Tangshan Railway Significantly Improves Data Accuracy and Design Efficiency with PTC Product Development System

NEEDHAM, Mass.—(BUSINESS WIRE)—November 24, 2008— PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Tangshan Railway Vehicles Co. Ltd (TRV), a subsidiary of China CNR Corporation Ltd., has successfully deployed the PTC® Product Development System (PDS) consisting of Windchill® for collaborative design and management platform, and Pro/ENGINEER®, PTC’s 3D CAD/CAM/CAE solution, to significantly improve its design accuracies and efficiencies.

As the first railway vehicles manufacturer in China, TRV develops and manufactures passenger vehicles for railway and metropolitan transportation. In recent years, TRV has introduced a number of the world’s leading technologies for the manufacturing of high-speed trains to China. Today, CRH3 350km/h high-speed train produced by TRV is already running on Beijing-Tianjin inter-city railway, and has set a new train speed record in China. The CRH3 trains are soon expected to run on the Beijing-Shanghai Express Railway line as one of the leading vehicles operating on the route.

TRV required a digital design and manufacturing platform to meet the increasing complexities of its product designs. The PTC PDS allows TRV to achieve distributed, cross-enterprise collaboration on data acquisition and product information, centralized management of design and manufacturing data. Additionally, Windchill seamlessly connects to multiple mechanical or electrical CAD applications, desktop applications and the SAP ERP system, leading to significant improvements in data accuracy and design efficiency. The integration with the 3D digital design of the previously isolated design and manufacturing data management platforms has helped TRV to improve the product development process. PTC PDS has also allowed TRV to enable concurrent development with Changchun Railway Vehicles Equipment Co. on a train project.

BPLead, PTC’s Gold Value Added Reseller (VAR) in China, also provided business process optimization and control consulting services for TRV to meet its specific requirements for railway vehicles manufacturing. With a view to further enhance its independent innovation capabilities and meet the increasingly complex design requirements, TRV decided to deploy an integrated design and management platform for the development of the high-speed train.

“With the help of PTC’s Product Development System and the professional service of BPLead, Tangshan Railway Vehicles has successfully established a digital design and manufacturing platform. The accurate transfer of design data to ERP has greatly improved the company’s design, manufacturing and information management capabilities. The project has set a new example of concurrent R&D process and digitalized manufacturing for China CNR Corporation,” said Song Yubin, head of the IT Department at Tangshan Railway Vehicles Co. Ltd.

“Chinese manufacturing enterprises are not exempt from the global competitive pressures to develop high quality products in reduced timeframes and as such must continually evaluate their product development processes to ensure that they have optimal leverage from all resources possible,” said Robert Kocis, divisional vice president, Worldwide Chanel Sales, PTC. “With PTC’s PDS, TRV has implemented an enterprise PLM solution that is able to increase the overall efficiencies of its product development processes by enhancing its ability to collaborate across departments, improve its data accuracy and integrate with its ERP solution.”

About Tangshan Railway Vehicles Co., Ltd

As a part of China CNR Corporation Ltd., Tangshan Railway Vehicles Co. Ltd was formerly known as Tangshan Locomotive and Rolling Stock Works. Established in 1881, it is regarded as the foundation for railway transportation equipment manufacturing in China, being the manufacturer of China’s first steam locomotive called “Rocket”. Today, the company’s product lines include 300km/h high-speed train, railway passenger cars (25G, 25T), urban rail cars (subway, light rail) and special vehicles (military vehicles, tilting trains, maglev trains). Tangshan Railway Vehicles Co., Ltd is currently cooperating with Siemens Transportation Systems Group (TS) to produce 350km/h high-speed trains. It has achieved the honor of becoming one of the first 103 innovative pilot enterprises in China.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 organizations 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. These risks and uncertainties include: the successful development and integration of the technology necessary to offer an integrated and flexible product development system solutions that is able to adequately respond to the evolving requirements of customers in multiple vertical industries; PTC’s ability to retain and maintain relationships with key customers and other strategic partners; the success of PTC’s customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; along with other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. The announcement of any particular deployment of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. References to customer successes are based upon a single user experience and such customer’s testimonial.

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