PTC Extends Leadership in Aerospace & Defense with Samsung Thales Corporation's Selection of Pro/ENGINEER in Competitive Benchmark

Ease of Use and Powerful Capabilities Drive Outstanding Scores In Technical Validation
On Tuesday June 16, 2009, 8:00 am EDT
NEEDHAM, Mass.--(BUSINESS WIRE)--PTC (Nasdaq: PMTC - News), The Product Development Company®, today announced that Samsung Thales Corporation, a leading Korean defense company, has selected Pro/ENGINEER®, PTC’s parametric 3D CAD/CAM/CAE solution as its next generation design solution in a competitive benchmark. With this decision, Samsung Thales, who had previously standardized on PTC Windchill® as its product lifecycle management (PLM) solution, expands its use of the PTC® Product Development System.
Samsung Thales selected Pro/ENGINEER to provide a global design process optimized according to international standards as a means to secure global competitiveness, displacing its previous CAD system. Increasingly dissatisfied with the vendor’s level of investment and commitment to its existing tool, Samsung Thales decided to conduct a competitive benchmark earlier this year to select its next generation 3D CAD solution. During the benchmark, PTC Pro/ENGINEER outperformed other solutions both in terms of technical validation and support. Samsung Thales cited the simple and easy to adopt Pro/ENGINEER user experience and powerful capabilities as key influencers in its decision to standardize on Pro/ENGINEER.
“Samsung Thales has a long term relationship with PTC through the implementation of Windchill as its standard PLM solution,” said Seung-Cheol Baek, senior manager of Samsung Thales. “Windchill provides Samsung Thales with powerful, Web-based support for key product development processes in a single technology architecture and execution environment. The CAD solution benchmark was an independent assessment specifically focused upon usability and functional capabilities. Based upon this criteria, PTC Pro/ENGINEER was selected as the solution that best meets Samsung’s business needs. We look forward to expanding our strategic partnership with PTC by implementing Pro/ENGINEER and working with PTC Global Services to maximize the value we derive from the solution,” Baek added.
“Pro/ENGINEER and Windchill together make an unbeatable product development system for our customers who are facing continuing pressures to be world class in efficiency and innovation,” said Brian Shepherd, executive vice president, product development, PTC. “We are pleased to extend our partnership with Samsung Thales to help them achieve their product development process improvement goals.”
About Samsung Thales Corporation
Samsung Thales Corporation is Korea’s leading defense company specializing in electric equipments and systems. It holds accumulated technical competencies through core technology development and localization of various defense products, civil solutions and customer support & services. For more information, please visit http://eng.samsungthales.com/.
About PTC Solutions for Aerospace and Defense
PTC provides product lifecycle management solutions designed to meet the requirements of the global aerospace and defense industry. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure, collaborative product development. PTC is an industry leader with all of the top 20 A&D companies as customers.
About PTC
PTC (Nasdaq: PMTC - News) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s CAD and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.
Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: the successful development and integration of the technology necessary to offer an integrated and flexible product development system solutions that is able to adequately respond to the evolving requirements of customers in multiple vertical industries; PTC’s ability to extend our solutions and provide adequately levels of support, to vertical industries beyond the discreet manufacturing verticals traditionally served by PTC; the possibility that current economic conditions could cause our customers to reduce or forego investment in our solutions and/or could negatively impact our ability to collect receivables due from our customers, either of which would negatively impact our cash from operations and thereby reduce amounts available to invest in our business initiatives; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period.
PTC and its logo, The Product Development Company, Pro/ENGINEER, Wildfire 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.
Contact:
PTC
Kristian Talvitie, 781-370-6151
Corporate Communications
ktalvitie@ptc.com
or
For PTC
Weber Shandwick
Amanda Keane, 617-520-7260
akeane@webershandwick.com