PTC Signs Agreement With IBM To Offer PLM Solutions

NEEDHAM, MA. – January 25, 2006 - PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced a cooperative marketing agreement (CMA) with IBM, effective January 1, 2006. The companies’ activities under the agreement will focus primarily on the emerging Product Lifecycle Management (PLM) market in China as well as a targeted account strategy in growth industries such as Electronics, Consumer Packaged Goods and Life Sciences in Europe and the United States.

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