PTC receives $1 million order from MAN B&W Diesel AG

NEEDHAM, Mass., Feb. 23, 2001 (PRNewswire) à‚– PTC (Nasdaq: PMTC), the product development company, today announced they have received an order for $1 Million from MAN B&W Diesel AG for Pro/ENGINEER software and services.

MAN B&W, a manufacturer of diesel engines, has been a customer of PTC’s since 1996. The software was shipped during PTC’s first fiscal quarter (ended December 30, 2000).

“PTC offers us great potential for the future by helping us improve quality and shorten time-to-market,” said Eberhard Schaak, IT Director for MAN B&W Diesel. “This additional software will enable us to distribute the benefits of Pro/ENGINEER deeper within our company – adding even more value in efficiency and product quality.”

“Today’s manufacturers are finding that leading-edge flexible engineering solutions like Pro/ENGINEER continue to deliver increasingly high ROI as they distribute them more broadly within their organization,” said Trenton Brown, executive vice president, International Sales at PTC.

“As an existing customer, MAN B&W recognizes this and we are very pleased to provide additional software products and services to meet their business needs.”

About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers get superior products to market before their competitors. PTC is the world’s largest software company with a total commitment to product development and servicing more than 30,000 customers worldwide. Further information on PTC is available at https://ptc.com.

About MAN B&W
The MAN B&W Diesel Group, with annual sales of up to Euro 1,500 million and a work force of approx. 7,500 in its manufacturing locations in Germany, Denmark, England, France, and Singapore, is a leading manufacturer of large Diesel engines with unit outputs of up to 69 MW for marine and stationary power generation. The MAN B&W Diesel location in Augsburg is called the

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