370-6369 firstname.lastname@example.org or For PTC Weber Shandwick Amanda Keane, 617-520-7260 email@example.com
Federal-Mogul Standardizes On PTC Windchill(R) To Achieve
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