NASA Increases Commitment to PTC(R) Product Lifecycle Management Solutions

PTC , the
product development company(TM), today announced that the National Aeronautics
and Space Administration (NASA) is expanding its implementation of PTC’s
award-winning Pro/ENGINEER® design software and services with a new multi-
million dollar, multi-year order. The software was shipped during PTC’s
fourth fiscal quarter (ended September 30, 2002). This follow-on order is
further evidence of NASA’s commitment to PTC Product Lifecycle Management
(PLM) solutions. In addition to previous Pro/ENGINEER deployments, the
administration has also already implemented PTC’s Windchill® software
solutions, realizing a sizable reduction in product cycle times and costs,
while experiencing improved access and control over product information.

“NASA puts ‘products first’, placing a heavy emphasis on products and
especially product quality,” said Paul Cunningham, executive vice president,
Worldwide Sales, PTC. “With safety a critical factor, NASA must maintain the
highest possible quality standards while keeping budgets under tight control.
PTC provides our customers with a detailed road map on how to do this.”

NASA uses Pro/ENGINEER® software to integrate and automate the majority
of the product development processes throughout its installations nationwide
including: Johnson Space Center, Ames Research Center, Langely Research
Center, Kennedy Space Center, Dryden Flight Research Center, Goddard Space
Flight Center, Stennis Space Center, and Glenn Research Center.

About PTC

PTC develops, markets, and supports software solutions that
help manufacturers win with superior products. PTC is the world’s largest
software company with a total commitment to product development. The company
services more than 33,000 customers worldwide. Further information on PTC is
available at 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 are detailed from time to
time in reports filed by PTC with the U.S. Securities and Exchange Commission,
including PTC’s most recent reports on Form 10-K and 10-Q. The announcement
of any particular order 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, Create Collaborate
Control, Product First, Pro/ENGINEER, Windchill 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.