Parametric Technology Corporation Partners with Racing Technology Norfolk Limited

21 September 1999

Parametric Technology Corporation Partners with Racing Technology Norfolk Limited

    WALTHAM, Mass.--Sept. 21, 1999--Parametric Technology Corporation today announced it has formed a technical partnership with racing technology norfolk Limited (rtn) of Hingham, Norfolk, England. rtn is a wholly owned subsidiary of AUDI AG and specializes in the design and manufacture of high performance components and race cars. rtn is using PTC's Pro/ENGINEER to design AUDI's R8C racing cars.
    AUDI is competing in the Le Mans 24-hour race for the first time in 1999. The Le Mans 24-hour race, ranked as one of the top sporting events in the world, is an incredibly demanding challenge both for the cars' technology and for the drivers themselves. AUDI Sport has a team of twelve drivers for their two R8C and two R8R sports racing cars.
    "Pro/ENGINEER allows us to package complex surfaces around moving parts and check clearances between parts without relying on the physical mockup," said John Buckley, rtn. "Pro/ENGINEER is invaluable for the manufacture of complex surfaces of composite parts. Whether going directly from a digital file to CNC machinery or providing sections for traditional pattern making, the solid models created by Pro/ENGINEER enable the quick manufacture and rapid change needed in the motor racing industry."

    About PTC

    Parametric Technology Corporation, founded in 1985 and headquartered in Waltham, Mass., develops, markets and supports integrated product development and lifecycle management solutions that help companies spur innovation and achieve sustained competitive advantage. PTC's software solutions are complemented by the strength and experience of its professional services organization, which provides training, consulting and support to customers worldwide. In its fiscal year ended September 30, 1998, the company achieved more than $1 billion in revenue. PTC can be reached at 781-398-5000, or via the web at 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 anticipate and adequately respond to evolving customer requirements and 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 Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q.

    Parametric Technology Corporation and Pro/ENGINEER are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.