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Business Week Names PTC Third-Highest In-Kind Giver Among American Corporations

       Recognition Marks Third Corporate Citizenship Award in One Week

    NEEDHAM, Mass., Dec. 1 /PRNewswire/ -- Business Week magazine has named
PTC, the product development company, the third most generous in-kind giver
among American corporations in recognition of its software donations to help
students achieve technological literacy.
    The Dec. 1 edition of Business Week, the annual philanthropy issue, for
the first time highlights corporate philanthropy as well as individual
philanthropy. In a ranking of corporations' gifts as a share of revenues, PTC
placed third in the in-kind category with software donations conservatively
valued at $9.6 million, or 1.294 % of its 2002 revenues. Only the
pharmaceutical companies Eli Lilly and Pfizer surpassed PTC's generosity,
according to Business Week.
    "Young people today must understand technology to have productive
careers," said John Stuart, senior vice president of partners and education at
PTC. "We give 3D design software to schools to help educators prepare students
to live and work with technology. This indirectly benefits our customers, as
well, because it captures students' imaginations and inspires them to pursue
engineering careers."
    PTC, a product development software company, began donating its easy-to-
use PTC software to middle and high schools in 1999. Today, more than 10,000
teachers all over the world have been trained to teach with PTC, and more than
3 million students have used it in project-based courses that allow them to
experience the engineering design process. PTC software is used in teaching
core subjects in the national curricula of the United Kingdom and Thailand, as
well as in school districts in Australia, Canada, China, Hong Kong, India,
Japan, New Zealand, Singapore, Taiwan and the United States.
    In addition to the Business Week recognition, PTC this week received a
TechCitizenship Award from Mass High Tech and a Corporate Citizenship Award
from the Boston Business Journal. Both are regional business newspapers.
    For more information about PTC's Design & Technology in Schools Program,
go to http://www.ptc.com/go/schools.

    Contact:   Margaret Pantridge
               PTC Public Relations
               781-370-5079
               mpantridge@ptc.com

               Joe Gavaghan
               PTC Public Relations
               781-370-5074
               jgavaghan@ptc.com


SOURCE PTC




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Related links:
  • http://www.ptc.com
    CONTACT:
    Margaret Pantridge, +1-781-370-5079,
    mpantridge@ptc.com; or Joe Gavaghan, +1-781-370-5074,
    jgavaghan@ptc.com, both of PTC Public Relations