Sep 22 - UK's University of Warwick to Get Pro/E, Windchill Grant

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UK's University of Warwick to Get Pro/E, Windchill Grant

Welcomes WMG as 'PTC Academy'

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FLEET, UK, Sep 22, 2008 - PTC (Nasdaq: PMTC), The Product Development Company, today announced the signing of a long term academic sponsorship agreement with WMG, part of the University of Warwick, UK. PTC is signing WMG up as a "PTC Academy".

WMG was established by Professor Lord Kumar Bhattacharyya in 1980 and is dedicated to developing innovative research projects and sharing its knowledge with a wide range of businesses and individuals through collaboration, knowledge transfer schemes, PhD supervision, post graduate study and bespoke executive education. The PTC Academy was developed specifically for universities that are trying to utilize academic research to address real world industry dilemmas.

As a PTC Academy, the University will receive a grant of PTC software, including Pro/ENGINEER and Windchill, for use in their academic teaching activities. In return, the University will work with PTC to provide leadership in the fields of Product Development and engage with other key players in industry who are also associated with WMG and its partners.

WMG will employ the PTC program in order to focus on the needs of collaboration within manufacturing industry using Windchill, PTC’s software for content and process management. The agreement also includes the PTC sponsorship of PhD research into visualization, a key element of the modern Product Development System. Visualization helps take an image in the mind’s eye of the engineer and expresses it in the form of a rendered CAD image for other, sometimes non engineering professionals to appreciate.

"PTC technology is at the forefront of design and collaboration." said Professor Lord Bhattacharyya, Professor of Manufacturing and Director of WMG, University of Warwick. "With this PTC Academy agreement we are bringing an elevated level of learning to industry sponsored academia"

PTC offers advanced digital product development IT solutions to both UK higher education and business markets. WMG straddles both these sectors. PTC has opened its product development software solutions to the support the University’s mission “to reinvigorate UK manufacturing through the application of cutting edge research and effective knowledge transfer. WMG has been equipped to undertake a three pronged response to the skills shortage.

"WMG has been a strategic partner of PTC for over 10 years," said Barry F. Cohen, executive vice president, Strategic Services and Partners, PTC. "This new agreement elevates our relationship. The results of which will establish a new benchmark in design collaboration throughout the world."

About WMG (Warwick Manufacturing Group)

WMG was established by Professor Lord Kumar Bhattacharyya in 1980 in order to reinvigorate UK manufacturing through the application of cutting edge research and effective knowledge transfer. WMG is dedicated to developing innovative research projects and sharing its knowledge with a wide range of businesses and individuals through collaboration, knowledge transfer schemes, PhD supervision, post graduate study and bespoke executive training.

WMG runs teaching and research centers in Hong Kong, India, Singapore, Malaysia and Thailand and provides expert advice to many overseas governments and companies

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, visit www.ptc.com.

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