PTC Enhances Customer Education With Launch of PTC University Portal

Comprehensive and easy access to courses and IP on demand
Needham, MA, February 12, 2004 - PTC (Nasdaq: PMTC), the product development companyTM, today announced the launch of PTC University; an on-line learning portal that provides customers with a personalized view to all of PTC’s educational offerings, enabling them to select, register, and track enrollments and transcripts, as well as participate in on-line communities, thus maximizing the overall educational experience while reducing costs.

X Product Development, a leading design and innovation firm, recently selected the new PTC training option. "We are very pleased to take advantage of the PTC University training option; the on-demand, immediate access to PTC's extensive curriculum will allow us to initiate the adoption of the Windchill solutions promptly and cost effectively," said David Aitchison, division leader at X Product Development.

Built on leading edge learning management technology, PTC University also enables managers to track their company's investment and monitor their team’s progress in PTC learning programs.

PTC University features PTC’s unique PTC PrecisionTM learning approach to training with role based curriculum, ensuring that students get the right training, using the right media, at the right time – with measured results. It features the entire library of PTC Instructor Led Training courses as well as over 1500 hours of Distance Learning content, from virtual classrooms to Web-Based Training to online communities. These programs work together to create a blended learning environment that addresses differentiated learning styles and needs and is delivered precisely when needed.

Access to PTC University Distance Learning content can be purchased on a subscription basis that offer learners on-demand access to all Distance Learning content in a topic area, as well as any new content added during the subscription year. PTC University Subscriptions are designed to provide learners 24/7 support, in multiple learning formats, for any learning need that might arise, all for one low cost.

“I am very excited and pleased about the PTC University launch,” said Barry Cohen, executive vice president of strategic services. “PTC University allows us to provide a level of educational service that enables our customers to increase productivity and drive innovation. In today’s economy the ability to provide quality Distance Learning programs is essential to customer success. PTC University and its Distance Learning Subscriptions enhance PTC's thought leadership in the PLM space.”

PTC University is currently available for North America, and will be rolling out globally throughout FY04.
 

About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers win with superior products. PTC is the world’s largest software company with a total commitment to product development and product lifecycle management (PLM.) The company services more than 35,000 customers worldwide. Further information on PTC is available at http://www.ptc.com/go/pr or call 1-888-782-3776, ext. 901.


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