PTC Pro/ENGINEER(R) Wildfire(TM) New Features Enable Fold-a-Cover to Seize Market Opportunity

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PTC Pro/ENGINEER(R) Wildfire(TM) New Features Enable Fold-a-Cover to Seize Market Opportunity
    NEEDHAM, Mass., Nov. 5 /PRNewswire-FirstCall/ -- PTC (Nasdaq: PMTC), the
product development company(TM), today announced that FoldaCover, a major
manufacturer of truck-bed protection and storage systems, has purchased its
new Pro/ENGINEER Wildfire Foundation Advantage package to design a new type of
pickup truck cover for a major auto manufacturer.
    Fold-a-Cover, a division of Steffens Enterprises, Inc., makes the market's
only hard truck cover designed to provide total access as well as security for
all major types of pick-up truck. The unique, four-fold design allows for
opening one or more panels, or stacking all four to open the entire bed
without obscuring the driver's rear view. The cover is lockable with access
from the first or forth panel for front or rear loading. The durable aluminum
and stainless steel covers are available for most domestic and imported trucks
and are aerodynamically designed to improve gas mileage.
    "Our company has a major opportunity to develop a new type of cover for a
major manufacturer," said Fold-a-Cover design engineer Craig Mulder. "One of
our competitors had the job but failed to deliver so Fold-a-Cover got the
assignment. Given that the project is behind schedule, our customer has given
us challenging deadlines to complete the project.  Pro/ENGINEER Wildfire will
be crucial to our success in designing and manufacturing the new cover."
    In selecting Pro/ENGINEER Wildfire, Fold-a-Cover also evaluated Solidworks
and Autodesk Inventor offerings but found Pro/ENGINEER Wildfire superior for
surface modeling, sheetmetal applications and finite element analysis (FEA).
"Having all the applications we need built natively in Pro/ENGINEER was a key
factor to our decision.  I can't imagine doing what we are doing with anything
other than Pro/ENGINEER," Mulder concluded.
    "Once again, Pro/ENGINEER Wildfire demonstrates its ability to make
customers productive quickly and comprehensively," said PTC senior vice
president Brian Shepherd. "Time and time again, we see instances where our
competitors cannot even complete the tasks that Pro/ENGINEER accomplishes with
ease."
    To learn more about PTC's Pro/ENGINEER Wildfire, please go to
http://www.ptc.com/products/proe/wildfire/index.htm.

    About PTC
    PTC 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 35,000 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 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, Create
Collaborate Control, Simple Powerful Connected, Pro/ENGINEER, Wildfire,
Windchill, 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.

    Investor Contact        Press Contact
     Meredith Mendola       Joe Gavaghan
     781-370-6151           781-370-5074
     mmendola@ptc.com       jgavaghan@ptc.com
SOURCE PTC
http://www.ptc.com
CONTACT:
Investor Contact, Meredith Mendola,
+1-781-370-6151, mmendola@ptc.com, or Press Contact, Joe
Gavaghan, +1-781-370-5074, jgavaghan@ptc.com