Upgrade from 2D to 3D design speeds the transformation into competitive shipbuilder

NEEDHAM, MA - May 6, 2008 － PTC, (Nasdaq: PMTC), The Product Development Company®, today announced that Shanhaiguan Shipbuilding Industry Co., Ltd. (SHGSIC), a well-known shipbuilding and repair company based in Northern China, has selected CADDS 5, PTC's specialized CAD/CAM solution for shipbuilding. The company will utilize CADDS 5 in order to upgrade its former 2D CAD system into a comprehensive, integral 3D design platform. The software will enhance its overall design and shipbuilding capacity, allowing the company to further accelerate its transformation into a modern, international shipbuilding enterprise.

In order to meet the challenge of growing competition and elevate design capabilities, Shanhaiguan Shipbuilding Industry Co., Ltd decided to implement CADDS 5 and create a collaborative design environment. Previously, the company mainly focused on ship repair. Using a 2D application had created severe bottlenecks, inefficient plotting practices, hindered ability to collaborate across integrated design teams and ultimately caused massive development delays. In order to accelerate transformation from ship repair to a comprehensive shipbuilding business and take advantage of digitized ship design capabilities and 3D modeling, SHGSIC turned to PTC solutions. After implementing CADDS 5, integrated product development teams could work collaboratively and more efficiently, and as a result, SHGSIC has saved significant amounts of time and materials.

CADDS 5 is an adaptable, hybrid 3D CAD/CAM system which enables companies to create products with very large assembly structures such as ships. It allows a large team of designers to concurrently carry out design work in an all-digital ship design and 3D modeling environment. Through integrated, advanced technology for structural, HVAC, electrical, piping and database-driven systems design, CADDS 5 improves user productivity and increases design speed. Furthermore, CADDS 5 provides an intuitive user interface, powerful ship reference system, and a high-end graphics engine which provides translucent images and mixed product views in a single environment. CADDS 5 can significantly shorten product design cycles, enabling faster ship construction.

"Through our partnership with PTC, we have been able to implement a collaborative design environment, where we can achieve timely product data synchronization and improve design quality," said Gao Fusheng, SHGSIC Vice Chief Engineer and Head of Shanhaiguan Design Institute. "As China's shipbuilding industry continues to develop, the implementation of CADDS 5 will greatly enhance our product development capabilities and elevate our core competitiveness.''

''We are very pleased that SHGSIC Shipbuilding Industry Co., Ltd has adopted PTC's CADDS 5 as its product design and collaboration platform. We look forward to a long-term partnership, where we can continue to provide them with industry leading process and technology solutions as well as professional services.'' said Richard Prince, director, A&D Vertical Market Strategy, PTC. ''We are committed to providing solutions which meet our customer's unique requirements and we continually work to improve our solutions for shipbuilding customers.''

About Shanhaiguan Shipbuilding Industry Co., Ltd

Shanhaiguan Shipbuilding Industry Co., Ltd belongs to the China Shipbuilding Industry Corporation. Built in 1972, this large state-owned enterprise currently is one of China's largest shipbuilding and repair bases. Possessing 2.16 million square meters area, SHGSIC possesses one 300,000 T dock, one 70,000 T and a 30,000 T dock. Its nine 2,026 m ship-repair piers are equipped with over 3,000 sets of modern production equipments and 900 high-class professional engineering and technical personnel. The factory has passed the ISO9001-2000 quality system certification.

Over the recent years, Shanhaiguan Shipbuilding Industry Co., LTD has been striving to implement management reform and optimize production process and construction. In 2007, it set a new record in industry output value and doubled profits. Nowadays, it has formed a comprehensive and well-developed structure made up of ship repair, construction, reconstruction, marine engineering, military engineering and non-ship industry. In addition, with advanced technologies and strengths, outstanding project completion time and security guarantee, the company has formed a well-established ''Shanhai Brand'' in shipbuilding industry.

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) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 organizations 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 on PTC, please visit http://www.ptc.com.