NEEDHAM, Mass., July 28 /PRNewswire-FirstCall/-- PTC (Nasdaq: PMTC), the
product development company(TM), today announced that it has signed a value-
added reseller agreement with Mallett Technology Inc., a service provider of
CAD/MCAE enterprise solutions, to provide customers MCAD solutions and
services.
Based on this agreement, Mallett Technology will provide its customers
with Pro/ENGINEER software products and complementary products, product
maintenance and technical support, thorough product training and extensive
consulting and implementation services for PTC products.
"By partnering with Mallett Technology, we will expand our presence in the
mid-Atlantic region," said Robert Kocis, senior vice president, PTC worldwide
channel sales and operations. "Mallett, an experienced and well-respected
team, will provide top-quality service and expertise to our new and existing
customers."
Keith Bolte, President, Mallett Technologies Inc. said, "With the addition
of PTC products to our portfolio, we can offer our customers state-of-the-art
design solutions to fully leverage their capabilities in today's market
place."
About Mallett Technology
For more than twenty-five years, Mallett Technology has been providing
mechanical engineering solutions in the mid-Atlantic region to help clients
achieve their business goals. The company's skilled team of engineers and
best-in-class Mechanical Computer-Aided Engineering (MCAE) products have
enabled its customers to design and deliver high-quality products that meet
market and business demands. Mallett Technology, Inc. is committed to creating
"Value Through Partnership" with customers and vendors. Further information
can be found at http://www.mallett.com.
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. The company
services more than 33,000 customers worldwide. Further information on PTC is
available at http://www.ptc.com 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 include: the success of our initiatives to
facilitate our customer's understanding of the benefits of our PLM solutions,
including return on investment and value creation; our successful development
and integration of the technology necessary to offer an integrated Product
Development System that adequately responds to evolving customer requirements;
our efforts to successfully compete in the MCAD industry by differentiating
our MCAD offerings by targeting synergies with Windchill; the success of our
partnering, distribution and customer satisfaction initiatives; the success of
our cost reduction initiatives; and the effects of a weakening economy which
may impact the overall demand for software and related services; 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.
PTC and its logo, Product First, The Product Development Company, and
Pro/ENGINEER are trademarks or registered trademarks of Parametric Technology
Corporation.
PTC Investor Contact PTC Press Contact
Meredith Mendola Joe Gavaghan
781-370-6151 781-370-5074
mmendola@ptc.com jgavaghan@ptc.com
Media Contact:
Keith G. Bolte
Mallett Technology Inc.
(610) 265-8110
SOURCE PTC
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Related links:
http://www.mallett.com
http://www.ptc.com
CONTACT:
Meredith Mendola, +1-781-370-6151,
mmendola@ptc.com, or Joe Gavaghan, +1-781-370-5074,
jgavaghan@ptc.com, both of PTC; or Keith G. Bolte of Mallett
Technology Inc., +1-610-265-8110
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