News from PTC: PTC Acquires LBS

PTC Adds Integrated Logistics Support (ILS) For A&D And Civil Aviation With Acquisition Of LBS

S1000D-, S2000M-, and SCORM-Compliant Solutions Strengthen Technical Publications Strategy

NEEDHAM, MA. - November 7, 2007 - PTC (Nasdaq: PMTC), The Product Development Company®, today announced it has acquired Logistics Business Systems (LBS), a leading integrated logistics support (ILS) solutions provider to the aerospace & defense (A&D) and civil aviation industries. Based in Preston, UK, LBS was established in 1995. LBS solutions are already integrated with PTC Arbortext® and together offer the industry’s only turn-key solutions for S1000D-compliant technical publications, provisioning, training and e-learning, and logistics support analysis. As a result of the acquisition, PTC becomes the only PLM provider to offer a complete solution for ILS.

The combination of PTC and LBS will facilitate the reuse of product design and configuration data such as CAD, BOM, change management information and logistics information. As a result, A&D and civil aviation organizations will be able to deliver standards compliant product support information in the form of technical publications, illustrated parts catalogs and training materials.

“SELEX Sensors and Airborne Systems have already been using PTC Arbortext in conjunction with LBS’ ILS solutions to meet our S1000D technical publications and S2000M provisioning requirements,” said Scott Mackintosh, spares documentation lead, SELEX Sensors and Airborne Systems. “We believe that the acquisition of LBS by PTC will lead to a much tighter integration of the solutions that will help improve the quality of publishing content and the overall efficiencies around the publishing process.”

The acquisition of LBS underscores PTC’s commitment to organizations in the A&D and civil aviation industries and helps address the challenges they face in light of increasing regulation and globalization trends. Customers can immediately leverage the existing integration between PTC’s dynamic publishing software, Arbortext, and LBS’ products to meet S1000D and other ILS requirements. S1000D, a standardized approach to dynamic publishing, is mandated for all defense contracts in Europe and has also been adopted as a requirement at many large defense contractors and civil aircraft programs in the US and Asia. With LBS, PTC will additionally be able to support other key processes compliant with industry regulations including provisioning compliant with S2000M, training and e-learning compliant with SCORM, and logistics support analysis (LSA) .

“The combination of PTC’s enterprise PLM expertise in the A&D industry and LBS’ market-leading proficiency in ILS will now provide customers with an unparalleled depth of industry knowledge around the most pressing product development and aftermarket support challenges facing the A&D and civil aviation industries,” said C. Richard Harrison, president and CEO of PTC. “PTC is dedicated to evaluating how we can best serve our customers and will continue to leverage both organic and inorganic strategies to add new capabilities to our product portfolio that drive business value for our customers.”

"This acquisition is consistent with PTC’s previous acquisitions of Arbortext, for dynamic publishing, and ITEDO®, for 2D and 3D technical illustrations, and creates the industry’s most comprehensive publishing solution for technical documentation, regulatory compliance and aftermarket support in the A&D and civil aviation industries,” said Jim Heppelmann, executive vice president and chief product officer of PTC. “The increasingly global nature of the A&D and civil aviation industries is prompting organizations to rethink and optimize aftermarket support and logistics. With LBS, PTC will be able to provide a more complete solution to organizations that would like to leverage ILS to improve information quality and time-to-market through repurposing product and logistics information.”

PTC plans to offer the LBS solutions standalone or with the PTC Product Development System and plans to maintain interoperability and integration with various CAD and PLM solutions.

The timing of any product release or integration, including any features or functionality, is subject to change at PTC’s discretion.

Read the customer briefing or acquisition FAQ.

About LBS

Logistics Business Systems is a world leader in Integrated Logistic Support (ILS) systems for the Aerospace and Defense Sector. LBS are the creators of the first truly integrated Logistics Support system supporting international aerospace and defence standards including S1000D, S2000M & SCORM. Clients include; Agusta-Westland Helicopters, Alenia Marconi Systems, General Dynamics, Italian Navy, L3-Com, Raytheon Company, Thales, Vosper Thorneycroft, UK Ministry of Defence and others. www.lbs-group.com

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.

E-mail: info@single-sourcing.com

About Single-Sourcing Solutions

Single-Sourcing Solutions is reseller of PTC’s Arbortext and Arbortext Content Manager (Windchill) products. With over a decade’s experience with the Arbortext toolset and in the practical development and deployment of mission-critical, custom XML development, Single-Sourcing Solutions has the expertise required for successful dynamic information delivery. Single-Sourcing Solutions is active in the global Arbortext community and related information development communities. For more information on Single-Sourcing Solutions, please visit http://www.single-sourcing.com.