China Aero-Instrument Deploys Windchill(R) Solutions to Standardize Key Business Processes

PTC (Nasdaq: PMTC), the Product Development Company®, today announced that Chengdu Aero-Instrument Co., Ltd (CAIC), a leading China-based aviation equipment manufacturer, has adopted PTC Windchill as the central component of its collaborative product development system. The Windchill-based system will help CAIC unify disparate technology systems while improving decision making and driving business improvements for key processes such as project management and manufacturing process management. CAIC expects Windchill to play a significant role in helping the company achieve faster and more responsive design, testing, and manufacturing. CAIC’s long-term strategy, "E-CAIC,” began by eliminating manual processes associated with its design, manufacturing, and management processes through targeted IT investments, process reengineering, and enhanced R&D capacity. The explosive growth of digital information and increased reliance on geographically dispersed team members has highlighted CAIC’s process inefficiencies. After two years of comprehensive analysis, CAIC’s product data management (PDM) group selected Windchill because of its integral database, consistent user experience, and interoperability with other applications. With Windchill, CAIC now has a single data management platform based on a complete, unified product structure inclusive of all associated product development content. Employees are able to easily access necessary data while sharing content and knowledge in a secure, protected environment. Additionally, all product development processes will be managed by Windchill PDMLink®, effectively integrating all R&D processes related to product development. With Windchill, CAIC has gained standardized project definition, implementation and control activities, while shedding repetitive design steps and product development costs. "We consider production innovation the blood of sustainable development, and product development processes the life of our company,” said Zhu Jiansheng, president and general manager, CIAC. "Windchill has proven to be a successful solution in product digital definition, R&D automation, and Web-based collaboration.” "As a leading manufacturer of aviation products, CAIC has achieved remarkable results from the digitization of their product development processes. CAIC thoroughly understands and appreciates the value derived from consistent, standardized, and optimized processes,” said Richard Prince, director, vertical market strategy for aerospace and defense, PTC. "PTC is committed to supporting the realization of the E-CAIC vision and the application of best class solutions for R&D, project management, and secure collaboration.” About Chengdu Aero-Instrument Co., Ltd Chengdu Aero-Instrument Co., Ltd, a major aerospace equipment company, as well as the manufacturing and R&D base for aviation atmosphere data system, aviation instrument and aviation equipment and sensors. Its technical strengths mainly lie in the design, manufacturing and test of electronic products, precise calibration technique, special welding and manufacturing of parts. CAIC is equipped with first-class facilities, scientific management systems and broad expertise. Its civil products are widely applied in petrol, chemicals, metallurgy, pharmacy, steel and automobiles industry. The company has worked closely with a number of well-known enterprises in USA, UK, Germany and Russia. Its products are used in Boeing, Airbus and aerospace products. For more information, please visit http://www.caic-china.com About PTC Solutions for Aerospace and Defense PTC provides product lifecycle management solutions designed to meet the requirements of the global aerospace and defense industry. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure and collaborative product development. PTC is an industry leader with all of the top 20 A&D companies as its customers. About PTC PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is listed in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com. 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 technologies necessary to offer integrated PLM solutions that address the evolving product lifecycle management functions for the aerospace and defense industry, including the ability to be deployable across extended supply and customer chains and to satisfy the data management and security needs of these customers; the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet customer requirements; and the success of PTC’s customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, 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 deployment of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. PTC and its logo, The Product Development Company, Windchill, Windchill PDMLink 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.