PTC (Nasdaq: PMTC), the Product Development Company®, today announced that JCPenney, one of the nation's largest department store retailers, has selected the PTC Retail, Footwear and Apparel solution, FlexPLM™. The PTC solution will provide JCPenney with a scalable solution to manage and control its product specification, improve collaboration among its global design partners and reduce overall design and manufacturing cycle times.

As a North American-based company with suppliers and offices located around the globe, JCPenney was looking for a PLM solution to meet its robust demands for global access to product specification information. JCPenney selected PTC FlexPLM because it offered the scalability to manage the global product data of the retail giant.

FlexPLM enables organizations like JCPenney to scale product development across multiple teams located in numerous geographical locations worldwide. FlexPLM delivers an intuitive set of automated tools in a unified user environment to streamline communication, track milestones, pre-empt performance bottlenecks and provide instant visibility of product development steps.

"JCPenney selected PTC to manage and streamline our process for our home office associates, our vendors and International Buying Offices because it delivers a best-in-class technology with a proven track record of PLM success in the retail, footwear and apparel market,” Jennifer Pritchard, director of cycle time reduction for JCPenney.

FlexPLM leverages the power and scalability of Windchill®, PTC’s content and process management solution, to enhance the product development process by providing a single source of visibility to key product information throughout the entire process from concept development to quality assurance. FlexPLM is the only enterprise PLM solution that is web-based, fully configurable, scalable and able to manage complex workflow processes of a trend-based retail, footwear and apparel industry. The PTC solution enables global organizations to manage the interdependent relationships among product designers, material suppliers, testing service providers and other third party vendors in order to facilitate communication among the groups.

"Globalization, fast fashion and the need to reduce time between design concept and delivery to consumer are three drivers leading players in the retail, footwear and apparel industry to implement PLM solutions," said Kathleen Mitford, vice president, vertical market strategy, PTC. "PTC solutions enable leading national and international brand retailers to carve out competitive advantage by refining PLM processes in order to drive top line revenue, increase operational efficiency and improve supply chain collaboration.”

About PTC Solutions for Retail, Footwear and Apparel

PTC® solutions for retail, footwear and apparel are designed to meet the product lifecycle management requirements of retailers, branded manufacturers and their suppliers. These web-based solutions are comprised of FlexPLM™ and provide configurable functionality and information visibility across the enterprise and its supply chain. PTC is a leading provider to top retail, footwear and apparel brands worldwide.

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 include: our ability to continue to successfully develop and integrate the technology necessary to offer an integrated product development system for the Retail, Footwear and Apparel industry that adequately responds to evolving customer requirements including the system’s ability to facilitate global product development and control all aspects of the development cycle so that products are delivered to the marketplace quickly; the continued growth in the adoption of PLM solutions by these customers and our ability to maintain key customer relationships providing the foundation for repeat business; and our ability to achieve our growth and profitability objectives by extending our solutions to vertical industries, beyond the discreet manufacturing verticals traditionally served by PTC; as well as 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 selection of PTC products is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period.

PTC and its logo, The Product Development Company, FlexPLM, Wildfire and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.

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