Neighborhood Electric Vehicle Designed and Built in 10 Months

    NEEDHAM, Mass., Jan. 22 PTC , the product
development company, today celebrates success in the automotive industry with
Dynasty Motorcar Corporation and Lepage Design Inc.  Dynasty Motorcar working
together with Lepage Design has designed and will produce the Neighborhood
Electric Vehicle (NEV).  This vehicle and five other models using a common
platform and interchangeable body panels were designed exclusively using PTC's
Pro/ENGINEER software.

    Most car companies take roughly two and a half years to design a car using
more than fifty people and many design tools.  Lepage Design, in response to
the needs of Dynasty, created this car in an amazingly short time.  "PTC's
Pro/ENGINEER software allowed us to model the LSV from the ground up with only
four people in just 10 months," says Stephane Lepage, CEO of Lepage Design,
Inc.  "Pro/ENGINEER is the only tool that allows us to design and build using
a truly integrated approach.  Because of its database capabilities,
communication between engineers and designers is streamlined, limiting the
classical communication breakdowns that would often cause numerous delays in
the design process.

    Dynasty will begin pilot production of its 5-door, 4-seat Neighborhood
Electric Vehicle in February 2001.  "Full production ramp-up of the Dynasty
vehicle family will begin in April 2001, only 10 months after the beginning of
the Pro/ENGINEER design process," stated Dynasty's President Gerry McParland.
"By any industry standard, this is a remarkable accomplishment and would have
been impossible without the use of Pro/ENGINEER software.  We have enjoyed a
seamless transition from the body panel design phase into the tooling and
component phases.  We have also achieved considerable savings."

    NEV's are a new category of vehicle designed specifically for low speed
operation in urban areas with posted speed limits of up to 35 MPH (60 km/h).
Approved by the National Highway Transport Safety Administration (NHTSA) in
1998, 32 states currently have legislated their use.  A further 10 states are
expected to pass legislation governing the use of these vehicles this year.