NEEDHAM, Mass.--(BUSINESS WIRE)--March 13, 2006--PTC (Nasdaq: PMTC), the Product Development Company(TM), announced today that Emerging Display Technologies (EDT), the leader in the visual display market with ISO certified manufacturing facilities, is adopting the PTC Product Development System including Pro/ENGINEER(R), Windchill PDMLink(TM), Windchill ProjectLink(TM) and Pro/INTRALINK(R). EDT is based in Taiwan and is a leading pioneer in the LCD industry. The company has worldwide operations and serves marquee customers such as LG and Lexmark.

EDT required a system that could offer external communications with customers, improve the quality control of product development and provide collaborative design without the associated risks. After a complete evaluation of leading PLM providers, EDT chose PTC. EDT based their selection on PTC's ability to supply them with an end-to-end, integral PLM solution that offers advanced functionality and top-notch professional services. EDT plans to finalize the implementation by May 31, 2007 and estimates that PTC solutions will lead to a 20% decrease in new product development time as well as an aggregate savings of US$625,000 every year .

"PTC offers an optimized Product Development System to help integrate distributed resources and form a strong platform for collaboration into the supply chain," said Shun-Ju Chuang, CIO, EDT. "The powerful combination of Pro/ENGINEER and Windchill will give us the ability to involve customers early in product planning exercises in order to clarify product requirements. We believe the system will help us bring products to market more quickly and control overall development costs and related expenses."

"The integrated design and technical development of an LCD module relies heavily on an integrated supply chain system that can offer valuable product components. PTC has created highly efficient process distribution management and cost control that optimizes manufacturing operations in order to satisfy the various product development requirements," said Chad Hawkinson, director of electronics and high tech marketing and strategy, PTC. "With the help of PTC solutions, EDT is able to focus on the development of core capabilities while initiating new product research in the future that will help fuel their growth in the highly competitive electronics industry."

About Emerging Display Technologies

Founded in 1994, EDT has grown into a global organization that showcases what the brightest and best within the industry can achieve. EDT is completely focused on the goal of offering to customers an advantage in Quality, Technology, Service and Value. As a leader in the visual Display market with ISO certified manufacturing facilities in both Taiwan and China, EDT continues to use innovation and extensive research efforts to bring products that are highly reliable, viewer-friendly, and cost-effective.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 40,000 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 500 and Russell 2000 indices. 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 PTC's ability to: anticipate and adequately respond to the evolving and complex requirements of electronics manufacturers; successfully develop, integrate and support the technology necessary to deliver products and services that meet those requirements, including product design, development process and data management offerings, electronic verification and collaboration solutions, and environmental regulatory compliance tools; and effectively coordination and manage joint activities (including development, integration, sales, marketing, implementation and support) with strategic technology partners to deliver and support an integrated suite of solutions for the electronics & high tech industry together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q.