PTC Receives $3.5 Million Order from Hyundai

October 27, 2000

NEWS BRIEFS

Waltham, MASS. — PTC, a leading provider of mechanical computer-aided design (MCAD) solutions, 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.”

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 feature Pro/MECHANICA, DIVISION, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS 5i, and MEDUSA.

PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), 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. PTC can be reached via the Web at http://www.ptc.com .

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