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PTC Receives $3.5 Million Order from Hyundai Motor Company    

24 October 2000

PTC Receives $3.5 Million Order from Hyundai Motor Company    

          After Extensive Evaluation, Global Automobile Manufacturer
                   Extends Commitment to PTC's Pro/ENGINEER

    WALTHAM, Mass., Oct. 24 PTC , a leading
provider of mechanical computer-aided design (MCAD) solutions, today announced
that it received a $3.5 million order from Hyundai Motor Company (HMC), for
software and services.  Hyundai Motor Company, located in Seoul, Korea is a
global automotive manufacturer.  The software will be shipped during PTC's
first fiscal quarter (ending December 30, 2000).
    After an extensive review process, HMC chose to standardize on PTC's
Pro/ENGINEER software and deploy it throughout the Powertrain Research and
Development Center and the Production Engineering Center.  Pro/ENGINEER will
be used throughout the whole process of Powertrain, from design to
manufacturing including stamping and casting.  HMC is a long-time user of
Pro/ENGINEER where they have experienced reductions in time and cost, as well
as improvements in overall quality.  This extended implementation will enable
HMC to use Pro/ENGINEER's behavioral modeling to significantly reduce time in
design and manufacturing processes throughout the organization.
    "Hyundai Motor Company has seen the benefits of Pro/ENGINEER solutions in
the past and the extensive benchmarking we have completed, validates its
strength," said H. S. Lee Ph.D., executive vice president at HMC.  "PTC
provides the most effective solution for implementing concurrent engineering
at HMC."
    "We are pleased to be the MCAD tool-of-choice with an automotive leader
like Hyundai," said Trenton Brown, executive vice president, International
Sales at PTC.  "PTC is committed to provide solutions that capture engineering
knowledge and allow designers to bring more innovative products to market in
less time."