Agreement calls for Pro/ENGINEER Wildfire, Maintenance and Upgrades
NEEDHAM, Mass., Dec. 17 /PRNewswire-FirstCall/-- PTC (Nasdaq: PMTC), the
product development company(TM), today announced that the U.S. Department of
Energy's National Nuclear Security Administration (NNSA) is moving to PTC's
new Pro/ENGINEER Wildfire and upgrading and expanding use of the solution as
part of a $10 million, three-and-a-half-year agreement signed in September
2003.
The NNSA is responsible for certifying the safety and predictable
performance of the US stockpile of existing nuclear weapons. The NNSA applies
continuously improving scientific, engineering and manufacturing methods to
secure the safety and predictability and extend the life of the existing
nuclear stockpile. PTC's software is directly applied to the management of
that mission.
The NNSA employs approximately 35,000 people at several facilities
nationwide, all of which are using PTC solutions. Participating NNSA sites
include Lawrence Livermore National Laboratory, Sandia National Laboratory,
Los Alamos National Laboratory, the Kansas City Plant, the Pantex Plant, and
the Y-12 National Security Complex. Other DOE facilities participating in the
agreement include the Oak Ridge National Laboratory, the Idaho National
Engineering and Environmental Laboratory, and the Princeton Plasma Physics
Laboratory.
"We have been working with NNSA for 12 years and this new purchase is a
direct reflection of the organization's satisfaction with our partnership,
excitement regarding our Pro/ENGINEER Wildfire release and our Product
Development System (PDS) initiatives and confidence in PTC's continuing
ability to meet their needs," said PTC Executive Vice President of Sales Paul
Cunningham.
About NNSA
NNSA is a semi-autonomous agency of the Department of Energy. It enhances
U.S. national security through the military application of nuclear energy,
maintains the U.S. nuclear weapons stockpile, promotes international nuclear
nonproliferation and safety, reduces global danger from weapons of mass
destruction, provides the U.S. Navy with safe and effective nuclear
propulsion, and oversees its national laboratories to maintain U.S. leadership
in science and technology. Further information on NNSA is available at
http://www.nnsa.doe.gov.
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
Meredith Mendola
781-370-6151
mmendola@ptc.com
Press Contact
Joe Gavaghan
781-370-5074
jgavaghan@ptc.com
SOURCE PTC
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Related links:
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
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