PTC Receives $1 Million Order from Lamborghini
13 April 2000
PTC Receives $1 Million Order from Lamborghini; Famous Italian Car Manufacturer Utilizes PTC's Flexible Engineering Solutions
WALTHAM, Mass.--April 13, 2000--PTC (NASDAQ:PMTC), a leading provider of collaborative product commerce (CPC) solutions, today announced it has received an order for more than $1 million for software and service from Lamborghini, located in Bologna, Italy. The software was shipped to Lamborghini during PTC's second fiscal quarter (ended April 1, 2000).Lamborghini, producer of legendary car models including Countach and Diablo, the fastest car in the world, first adopted PTC flexible engineering solutions two years ago with purchases of Pro/ENGINEER and ICEM Surf for its car design and development. Since this initial installation, PTC flexible engineering technologies have enabled Lamborghini to increase productivity levels, reduce time-to-market, and facilitate the exchange of documentation, projects, and information throughout all the divisions of the organization.
"Lamborghini's continued commitment to PTC's flexible engineering solutions is a clear sign of their trust in PTC and its ability to provide leading edge technology and services," said C. Richard Harrison, president and CEO of PTC. "We look forward to supporting Lamborghini and providing the tools they need to meet complex engineering challenges and create competitive advantage."
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 (Parametric Technology Corporation), founded in 1985 and headquartered in Waltham, Mass., USA, 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. In its fiscal year ended September 30, 1999, 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. 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.
Parametric Technology Corporation, Pro/ENGINEER, Pro/MECHANICA, CADDS, InPart, and Windchill are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.