PDS Seen as Key to Increasing Productivity and Innovation in Expanded Product
Development Efforts
NEEDHAM, Mass., Feb. 04 /PRNewswire-FirstCall/ -- PTC (Nasdaq: PMTC), the
product development company(TM), today announced that Xyron, a global
manufacturer of supplies for the office, school and craft markets, and its
sister company, X Product Development (XPD), a leading design and innovation
firm, have collaboratively purchased PTC's Product Development System solution
to increase product design efficiency and innovation. The agreement was
completed in PTC's first quarter of fiscal 2004 ended January 3, 2004.
Xyron and XPD, which maintain manufacturing, sales and distribution
locations in California, Texas, Denmark, United Kingdom, China and Tokyo,
purchased Windchill ProjectLink(TM) and Windchill PDMLink(TM) with related
training and support services. Both companies, recently acquired by Esselte,
the leading global office supplies manufacturer, have consequently, been
called on to support product development activities for a portfolio that is
more than 20 times that of Xyron's original product line -- with the same
amount of resources.
"X Product Development is all about running flat out to drive innovative
products to market fast," says David Aitchison, Director of Product
Development at XPD. "That takes good people and good communication with
everyone from marketing to manufacturing looking at the same page. The
Product Development System from PTC gives us the collaboration and control we
need to keep up the pace."
"We are delighted with the benefits that Xyron is realizing from our
solutions," said Paul Cunningham, EVP of Worldwide Sales for PTC. "The
company's product development process validates our Product First approach and
the Product Development System."
About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that
help manufacturers win with superior products. PTC is the world's largest
software company with a total commitment to product development and product
lifecycle management (PLM). The company services more than 35,000 customers
worldwide. Further information on PTC is available at
http://www.ptc.com/go/pr or call 1-888-782-3776, ext. 901.
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 the acceptance of
Pro/ENGINEER Wildfire and our Windchill Link Solutions, both as stand-alone
products and as an integrated product development system 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 order
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, Product First,
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.
About Xyron
Xyron's innovative products make creative expression easier, offering
superior tools and solutions for creative endeavors. Founded on unique,
proprietary technologies, Xyron products are quick and easy to use; perfect
for transforming printer and other creative output into works of art.
Xyron's ability to re-invent stalling categories, and bring disruptive,
game-changing products to market, has brought otherwise complicated
"industrial" processes to the desktop, empowering the end-user and improving
productivity
About Esselte
Esselte is the leading global office supplies manufacturer with annual
sales of approximately USD 1.2 billion, subsidiaries in 26 countries and 5,900
employees worldwide. The company develops innovative solutions that simplify
the modern home and workplace. Esselte sells more than 30,000 different
office products in over 120 countries and its principal brands include DYMO,
Esselte, Leitz, Oxford, Pendaflex and Xyron. Esselte was founded in 1913 as
SLT (Sveriges Litografiska Tryckeri) after the union of 13 Swedish graphics
related companies. More information about Esselte can be found by visiting
http://www.esselte.com.
Investor Contact Press Contact
Meredith Mendola Joe Gavaghan
781-370-6151 781-370-5074
mmendola@ptc.com jgavaghan@ptc.com
SOURCE PTC
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Related links:
http://www.esselte.com
http://www.ptc.com
CONTACT:
Investor Contact, Meredith Mendola,
+1-781-370-6151, mmendola@ptc.com, Press Contact, Joe Gavaghan,
+1-781-370-5074, jgavaghan@ptc.com, both of PTC
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