Phase PLM Adoption Project Advances Strategic Process Improvement Initiatives in Powertrain Division NEEDHAM, Mass.--(BUSINESS WIRE)--June 11, 2007 PTC (Nasdaq:PMTC), the Product Development Company(R), today announced that Toyota Motor Corporation has deployed Windchill PDMLink 8.0, PTC's Product Lifecycle Management (PLM) solution, as part of a strategic process improvement initiative for its Powertrain Division. This initiative is aligned with Toyota's goal to improve the product development processes that lead to quality improvement, productivity gains and a reduction in powertrain development time. The deployment of Windchill PDMLink is one of the achievements of a multi-year joint development project PTC and Toyota began in 2002. The objective of this project is to improve the product development processes. Accordingly, PTC and Toyota worked together to carry out analysis for process improvements and then determined which technology should be adopted to achieve the targeted results. Ultimately, Toyota envisions Windchill providing the foundation for engineering data management for its powertrain division. Toyota's decision to deploy Windchill is based upon the success that they have achieved in design cycle time reduction and process improvements for modeling and simulation with Pro/ENGINEER(R), PTC's advanced 3D CAD software. By introducing PTC's PLM technology into the areas of data management and collaboration, Toyota hopes to further its continuous improvement of established process and leadership for quality and technical innovation across its global power-train organization. "The partnership we have with Toyota is succeeding because of our joint commitment to develop technology solutions that are focused on providing process improvements that have tangible impact on Toyota's ability to decrease its development costs and development times," said Richard Harrison, president and CEO, PTC. "We are extremely pleased that this mutually beneficial relationship has already delivered improvements to Toyota's operations." About PTC Solutions for 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 enterprise solutions such as 3D design, product data management and collaboration solutions to over 1400 automotive manufacturers including 8 of the top ten powertrain suppliers and 3 of the top 5 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. These include: the success of our initiatives to provide a robust and easily deployable solution for the exchange of product and complementary manufacturing and supply chain-related information between our Windchill PLM solutions and other enterprise systems; the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including development, implementation and support) with technology partners in order to efficiently and cost effectively deliver products and services that meet our customer's data exchange requirements, and the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, 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 deployment of PTC software is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. PTC, the PTC logo, The Product Development Company, Pro/ENGINEER, Windchill, Windchill ProjectLink and Windchill PDM Link are trademarks or registered trademarks of Parametric Technology Corporation. CONTACT: PTC Corporate Communications Nicole Rowe, 781-370-6369 email@example.com or For PTC Weber Shandwick Amanda Keane, 617-520-7260 firstname.lastname@example.org
Toyota Deploys PTC(R) Windchill(R) PDMLink(R) As Part Of Multi
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