Penske Races To Win at Daytona 500 With PTC® Pro/ENGINEER®

Business Wire, March 4, 2008

Industry-Leading CAD Solution Sets Pace For 1(st) and 2(nd) Place Sweep of the "Great American Race"

NEEDHAM, Mass. -- PTC (Nasdaq: PMTC), the Product Development Company[R], is proud to partner with Penske Racing, whose cars are designed and developed using Pro/ENGINEER, PTC's industry-leading integrated parametric, MCAD/CAM/CAE software, as the team claimed 1st and 2nd place at the 50th running of the Daytona 500 on February 17, 2008. Ryan Newman captured the checkered flag in the No. 12 Alltel Dodge, while Kurt Busch helped push his teammate to victory in the No. 2 Miller Lite car for Penske Racing.

The pressure to find a competitive edge in racing is intense, with the slightest design modification shaving crucial seconds off a driver's time. Penske had recently standardized Pro/ENGINEER to help its racing teams stay ahead of the curve. Industry leading companies around the globe use Pro/ENGINEER to develop detailed, intuitive and realistic digital product models and related deliverables. Penske uses Pro/ENGINEER for chassis design, engine program development, motion simulation of suspension components, aerodynamic surfacing and rapid prototyping for wind tunnel models.

"PTC congratulates Roger Penske, Penske Racing and the Penske Technology Group on achieving their first Daytona 500 win," said Iain Michel, vice president, business development, PTC. "Technology plays an increasingly significant role in helping racing teams to achieve the razor thin performance improvements that make the difference in crossing the finish line first. We're pleased Penske was able to achieve these results with cars designed and developed with Pro/ENGINEER."

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 (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 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 Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com.

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