Jing An government recognizes PTC’s contribution to the city’s development

BEIJING, CHINA–March 10, 2009 – PTC (Nasdaq: PMTC), the Product Development Company®, today announced that it has been  honored with the “2006-2008 Best Developing Foreign Invested Company” Award by Jing An District of Shanghai, China. The Jing An District government presented the award at a recent awards ceremony held in Shanghai. Other award winners include multinationals such as GE, KPMG, and L’Oreal.

Yang Zhijian, director of the District Foreign Economic Commission, Jing An District, Shanghai, said during her keynote speech at the ceremony that the commerce, trade, logistics and professional services industries have become the main investment targets of foreign-invested companies. These companies are continuing to develop and innovate, and have significantly contributed to the economic and social development of Jing An. Although the global financial crisis has brought major challenges, we are confident that under the leadership of Jing An Communist Party Committee and government, the district economy will continue to grow.

Last July, PTC announced the opening of its Asia Pacific Headquarters and global R&D center in Shanghai. As another major investment decision since its entry into the Chinese market 15 years ago, PTC aims to share its world-leading PLM solutions and experiences with Chinese customers and drive Chinese manufacturing industry’s innovation capabilities and competitiveness. 

“As a leading Product Lifecycle Management solution provider, PTCemphasizes supporting innovation and works to help Chinese enterprises to develop better products,” said Mark Hodges,   General  Manager of China, and Customer  Officer at PTC.  “Last year, we celebrated the grand opening of our Asia Pacific Headquarters and global R&D center in Shanghai, and further demonstrated our commitment to develop and grow together with Jing An and China as a whole”

 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 http://www.ptc.com.