Okuma America Corporation Selects PTC CoCreate to Design CNC

  Okuma America Corporation Selects PTC CoCreate to Design CNC Machinery for
  Growing American Market

 CoCreate Explicit 3D CAD Modeling Software Enables Okuma to Quickly Develop
      Adaptable Designs to Address Country-Specific Market Requirements

Business Wire

NEEDHAM, Mass. -- February 18, 2009

PTC® (Nasdaq: PMTC), The Product Development Company®, today announced that
Okuma America Corporation, the US-based affiliate of Okuma Corporation and a
world leader in the development of computer numeric controls (CNC) and
machining technology, has selected PTC CoCreate® to design CNC machinery
adaptations within their standard CNC product lines for North and South
American markets. CoCreate is the explicit 3D CAD modeling and data management
software that provides companies with a lightweight and flexible approach to
designing products.

For manufacturers delivering products to a worldwide market, the challenges
can be countless. For complex products, especially ones that are customized to
meet localized needs, the barriers to success are even greater. Okuma America
is one such manufacturer. With its parent company based in Japan, the majority
of the product designs Okuma produces regularly require customization for
application and use in the North and South American markets that Okuma serves.
Its geographically distributed design teams need the ability to quickly
develop unique and regionally appropriate customer designs that involve
constant change across its variety of regional customer bases. Okuma America
wanted a 3D CAD solution that would deliver a complete product design
environment that would be flexible and easily adaptable for its
design-to-order and custom product lines.

Okuma’s US-based design team in Charlotte, NC uses PTC CoCreate to construct
and adapt its existing product designs for these markets—custom designs that
offer fast-on-the-fly interactions with geometry. Each month, the Charlotte
team receives machines containing 2,000 to 10,000 components that require
specific customization for these mixed American markets. By utilizing CoCreate
explicit 3D modeling to adapt their existing product line, Okuma is able to
satisfy the uniquely specialized customer requirements.

“Okuma America product engineers work in a global design environment and
experience the constant pressure of needing to reduce design cycles of custom
Okuma products in order to remain competitive,” said Marc von Amsberg, senior
mechanical engineer, Okuma America. “PTC CoCreate explicit design software
gives Okuma America engineers the flexibility to address that challenge.”

Explicit 3D CAD systems like CoCreate enable the import and adaptation of
multi-source CAD data. This is a major benefit to companies working across an
extended supply chain for procured components or subcontracted design, saving
time, money and offering immediate benefits to both customer and manufacturer
alike. For Okuma America, the CoCreate explicit approach to design offers a
comprehensive method of product development tools that translate into speed,
flexibility and responsiveness to change. Engineers are able to deliver fully
customized products to customers fast—addressing and solving sudden
complications that can often arise out of custom product design.

“PTC CoCreate provides speed, flexibility, and responsiveness-to-change for
customers facing short design cycles, one-off product designs, or companies
demanding a lightweight design process,” said Martin Neumueller, director
product management, CoCreate product, PTC. “The CoCreate explicit approach to
3D CAD software design delivers faster design cycles and flexibility to
organizations like Okuma America.”

About Okuma America Corporation

Okuma America Corporation is the US-based affiliate of Okuma Corporation, a
world leader in the development of computer numeric controls (CNC) and
machining technology. Machines include vertical and horizontal machining
centers, lathes, double column machining centers, grinders, and wheel machines
that offer customers high throughput, accuracy, and reliable solutions to
production machining operations. Okuma has entered into a partnership
agreement with the National Hot Rod Association and has been named Official
Machine Tool of the NHRA. This partnership is part of Okuma's High Performance
Motorsports Industry program. For a full description of Okuma’s products,
please visit: http://www.okuma.com.

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services
to meet the globalization, time-to-market and operational efficiency
objectives of product development. Using the company’s CAD, and content and
process management solutions, organizations in the Industrial, High-Tech,
Aerospace and Defense, Automotive, Consumer and Medical industries are able to
support key business objectives and create innovative products that meet both
customer needs and comply with industry regulations. 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 risks and uncertainties include: PTC's successful
continued development of the technologies necessary to offer explicit modeling
solutions as part of its evolving product lifecycle management (PLM) solutions
suite; the ability of PTC to successfully partner and effectively coordinate
and manage joint activities (including development, marketing, implementation
and support) with third parties in order to efficiently and cost effectively
deliver multiple classes of PLM products and services that meet customer
requirements, our ability to effectively utilize our resources to support
multiple PLM product suites while maintaining recurring operations at
satisfactory levels to achieve our operating margin goals, the possibility
that current economic conditions could cause our customers to reduce or forego
investment in our solutions and/or could negatively impact our ability to
collect receivables due from our customers, either of which would negatively
impact our cash from operations and thereby reduce amounts available to invest
in our business initiatives, 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 selection of PTC products is not
necessarily indicative of the timing of recognition of revenue therefrom or
the level of revenue for any particular period.

PTC and its logo, The Product Development Company, CoCreate, CoCreate
Modeling, CoCreate Model Manager 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.


Nicole Rowe, 781-370-6369
Corporate Communications
Weber Shandwick
Amanda Keane, 617-520-7260
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