PTC Windchill Applications are Successfully Deployed by TRW Automotive

NEEDHAM, Mass., March 20 PTC, the product development company, today announced that TRW Inc. has successfully implemented three Windchill® applications in just six months to enhance automotive production processes. In its continuing effort to increase productivity during the current challenging economic climate, TRW Automotive plans to apply PTC® solutions purchased during the past three quarters to additional business processes in the near term, demonstrating its commitment to PTC solutions.

``PTC has shown its dedication to TRW and the automotive industry by continually delivering beyond our expectations,'' said Judy Snyder, director for the e-Enterprise group at TRW. ``Although we set up a very aggressive production timeline, we were able to deploy the first three production-level applications on schedule. We expect the three applications will generate significant cost savings, as well as provide benefits such as improving our customer relationships by enabling early collaboration on designs.''

TRW Systems, the system integration and information technology business of TRW Inc. and a PTC enterprise consulting partner, also supports TRW's Windchill implementation. To date, TRW Systems has implemented a manufacturing solution that facilitates electronic quality control; a PTC® ProjectLink(TM) collaboration solution - implemented in 10 days - that enables platform-specific global collaboration; and a collaboration solution to achieve ``Design Anywhere, Build Anywhere'' objectives. TRW is currently implementing other PTC applications for enterprise-wide 3D data access, engineering change process management, and automation of TRW's quoting process.

``PTC's understanding of the product development process, along with the robust Windchill-based collaboration solutions, have given us the ability to be very aggressive in our strategy to be a truly global design company,'' said Suketu Patel, vice president, Information Systems, TRW Automotive. ``Our early success with PTC has validated our broad vision to automate all of our application engineering business processes. These truly strategic solutions can improve our capabilities in engineering, finance, purchasing, manufacturing and our supplier value chain.''

``TRW is a great name in the automotive industry. Engineering leadership, quality and efficient delivery are hallmarks of TRW's reputation,'' said Paul Cunningham, executive vice president, Americas Sales at PTC. ``By continually improving performance in these areas, TRW has remained one of the most customer-responsive companies in the industry. PTC's product development solutions are a valuable part of this program, and we are proud to help TRW sustain its competitive edge.''

About PTC

PTC 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. The company services more than 33,000 customers worldwide. Further information on PTC is available at http://www.ptc.com.

About TRW

TRW Inc. provides advanced technology products and services for the aerospace, information systems, and automotive markets. TRW's 2001 sales were $16.4 billion. For more information visit www.trw.com.

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 the continued successful implementation of Windchill and other PTC solutions at TRW, PTC's ability to successfully develop and integrate the technology necessary to offer solutions that respond to evolving customer requirements, and PTC's effective coordination and management of joint activities (including sales, marketing, development, implementation and support) with third parties in order to deliver products and services that meet those requirements, together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the U.S. 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, The Product Development Company, Windchill, PTC ProjectLink 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.