NEEDHAM, Mass. and CLEVELAND, Nov. 14 /PRNewswire-FirstCall/ -- PTC
(Nasdaq: PMTC), today announced that Pro/ENGINEER Wildfire, a breakthrough
version of its industry-leading product design and development software, was
named as a winner in INDUSTRYWEEK's 11th annual Technology and Innovation
Awards Program. The editors of the leading manufacturing management magazine
have selected Pro/ENGINEER Wildfire as one of the five Technologies of the
Year for 2003. A complete list of the winners and a profile of each winning
technology will be featured in INDUSTRYWEEK's December 2003 issue, and at
http://www.industryweek.com (beginning November 14).
This award marks the second time that PTC has received an award for
"Technology of the Year," as Pro/ENGINEER won in 1993, the first year of the
Awards program. Since its introduction in February 2003, Pro/ENGINEER Wildfire
has been embraced and adopted by new and existing customers alike for its no
compromises approach to delivering a simple, powerful, and connected
application for design and engineering.
To select the winners, INDUSTRYWEEK editors solicit reader nominations for
a judging process, designed to recognize outstanding achievement in
technology. To be eligible, candidate technologies must relate in a
significant way to accomplishments and achievements in the current year.
"We're proud to showcase technologies that significantly improve the way
in which companies develop and manufacture their products," said Patricia
Panchak, editor-in-chief of INDUSTRYWEEK. "Pro/ENGINEER Wildfire is a
technology that clearly helps manufacturers connect their product development
to strategic business goals, and we're pleased to reward PTC for its efforts."
Winners of INDUSTRYWEEK's Technology and Innovation Awards span the entire
range of science and engineering. The editors seek developments that show
great potential for re-directing business opportunities and creating new
growth in the manufacturing world. Represented among the winners are software
and hardware solutions for manufacturing, new computer-aided systems for
management decision-making, R&D developments with the potential for creating
new industries, and commercial products that represent bellwethers for
fundamental change.
"Our goal has always been to help manufacturers develop successful
products by providing them with the technology that fosters innovation and
growth," said James Heppelmann, Chief Product Officer and Executive Vice
President. "We're honored that Pro/ENGINEER Wildfire has been recognized by
INDUSTRYWEEK for its ability to help companies accomplish these goals."
About INDUSTRYWEEK
INDUSTRYWEEK, published by Penton Media, Inc., is the only magazine
dedicated to covering the complexities of managing a manufacturing company in
today's new economy. Now in its 33rd year, IW has an audience of 200,000
subscribers. Copies of IW can be ordered through Hallmark customer service at
847-747-7476 or email your request to industryweek@halldata.com
About Penton Media
Penton Media (OCT Bulletin Board: PTON, http://www.penton.com) is a diversified
business-to-business media company that produces market-focused magazines,
trade shows and conferences, and online media. Penton's integrated media
portfolio serves the following industries: aviation; design/engineering;
electronics; food/retail; government/compliance; Internet/information
technology; leisure/hospitality; manufacturing; mechanical
systems/construction; natural products and supply chain.
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: PTC's successful
development and integration of the technology necessary to offer integrated
PLM solutions that adequately respond to the evolving customer requirements;
the success of our Windchill - Pro/ENGINEER integrated solutions strategy
initiatives; and the effects of a weakening economy which may impact the
overall demand for software and related services, 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 from such order or the level of revenue for any particular period.
PTC and its logo, The product Development Company, Pro/ENGINEER, Wildfire,
Behavioral Modeling, Pro/INTRALINK, Windchill ProjectLink, PTC Precision, 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.
Public Relations Contact
Joe Gavaghan Patricia Panchak, Editor-in-Chief
781-370-5074 INDUSTRYWEEK
jgavaghan@ptc.com 216-931-9887
ppanchak@industryweek.com
Investor Contact
Meredith Mendola
781-370-6151
mmendola@ptc.com
SOURCE PTC
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Related links:
http://www.ptc.com
http://www.penton.com
CONTACT:
Public Relations, Joe Gavaghan of PTC,
+1-781-370-5074, jgavaghan@ptc.com; or Patricia Panchak,
Editor-in-Chief of INDUSTRYWEEK, +1-216-931-9887,
ppanchak@industryweek.com; or Investor, Meredith Mendola,
+1-781-370-6151, mmendola@ptc.com
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