PTC Signs Memorandum of Understanding on Education Cooperation with Chinese Ministry of Education

Business Wire, May 12, 2008

About PTC's Global Education Program

PTC's education program provides teachers and professors with complete learning solutions to prepare a new generation for success in a technological world. From secondary school to the university level, PTC gives students the ultimate in product development education by providing software, training and classroom materials to educators worldwide. Their education program is a part of a technological literacy movement that seeks to improve critical thinking and multidimensional problem-solving skills as well as preparing a growing number of students to become engineers.

PTC Products Mentioned in the Memorandum

Pro/ENGINEER[R] - is MCAD/CAM/CAE software that helps companies develop detailed, intuitive and realistic digital product representations as well as related deliverables.

Windchill[R] - is content and process management software that helps companies manage and configure complete product development content, and optimize the broad set of product development processes necessary to bring products to market and manage them over the entire lifecycle.

Arbortext[R] - is dynamic publishing software that allows companies to create reusable components of content, both text and illustrations, and configure and publish the content for specific audiences to a variety of media types in multiple languages.

Mathcad[R] -is engineering calculation software that combines a powerful computational engine, accessed through conventional math notation, with a full-featured word processor and graphing tools.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 organizations worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC, which had about $942 million in revenue for fiscal 2007,ended Sept. 30, is included in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com.

PTC and its logo, The Product Development Company, Pro/ENGINEER, Wildfire, Windchill, Mathcad, Arbortext and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.