Mando Completes Successful Implementation of PTC Windchill(R) to Create Advanced PLM System; Reinforces critical production competitiveness and achieves real-time collaboration through the implementation of Web-based PLM

NEEDHAM, Mass.--Nov. 2, 20058, 2005--PTC , the Product Development Company(TM) today announced that Mando Corporation, Korea's largest automotive parts manufacturer, has successfully completed implementation of Windchill, to create an advanced Product Lifecycle Management (PLM) system. Mando supplies auto parts for 3.5 million vehicles annually. These parts are key auto components such as brake systems, steering systems, suspension systems, and chassis modules, as well as the latest safety systems such as ABS, ESP, ECS and EPS. Mando customers include leading automakers such as GM, Ford, Daimler Chrysler and Hyundai Motor Co.

Mando implemented Windchill as a PLM system in order to strengthen the real-time collaboration infrastructure between domestic and overseas development centers, plants, affiliates and foreign investors. Mando selected Windchill PDMLink(TM) and Windchill ProjectLink(TM) in order to overcome problems stemming from the maintenance of their existing six-year old product data management (PDM) system. By implementing this solution from PTC, the company aims to achieve the following goals:

    - A complete migration from their existing PDM system to a
        Web-based PLM system.

        --  Implementation of the 'Design Anywhere, Build Anywhere'
            platform for a global environment.

        --  Maximized R&D competitiveness and productivity.

    - Implementation of a pilot system and its expansion to each
        business office.

    - Implementation of standardized product life cycle processes.

    - Implementation of a collaboration environment for domestic and
        overseas partners and foreign investors.

In total, 1,300 employees will be using the system, with the number of users expected to continue growing. By innovatively improving productivity in R&D through the Windchill system, Mando is estimating an annual cost reduction of approximately USD 6 million. Mando also anticipates that these productivity increases and cost reductions will dramatically improve in the future when the system serves as a single core network for global product development in the U.S., China, and other locations.

The implementation of PTC's PLM system has triggered dramatic improvements in the overall product development and product management process. While Mando's previous solution offered simple sharing and management of basic information for PDM such as technical documents, drawings, and bill of material (BOM), PTC's Web-based solution provides additional capabilities. By extending the company's basic product development system to include purchasing, product technology, quality control, marketing, and realizing the product management system function, the PTC system has enabled Mando to decrease its R&D costs.

Mando chose PTC not only because Windchill had been endorsed by a variety of customers but it also offered a number of key capabilities such as Web-based operation and collaboration, which the company's previous solution supplier could not provide. Additionally, PTC had experience migrating customers that shared Mando's previous PDM system to Windchill.

"Worldwide collaboration has become a critical component for today's manufacturing companies. With independent suppliers scattered throughout the world, the significance of sharing information has increased. PTC Windchill PDMLink and ProjectLink are the best solutions to meet that demand," said Sang-Hwa Yoon, vice president of Mando Corporation. "Windchill enables us to systematically manage the background of new product development information and to share more information in less time. We expect that the PLM system will help Mando develop core competitiveness through critical areas such as lead time and cost reduction and design quality enhancement."

"The automotive industry and its suppliers are under constant competitive pressures to develop reusable components that can reduce the cost and production time of vehicles. Mando is a superior auto parts manufacturer and we are proud that PTC is their strategic PLM partner," said Dhiren Verma, director of automotive marketing and strategy, PTC. "Mando has implemented a strategic PLM system that will allow them to continue to improve their overall competitiveness by producing their renowned high-quality products more quickly and efficiently."

About Mando Corporation

Mando Corporation, (CEO Sang-Su Oh) is Korea's largest auto marts manufacturer, which supplies auto parts to the 'Big 3' automakers, GM, Ford, Daimler Chrysler, as well as Korea's major automakers. It produces key auto components such as break systems, steering systems, suspension systems, and chassis modules and has an annual capacity of auto parts for 3.5 million vehicles.

Mando has played as a leader in Korean auto parts industry. The development and production of top-notch products such as ABS (Anti-lock Brake System), ESP (Electronic Stability Program), ECS (Electronic Controlled Suspension System), EPS (Electric Power Steering) for the first time in Korea enabled made-in-Korea vehicles to have competitiveness in the global market.

About PTC Solutions for Automotive

PTC solutions for automotive are designed to meet the product design and product life cycle management needs of both OEMs and suppliers in the automotive industry. PTC provides enterprise 3D design, product data management and collaboration solutions to over 1400 automotive manufacturers including eight of the top ten powertrain suppliers and three of the top five OEMs.

About PTC

PTC provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P 500 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.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 PTC's ability to successfully work across a diversified and expanded user base to implement and support products and services that meet evolving customer requirements, the ability of PTC to provide the technologies necessary to deliver solutions that address the design and product life cycle management needs of both OEMs and suppliers in the automotive industry, the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, 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 software implementation is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.

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