Journey Publishing and PTC Enhance Accessibility of Design Software to "PLM Engineers of The Future"

Announce Price Reduction and Availability of Pro/ENGINEER and Pro/MECHANICA to Professionals As Well as Students

NEEDHAM, Mass. - August 27, 2002 - Journey Publishing Inc. and PTC (Nasdaq: PMTC), the product development companyTM, today announced several initiatives aimed at making PTC's product development software even more accessible for personal educational use by students and, for the first time, professionals.

Among the developments announced today:

The Pro/ENGINEER and Pro/MECHANICA Student Editions have been combined in a single Pro/ENGINEER Student Edition Suite.

The Student Edition Suite is now priced at $149.98, compared to the previous price of $199.98 for Pro/ENGINEER, $149.98 for Pro/MECHANICA and $399.98 if both were purchased at the same time.

Journey's editions of PTC software will now be available for personal educational use by professional engineers, as well as students, allowing professionals to use Pro/ENGINEER and Pro/MECHANICA when taking courses or refreshing job skills.

Through its Partnership for Innovative Learning, PTC provides educators with affordably priced Pro/ENGINEER, Pro/MECHANICA and other PTC software for use on campus. Journey's student editions allow students to use this software for educational purposes at home and other off-campus settings. "PTC and Journey are committed to helping educators provide students with the real world skills they will need when they go to work in private industry," said Journey Publishing General Manager Janet Drumm. John Stuart, senior vice president of education at PTC, said, "Manufacturers increasingly need to hire young engineers who are familiar with the full range of technology underpinning product lifecycle management. PTC's Partnership for Innovative Learning is designed to help educators train those young engineers. The student edition is a key component in our efforts to support educators as they teach engineers of the future. We're pleased that Journey is making it even more accessible than in the past."

The Pro/ENGINEER Student Edition includes interactive surface design, advanced surface design, advanced assembly, behavioral modeling, mechanism design and design animation.

Pro/MECHANICA provides the industry's premier design and analysis tool that simulates how a product will function in its intended environment. Pro/MECHANICA includes structural simulation, motion simulation and thermal simulation.

The two products together enable students to create designs, including those that are driven by specific objectives and desired functional behavior, and to test them in a simulated real-world environment. Students at the top 30 U.S. engineering colleges, as ranked by U.S. News and World Report, are learning to use Pro/ENGINEER. Further underscoring the product's leadership, Pro/ENGINEER is also taught at an additional 400 U. S. universities and 1,000 universities in other countries.

Pricing and Availability

The Pro/ENGINEER Student Edition Suite is available now and is priced at US $149.98. Customers need to sign the PTC License Agreement at the time of purchase.

The suite is available in the United States, Canada, Europe, Mexico, Australia and New Zealand and Japan. Pro/ENGINEER is available in English, French, Italian, German, Japanese and Spanish. Pro/MECHANICA is available in English, French, German and Japanese.

Orders may be placed at the Journey Publishing Web site at www.ProEStudent.com or www.JourneyEd.com. 

For information about the PTC Partnership for Innovative Learning go to the following URL: http://www.ptc.com/for/education/index.htm.

About Journey Publishing Inc.

Journey Publishing Inc. is a wholly owned subsidiary of Journey Education. Journey Education Marketing, Inc. is the leading multi-channel software marketer to the post-secondary academic market that includes students, faculty, staff and educational institutions. Journey offers more than 6,000 academic software and technology products at deep discounts to verified academic buyers. 

www.JourneyEd.com 

About PTC

PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers win with superior products. PTC is the world's largest software company with a total commitment to product development. The company services more than 33,000 customers worldwide. 

http://www.ptc.com 

 

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