Volvo Group Selects PTC as Strategic Partner for Future PLM Solutions

NEEDHAM, Mass.--(Business Wire)--
PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Volvo
Group, one of the world's leading manufacturers of trucks, buses and
construction equipment, drive systems for marine and industrial applications,
aerospace components and services, has, in a directional decision, selected PTC
as a strategic partner for the Volvo Group PLM solution.

"Our Windchill solution is a key strategic enabler for product development and
manufacturing processes. By creating an environment that fosters internal,
external and group-wide collaboration, PTC can help companies to drive
competitive advantage," said C. Richard Harrison, chairman and CEO, PTC.

"We know that the selection of a single strategic partner for such an important
PLM solution is not an easy decision. Volvo Group has performed a comprehensive
and extensive selection process and benchmark of leading PLM vendors and
solutions. We are very satisfied that PTC in the end came up with the most
convincing solution that best serves Volvo Group`s business needs. This
selection underscores PTC`s strength in the product development industry and we
look forward to continuing a long-term strategic partnership with the Volvo
Group," said James Heppelmann, president and chief operating officer, PTC.

About PTC Solutions for the Automotive Industry

PTC`s automotive design software tools enable effective automobile design and
development in a heterogeneous environment and facilitate design and part reuse.
Our automotive design software and collaboration tools make it easy to bring
geographically dispersed design teams and production facilities together to
dramatically reduce cycle times. Additionally, our dynamic publishing tools
automate the technical publication creation process - shrinking costs and
speeding up publishing times.

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to
meet the globalization, time-to-market and operational efficiency objectives of
product development. Using PTC`s CAD, and content and process management
solutions, organizations in the Industrial, High-Tech, Aerospace and Defense,
Automotive, Consumer and Medical industries are able to support key business
objectives and create innovative products that meet both customer needs and
comply with industry regulations. For more information on PTC, please visit
http://www.ptc.com.

The announcement of any particular selection or implementation 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, 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.

PTC
Corporate Communications
Kristian Talvitie, 781-370-6151
ktalvitie@ptc.com
or
For PTC
Weber Shandwick
Amanda Keane, 617-520-7260
akeane@webershandwick.com

Copyright Business Wire 2009