Monday, 27 July 2009 - After nearly fifteen years of US ownership, Norton Motorcycles Ltd, the quintessential and most famous of British motorcycle brands returns home.

Stuart Garner a UK based businessman and owner of Norton Racing Ltd has bought back all the trademarks and development work relating to the Norton, Manx, Atlas, Commando and Dominator brands.

Norton Racing Ltd is already in development of a new rotary engined race bike and now with the ownership of the brand itself plans are being developed to introduce a new road bike for 2009.

‘This has been a challenging and exciting period for us’ Commented Garner ‘We are proud to have brought the brands back home and we now intend to focus on re-establishing Norton Motorcycles as a premier motorcycling brand across the World’ he added.

‘We also needed to make some key technology decisions to support our design operations’, stated Garner. ‘It was obvious that we needed to partner with a solutions provider that could support our current and on-going needs with best-in-class technology that was scalable’.

‘INNEO’s professional, knowledgeable and friendly approach helped to make that decision very easy. Their proposal of PTC’s PDS solution exactly matched our criteria and enables Norton Motorcycles to add further solutions such as manufacturing as and when required’. ‘No other provider had this capability’

‘With scalability in mind Norton Motorcycles has initially implemented Pro/ENGINEER Wildfire 4.0 complemented with INNEO’s Startup TOOLS technology. We are currently reviewing PTC’s Windchill Solutions with the intention to implement in the coming months.’

Richard Allan, Channel Business Development Director PTC, commented “ We are very proud to support the design of such a famous UK motorcycle brand. We look forward to working with Norton as the company continues to implement PTC solutions, driving innovation and delivering next-generation motorcycle designs.”


About Norton Racing Ltd
A new era has begun for Norton Motorcycles. The 961 Commando is the first new Norton model to be launched from the all new Commando Platform. Each new model will draw inspiration from the past and build on the Norton legacy for the future. Future development will also lead to the introduction of the all new modern motorcycles and will represent the ultimate expression of the Norton brand. More information on Norton: http://www.nortonmotorcycles.com

About INNEO Solutions Ltd
INNEO Solutions is a leading provider of CAD/CAM/CAE solutions, complemented by IT and Project Management solutions in the United Kingdom, Germany and Switzerland. As a holistic solution partner we stand for individual innovative solutions in those fields. The wide range of services we offer – from training and educational concepts to process oriented consulting and design-automation concepts for product development – completes our portfolio. More than 230 staff members in 12 locations attend to more than 3,500 customers from various industries. In July 2008 INNEO was named in the TOP 100 cachet for the fifth time in succession for outstanding innovative achievements.
More information on INNEO Solutions: http://www.inneo.co.uk

About PTC
PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com.

Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. Such risks include the ability of PTC to develop the technologies necessary to deliver products and services that allow customers to implement an integrated and comprehensive product development system across an extended enterprise; the success of our initiatives to facilitate our customer's understanding of the benefits of our product development system, including interoperability, quality, enhanced productivity, return on investment and value creation; PTC’s ability to continue to meet evolving customer visualization requirements within various vertical industries; and the success of PTC’s customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, as well as those that are detailed from time to time in reports filed by PTC with the U.S. Securities and Exchange Commission, including PTC’s most recent reports on Form 10-K and 10-Q.

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