NEEDHAM, Mass., Dec. 16 /PRNewswire-FirstCall/ -- PTC (Nasdaq: PMTC) today
announced that General Atomics, one of the world's leading resources for
high-technology systems development specializing in diversified R&D in
defense, energy and other advanced technologies, has signed a $1.4 million
agreement with PTC. The agreement was completed in PTC's Fiscal 2003 fourth
quarter ended September 30, 2003.
The agreement, involving General Atomics and several of its affiliated
companies, including General Atomics Aeronautical Systems Inc. and General
Atomics Electronic Systems Inc., provides for upgrading all Pro/ENGINEER seats
to the new Flex3C Package as well as the purchase of new Flex3C seats and
Windchill seats. General Atomics also purchased additional Pro/ENGINEER
modules including Pro/MECHANICA(R) and Pro/MANUFACTURING(TM).
"The successes we have achieved with PTC solutions prompted us to
standardize on Pro/ENGINEER," said John Rawls, Vice President, New Product
Development at General Atomics. "As our business expands and we increase the
number of designers and engineers on our projects, the collaborative
capabilities of Pro/ENGINEER Wildfire will be a key factor in supporting our
General Atomics' purchase was aided by the fact that the its engineering
group program managers were very impressed with Windchill ProjectLink(TM), and
the breadth of modules provided in the Flex3C Package. They also cited the
ability of Windchill to manage every stage of program development as a key
"Windchill allows us to give our customers, including the U.S. Navy,
access to projects and the opportunity to provide input on key areas and at
key points throughout the lifecycle of the program," said John Rawls.
"General Atomics is a great example of how PTC's Product Development
System can easily meet the ongoing needs of our customers," said Paul
Cunningham, SVP of Sales for PTC. "It is helping to drive their business
growth and success and we are delighted to be a part of that success."
About General Atomics
General Atomics, founded in 1955, specializes in diversified research,
development, and manufacturing in defense, energy, and other advanced
technologies. It is privately held. For more information about General Atomics
and its sister companies, visit the company website at http://www.ga.com.
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 ability to
effectively deliver products and services across an expanded user base, the
acceptance of Pro/ENGINEER Wildfire and our Windchill Link Solutions, our
ability to migrate our customer base to an integrated product development
system 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 sales order 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,
Windchill, Windchill ProjectLink, MECHANICA 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.
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