PTC Extends Explicit Modeling Technology Leadership with CoCreate® 17.0

PTC® Solution Provides Simplicity of 2D with the Power of 3D to Increase Productivity up to 60%

NEEDHAM, MA. - February 22, 2010 - PTC® (Nasdaq: PMTC), the Product Development Company®, today announced CoCreate® 17.0, the next major release of its explicit modeling 3D CAD software. CoCreate , the world's first and most robust explicit modeling solution, continues to extend its market leading position by helping companies achieve short design cycles and create one-off product designs quickly. CoCreate 17.0 is scheduled to be available during Q2 CY 2010.* 

Many companies today are burdened to meet design and production goals with fewer resources than ever. Targeting this challenge, PTC delivers breakthrough productivity increases with CoCreate 17.0 by leveraging concepts and techniques familiar in 2D to make its 3D solution very easy to understand and use. 

Performance benchmarks by users around the world verified significant productivity gains with CoCreate 17.0 as compared to CoCreate 16.0:

With CoCreate 17.0, over 560 enhancements across the CoCreate family are being introduced, including interactive, intuitive ways of working with 2D profiles and 3D models:

With this launch, PTC again raises the bar for CAD interoperability. CoCreate and Pro/ENGINEER® now work together to allow companies using both tools, either themselves or through suppliers, seamless product development collaboration. 

CoCreate and Pro/ENGINEER compatibility allows:

 "When working with CoCreate 17.0, up to 90% of the time I'm using the new context sensitive mini-toolbars, and directly working on the model," said Stefan Kolb, design engineer. "That means I'm much faster, with a lot less mouse clicks and mouse travel. I very rarely use the traditional main task bars and menus anymore."

 "CoCreate Modeling 17.0 increases everyday design productivity by delivering key new capabilities for faster design," said Brian Shepherd, executive vice president of product development at PTC. "Many new capabilities were developed in cooperation with global machinery and high-tech electronics customers that rely upon the industry's leading explicit 3D CAD system for 3D product design. The majority of the concepts in CoCreate 17.0 parallel those found in the 2D CAD world, making adoption easier than ever before."

For more information about CoCreate, please visit http://www.ptc.com/products/cocreate/.

CoCreate 17.0 Availability
*The timing of any product release, including any features or functionality, is subject to change at PTC's discretion. 

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 PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & Consumer and Medical industries are able to support key business objectives and create innovative products that meet 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 ability to offer multiple design and data management solutions while providing adequate levels of support, the ability of PTC to successfully partner and effectively manage joint activities (including sales, marketing, and implementation) with third parties in order to efficiently and cost effectively deliver products and services that meet customer requirements; and our ability to effectively utilize our resources to undertake strategic corporate development initiatives while maintaining our ability to support multiple PLM product suites; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. The announcement of any launch of PTC products is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period.

PTC and its logo, The Product Development Company, Pro/ENGINEER, CoCreate and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries.