Mitsubishi Aircraft Picks PTC Windchill, Arbortext

NEEDHAM, MA, Feb 8, 2012 - PTC (Nasdaq: PMTC) today announced that Mitsubishi Aircraft Corporation has selected PTC as its strategic partner for developing a reliability and maintainability management platform for its Mitsubishi Regional Jet (MRJ) next-generation aircraft program.

The MRJ leverages leading-edge aerodynamic engineering and noise analysis technologies to deliver competitive economics and outstanding cabin comfort. With production planned for 2012, the MRJ is a compelling new offering in the global regional jet market, and the first new airliner produced in Japan in nearly 50 years.

To ensure its customers achieve maximum operational efficiency with each purchase, Mitsubishi Aircraft sought an advanced solution to support its reliability and maintainability management activities. This required a solution that centrally manages product improvements and enhancements (including a detailed product history), gathers and analyzes field data, and communicates necessary improvements to internal organizations and external partners.

After a thorough review of competitive solutions, Mitsubishi Aircraft selected PTC’s Windchill Quality Solutions (formerly known as Relex) and PTC’s Arbortext Service Information Solutions. The company will implement the PTC solutions in its customer support organization, with the system expected to go live before the first aircraft delivery.

“Today, PTC is proud to have achieved preferred partner status with some of the biggest and most innovative brands in the aerospace and defense industry,” said Jim Heppelmann, president and CEO, PTC. “With its next-generation MRJ, Mitsubishi Aircraft is challenging the status quo of the regional jet market. We are confident that together we can help the MRJ meet the company’s high standards for quality, meet the industry’s requirements for safety, and meet their future customers’ need for reliability.”

Once deployed, the PTC solutions will enable greater collaboration across the MRJ project teams focused on ensuring the quality, reliability, and maintainability of the aircraft. PTC’s quality and reliability management solutions are used today to help companies identify potential failure modes of a system, control or prevent their occurrence or effects, and track the compliance of parts and products against a wide range of commonly-used industry standards.

PTC solutions that support the needs of the aerospace and defense industry are designed to support product design and lifecycle management activities of aircraft manufacturers and suppliers, as well as of airlines and government/military organizations. PTC is a leading provider of reliability and maintainability solutions for the A&D industry, delivering solutions to 18 out of the top 20 companies, such as Boeing, Airbus, and other leading organizations.

About Mitsubishi Aircraft Corporation

Mitsubishi Aircraft Corporation commenced operation on April 1, 2008 to conduct the design, type certification, procurement, sales & marketing and customer support of the Mitsubishi Regional Jet (MRJ). The MRJ is a family of 70 to 90 seat next-generation regional jet which will offer both top-class operational economy and outstanding cabin comfort. Mitsubishi Aircraft Corporation is capitalized at 100 billion yen, with financing furnished by, among others, Mitsubishi Heavy Industries, Ltd., Toyota Motor Corporation, Mitsubishi Corporation, Sumitomo Corporation and Mitsui & Co., Ltd.

About MRJ

The Mitsubishi Regional Jet (MRJ) is a family of 70 to 90-seat next-generation regional jets developed by the Mitsubishi Aircraft Corporation. By featuring state-of-the-art aerodynamic design, noise analysis technologies and a game-changing engine, the MRJ will significantly cut fuel consumption, noise, and emissions. By offering both top-class operational economy and outstanding cabin comfort, the MRJ will also improve airline competitiveness and profitability. The MRJ features a four-abreast seat configuration, large overhead bins, and feature an innovative slim seat offering heightened passenger comfort.

For further information, visit www.mrj-japan.com.

About PTC

PTC (Nasdaq: PMTC) enables manufacturers to achieve maximum value from their product strategies with software and services designed to optimize key business processes throughout the entire product lifecycle from conception and design to sourcing and service. PTC’s integral solution portfolio enables customers to unleash product innovation, improve collaboration and ensure product data integrity within engineering and across the enterprise, supply chain and service partner networks. Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000 customers worldwide. More information can be found at www.ptc.com.

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