In May, MKS and its Integrity™ product line – which coordinates and manages all activities and artifacts associated with developing software-intensive products, including requirements, models, code and test, ensuring comprehensive lifecycle traceability – were acquired by PTC (Nasdaq: PMTC), the Product Development Company®.

NEEDHAM, Mass., June 10, 2011 – MKS, a PTC Company, today announced it was selected for inclusion in the 2011 “Cool Vendors for Product Design and Lifecycle Management” report published on April 14, 2011by Marc Halpern of Gartner Inc., a premier worldwide information technology research and advisory company. The company earned this distinction based on innovative, intriguing and impactful technology.

In May, MKS and its Integrity™ product line – which coordinates and manages all activities and artifacts associated with developing software-intensive products, including requirements, models, code and test, ensuring comprehensive lifecycle traceability – were acquired by PTC (Nasdaq: PMTC), the Product Development Company®.

In one of the study’s Key Findings, Gartner states: “Manufacturers aren't paying enough attention to system engineering, product requirements management and quality monitoring as software increasingly becomes part of manufactured products.”

“We are honored to be named one of Gartner’s ‘Cool Vendors,’” said Michael Harris, president and general manager, Integrity business unit at PTC (formerly MKS president and CEO). “We believe Gartner’s analysis affirms our strategic direction and industry focus. Our customers are consistently seeing the benefits of this approach, including improved release predictability, more rapid innovation, reduced overhead in compliance to standards and regulations, and higher product and process quality."

About Gartner’s Cool Vendors Selection Process
Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About Integrity, a PTC Product
Integrity manages all systems and software development processes and connects all engineering artifacts, including requirements, models, code and test, ensuring comprehensive lifecycle traceability. Integrity's open architecture integrates disparate tools into a streamlined engineering process, allowing orchestration of engineering change and collaboration across the technology supply chain. With Integrity, engineering teams improve productivity and quality, streamline compliance and gain complete product visibility, which ultimately drives more innovative products into the market.

About PTC

PTC (Nasdaq: PMTC), The Product Development Company, develops, markets and supports product development software solutions and related services that help companies achieve their product development strategies and optimize their processes. Using the company’s tightly integrated CAD and enterprise PLM solutions, organizations are better able to create and manage product information throughout the lifecycle for optimal product development success. For more information, please visit www.ptc.com.

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PTC, The Product Development Company, MKS Integrity and all other 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.

Statements in this press release about the expected effect of the acquisition on PTC’s market opportunities and the integration of the products are forward-looking statements and actual results may differ if the products are not integrated when PTC expects or if customers do not adopt the solutions as PTC expects.