PTC Windchill to Improve GE Healthcare’s Product Lifecycle Management

NEEDHAM, Mass. — (BUSINESS WIRE) — January 12, 2010 — PTC (Nasdaq: PMTC), The Product Development Company®, today announced that GE Healthcare, a unit of General Electric Company, has selected Windchill, PTC’s PLM software, and Pro/ENGINEER to replace its legacy data management and MCAD software. PTC’s solutions will support GE Healthcare in achieving their product development goals.

Medical device manufacturers face tough challenges, including the demand for constant innovation, compliance with strict regulatory requirements, time-to-market pressures and intense competition. PTC’s Product Lifecycle Management (PLM) software delivers critical content and process management capabilities that support demanding regulatory requirements, such as electronic records and signatures, document control and change control, and auditing.

GE Healthcare is using Windchill® for product lifecycle management, Pro/ENGINEER® for mechanical CAD/CAM/CAE, and Arbortext® for product information delivery. The new product development environment will enable better control of critical product information, design reuse, global collaboration and uniform design processes across different product lines.

“GE wants to change the way healthcare is delivered. To do that, we need to change the way healthcare products are developed. We expect PTC’s software solutions will help us develop innovative products, with the goal being to reduce cost and increase ease of use,” said Reaz Rasul, general manager of lean global product development, GE Healthcare. “We’re working with PTC, because of their leading software solutions, their technical expertise and their capability and commitment to execute against product development initiatives.”

“PTC’s success in the medical device industry reflects our commitment to working with customers such as GE Healthcare to understand and meet unique business requirements,” said James E. Heppelmann, president and chief operating officer, PTC. “PTC PLM software enables device manufacturers to optimize product development processes and deliver high quality, innovative products to market faster than before.”

Today, eight of the world's top ten medical device manufacturers rely on PTC for their product solutions. Using PTC’s superior PLM software, these companies are able to develop better quality, lower-cost products faster, and streamline their introduction into the marketplace.

About GE Healthcare

GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.

Our “healthymagination” vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality and efficiency around the world. Headquartered in the United Kingdom, GE Healthcare is a $17 billion unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employs more than 46,000 people committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com.

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 PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Retail and Consumer, and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. 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. These risks and uncertainties include: PTC's successful development and integration of the technologies necessary to offer an integrated Product Development System that address evolving product lifecycle management functions and that are deployable across extended supply and customer chains, the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet customer requirements, the success of PTC’s customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; and our ability to effectively utilize our resources to undertake strategic corporate development initiatives while maintaining our ability to support multiple product suites, together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.