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PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 40,000 companies worldwide.

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PTC is included in the S&P 500 and Russell 2000 indices. For more information on PTC, please visit 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 PTC's ability to successfully develop, integrate and support the technology necessary to deliver products and services suitable for aerospace and defense customers, to successfully work across a diversified and expanded user base to deliver, integrate and support products and services implemented in heterogeneous and geographically disperse environments, and to successfully attract and enter into relationships with strategic partners, and effectively coordinate and manage sales and marketing activities with these third parties in order to help prospective customers understand the benefits of our software solutions, including interoperability, quality, return on investment and value creation together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q.

PTC, the PTC logo, The Product Development Company, Pro/ENGINEER, Windchill, Mechanica and all PTC product names are trademarks or registered trademarks of Parametric Technology Corporation in the United States and in other countries.

  Petra Horstmann-Diederichs, +49 (0)89 32106-414
  Corporate Communications Europe
  Weber Shandwick
  Amanda Keane, +1 617-520-7260

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Press Release
Starchaser and PTC Renew Partnership For Space Success(November, 2006)

Starchaser Uses Pro/ENGINEER(R) to Drive Product Innovation for Its Space Initiative

NEEDHAM, Mass.--(BUSINESS WIRE)--Nov. 15, 2006--PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that Starchaser Industries, a privately held high tech company, renewed its commitment to Pro/ENGINEER, the PTC integrated CAD/CAM/CAE solution, for another three years. Starchaser Industries is specialized in the development, operation and commercialization of space-related products for both the emerging micro-satellite and space tourism markets. PTC Pro/ENGINEER in combination with Pro/ENGINEER Mechanica(R) is used in all areas of research and development for rockets, rocket engines and other systems. Pro/ENGINEER is playing a vital role in the development of the new STORM bi-liquid rocket engine.

Developing Reusable Launch Vehicles and the associated systems and technologies, Starchaser faces many technical and commercial challenges. Starchaser's unique approach is to develop solutions which are robust, reliable and reusable but also affordable, that meet demanding weight and performance requirements.

"Without the use of PTC software we would have found it virtually impossible to remain competitive," said Steve Bennett, managing director, Starchaser Industries. "Pro/ENGINEER helped us to drastically reduce costs as well as saving us precious development time. Our designers can quickly transfer the brainstorming ideas into product design followed by simulation and analysis and it all takes place within the same environment."

From Formula 1 to NASCAR to America's Cup sailing, the world's best performance teams partner with PTC through PTC's Performance Partner Program to support their advanced and demanding design, development and manufacturing projects.

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About Starchaser
Starchaser Industries is a privately held, high technology company, specialized in the development, operation and commercialization of space related products and services. Starchaser enables new space related business opportunities by providing safe, reliable, affordable and reusable access to space for both the space tourism and micro-satellite launch markets.

Founded in 1992 by current CEO Steve Bennett, the company is staffed by a highly skilled, innovative and motivated workforce. With Offices in both the UK and US, Starchaser are at the vanguard of the new commercial space industry. R&D activities are located at the UK facility in Hyde Cheshire with Launch operations and logistics located in Las Cruces New Mexico.

Starchaser Industries have approved ESA bidder status and are members of many industry/professional organizations including: The Institute of Directors, the Association of Specialist Technical Organisations for Space (ASTOS), associate members of the UK North West Aerospace Alliance (NWAA) and members of the High-Tech Consortium of Southern New Mexico. For more information please visit www.starchaser.co.uk
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