PTC Announces Engagement with Nokia


NEEDHAM, MA - May 26, 2009 - PTC (Nasdaq: PMTC), The Product Development Company®, today announced its engagement with Nokia, the world's number one manufacturer of mobile devices by market share and a leader in the converging Internet and communications industries.

Nokia has engaged with PTC to develop a Windchill-based functionality extension on top of Nokia's existing PLM platform. At the same time, Nokia continues to work with its existing PLM partners.

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company's CAD, and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet both customer needs and comply with industry regulations. For more information on PTC, please visit www.ptc.com.

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