(Fwd) PTC to Resell Moldflow's Part Adviser

From: Yakov@bart.lpt.fi
Date: Fri Feb 06 1998 - 00:21:01 EET

(PARAMETRIC)(PMTC) Parametric Technology Corporation to Resell Moldflow's Part
  Adviser; Decision Reflects Increased Role of Plastics in Automotive, Major
                           (Business Wire; 02/05/98)

    WALTHAM, Mass.--(BUSINESS WIRE)--Feb. 5, 1998--Parametric Technology Corp.
(NASDAQ:PMTC), developer of the Pro/ENGINEER(R) family of software tools used
to automate mechanical product development, announced today that it will
Moldflow's Part Adviser product through the company's sales offices
Introduced in June, Part Adviser is the industry's first solids-based
simulation software for determining the manufacturability of plastic part

    Following a competitive review, PTC selected Moldflow as a partner in this
area because the company is a world leader in plastics simulation and because
Part Adviser is well-suited for design phase operation. Integrated within
Pro/ENGINEER, Part Adviser addresses the key manufacturing concerns of
designers and offers practical advice on corrective actions for identified
problems. The partnership signifies the increased role of plastics in
automotive, aerospace, and other major industries.

    "There is a significant need for plastics simulation in mainstream
commented C. Richard Harrison, president and chief operating officer at
Parametric Technology. "We recognise Moldflow's long-standing position as a
provider of proven plastics simulation technology and its ability to help meet
this need."

    "This agreement gives us broad, worldwide exposure for Part Adviser and
underscores the importance of our approach in moving simulation to the design
phase," says Marc Dulude, president and CEO of Moldflow. "Automotive and
industries are increasingly selecting plastic as their material of choice.
Together, Moldflow and PTC will ensure that these manufacturers optimize the
development process for injection molded plastic parts."

    Both companies believe that the partnership is key to the successful
acceptance of plastics simulation within mainstream design. David Weisberg,
publisher of Engineering Automation Report agrees, "This partnership is a
particularly significant development and testimony for Moldflow and Part
Adviser. When customers start buying software from multiple vendors, they
become responsible for making sure the solutions work well together. By
selling Part Adviser, PTC is clearly telling customers 'not only do we endorse
Moldflow's technology and approach, we will make sure the integration is
tight.' Given PTC's great market share, this should provide a tremendous boost
to Part Adviser's adoption within mainstream design."

    Parametric Technology Corporation is the world's sixth largest independent
software company

[ . . . ]

    CONTACT: Parametric Technology Corp. Boston Communications
             Kelly Sheridan Bill Perkins
             781/398-6493 617/912-1104
             ksheridan@ptc.com bperkins@bcomm.com

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