The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

22 August 2000

 Dallara creates faster cars and decreases manufacturing time for Indy Racing
League chassis and Formula 3 race cars with PTC flexible engineering solutions

    WALTHAM, Mass., Aug. 21 PTC , a leading
provider of collaborative product commerce (CPC) solutions, today announced a
new performance team partnership with Dallara Automobili S.r.l. of Italy.
Dallara uses PTC's flexible engineering solutions, including Pro/ENGINEER,
Pro/MECHANICA, and ICEM software to design Formula 3 cars and Indy Racing
League chassis.  Dallara has seen proven results using PTC solutions since
1993 and will extend their commitment as a PTC performance team partner.
       Using PTC's solutions to design the 2000 Indy Racing League chassis,
Dallara was able to utilize its experience over the last seven years to
improve its chassis design. Dallara focused the majority of their research and
development efforts on the aerodynamic development of the car. By using PTC's
flexible engineering solutions, Dallara was able to test the aerodynamics
during the development stage, resulting in substantial drag reduction, and
improving the level of downforce developed for the 1999 model.
    "With our solutions, Dallara is able to test their chassis designs early
in the process, allowing them complete confidence that their designs meet
performance and safety objectives," said Jon Stevenson, executive vice
president and general manager, MCAD at PTC.  "We are excited by Dallara's
commitment to our products, and with the addition of Dallara as a performance
team partner."
    "This partnership demonstrates our high-regard for PTC and the PTC
solutions. Since our founding, we have aimed to improve the quality of
production and guarantee our clientele receives an increasingly reliable and
competitive product," said Mr. Dallara, founder and sole owner, Dallara
Automobili.  "Our PTC-based system enables us to incorporate our experience
from past designs into our new designs. By using PTC's flexible engineering
solutions, we are able to optimize the designs of our chassis, while
significantly reducing the development time."
    PTC and Dallara teamed up earlier this year to design a EUROC class
racecar across 3 continents in only 7 days, by using the Internet and PTC's
powerful software solutions.  The design process was accessible to anyone on
the Internet and may be reviewed online at http://www.shapinginnovation.com.

    About PTC's Flexible Engineering Solutions
    The PTC i-Series of flexible engineering solutions, based on PTC's award
winning Pro/ENGINEER software and the practices of PTC Global Services, is a
group of design and engineering solutions focused at addressing collaborative
product commerce engineering initiatives.  These solutions are relied on daily
by more than 250,000 users to drive their worldwide product development and
engineering functions.  The solutions use unique approaches with many patent-
pending and award-winning technologies such as Pro/ENGINEER behavioral
modeling that captures engineering knowledge and allows designers to innovate
new products more rapidly and effectively. The PTC i-Series of flexible
engineering solutions, underpinned by PTC's Windchill software, also features
Pro/MECHANICA, DIVISION, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS 5i, and
MEDUSA.

    About PTC
    PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric
Technology Corporation), develops, markets, and supports collaborative product
commerce (CPC) solutions that help manufacturing companies shape innovation
and achieve sustainable competitive advantage in the Internet age.  These B2B
e-commerce solutions employ powerful Web-based collaboration and flexible
engineering technologies to streamline product development and delivery
processes. PTC's software solutions are complemented by the strength and
experience of PTC Global Services, which provides training, consulting,
support, and e-commerce services to customers worldwide.  With PTC's CPC
solutions, manufacturers can take advantage of the Internet to improve product
quality, reduce costs, and shorten time-to-market cycles. PTC can be reached
at 781-398-5000, or via the Web at http://www.ptc.com.

    About Dallara
    Dallara Automobili, based near Parma, Italy, is the race car constructor
which was founded by GianPaolo Dallara in 1972.  The company has had major
success in Formula 3, Indy car and Sports car racing, and has designed,
manufactured and collaborated on racing programmes for numerous major motor
car companies.
    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
successfully develop, integrate, and support technologies that address
evolving customer requirements 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.
    PTC, Pro/ENGINEER, 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.  Names of
products from other vendors mentioned in this document may be trademarks or
registered trademarks of their respective owners.