PTC Headquarters Moves to Needham

-- New Building Opening Today Includes Collaboration Center for Customer and

Partner Visits --



Apr 10, 2001, 01:00 ET from PTC

    NEEDHAM, Mass., April 10 /PRNewswire/ -- PTC (Nasdaq:   PMTC), the product
 development company, today formally opened its new headquarters with a ribbon
 cutting ceremony.  The worldwide headquarters' new building is built and owned
 by Boston Properties.  PTC, one of Massachusetts' largest locally-based
 software companies, has consolidated operations from three different Boston-
 area offices to the new complex.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000821/NEM002LOGO)
     Encased in glass, the central entrance pavilion provides access to the new
 and expanded Boston-area Collaboration Center. The new Collaboration Center
 offers conference rooms, demonstration rooms, and a theater featuring stereo-
 graphic projection.  PTC and its partners from anywhere in the world can
 request use of this and other PTC Centers to meet with customers and prospects
 to explore the reality and potential of Collaborative Product Commerce (CPC).
 All of the Centers are linked by the Intranet and supported by PTC's Virtual
 Factory, a collection of servers and applications used through industry
 focused demonstrations of a CPC-enabled product development process.  PTC's
 Collaboration Centers can be found in major manufacturing hubs around the
 world including Boston, Detroit, Munich, Tokyo, and Warwick.
     "While our new headquarters has all the high-tech amenities any leading
 software company could wish for, we are most pleased of the people-oriented
 features," said PTC President and CEO C. Richard Harrison. "Our new site has
 many services that will benefit employees, partners, and customers alike.  In
 today's tight job market, we need to be more aware than ever that people are
 our most valuable resource."
     The new 400,000 square foot facility consists of three main buildings
 along Cutler Pond in Needham.  All three buildings contain employee offices,
 workstations, conference rooms, copy centers, coffee areas (with cafe style
 seating), and "break-out" areas.  A fitness center and walking trail are also
 available to PTC employees and visitors.  Additional features include a
 courtyard, golf putting green, and a four hundred seat full-service cafeteria
 (with seasonal outdoor dining).  Company meetings and functions can be held in
 the cafeteria as well.
     The move began on December 1, 2000 with the employees from PTC's Prospect
 Hill location and was completed in March 2001.  In addition to the new Needham
 headquarters, PTC has offices in more than 30 countries worldwide.  The new
 address is 140 Kendrick Street, Needham, MA 02494.
 
     About PTC
     PTC (Nasdaq:   PMTC) develops, markets, and supports software solutions that
 help manufacturers get superior products to market before their competitors.
 PTC is the world's largest software company with a total commitment to product
 development.  The company services more than 30,000 customers worldwide.
 Further information on PTC is available at http://www.ptc.com.
     PTC 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. Names of products from other vendors
 mentioned in this document may be trademarks or registered trademarks of their
 respective owners.
 
     Media Contact:
     Roberta Carlton
     781-370-5479
 
 

SOURCE PTC
    NEEDHAM, Mass., April 10 /PRNewswire/ -- PTC (Nasdaq:   PMTC), the product
 development company, today formally opened its new headquarters with a ribbon
 cutting ceremony.  The worldwide headquarters' new building is built and owned
 by Boston Properties.  PTC, one of Massachusetts' largest locally-based
 software companies, has consolidated operations from three different Boston-
 area offices to the new complex.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000821/NEM002LOGO)
     Encased in glass, the central entrance pavilion provides access to the new
 and expanded Boston-area Collaboration Center. The new Collaboration Center
 offers conference rooms, demonstration rooms, and a theater featuring stereo-
 graphic projection.  PTC and its partners from anywhere in the world can
 request use of this and other PTC Centers to meet with customers and prospects
 to explore the reality and potential of Collaborative Product Commerce (CPC).
 All of the Centers are linked by the Intranet and supported by PTC's Virtual
 Factory, a collection of servers and applications used through industry
 focused demonstrations of a CPC-enabled product development process.  PTC's
 Collaboration Centers can be found in major manufacturing hubs around the
 world including Boston, Detroit, Munich, Tokyo, and Warwick.
     "While our new headquarters has all the high-tech amenities any leading
 software company could wish for, we are most pleased of the people-oriented
 features," said PTC President and CEO C. Richard Harrison. "Our new site has
 many services that will benefit employees, partners, and customers alike.  In
 today's tight job market, we need to be more aware than ever that people are
 our most valuable resource."
     The new 400,000 square foot facility consists of three main buildings
 along Cutler Pond in Needham.  All three buildings contain employee offices,
 workstations, conference rooms, copy centers, coffee areas (with cafe style
 seating), and "break-out" areas.  A fitness center and walking trail are also
 available to PTC employees and visitors.  Additional features include a
 courtyard, golf putting green, and a four hundred seat full-service cafeteria
 (with seasonal outdoor dining).  Company meetings and functions can be held in
 the cafeteria as well.
     The move began on December 1, 2000 with the employees from PTC's Prospect
 Hill location and was completed in March 2001.  In addition to the new Needham
 headquarters, PTC has offices in more than 30 countries worldwide.  The new
 address is 140 Kendrick Street, Needham, MA 02494.
 
     About PTC
     PTC (Nasdaq:   PMTC) develops, markets, and supports software solutions that
 help manufacturers get superior products to market before their competitors.
 PTC is the world's largest software company with a total commitment to product
 development.  The company services more than 30,000 customers worldwide.
 Further information on PTC is available at http://www.ptc.com.
     PTC 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. Names of products from other vendors
 mentioned in this document may be trademarks or registered trademarks of their
 respective owners.
 
     Media Contact:
     Roberta Carlton
     781-370-5479
 
 SOURCE  PTC