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CFX Selects PTC MCAD Solutions

Posted By: Paul Jackson
Date:Tue, 26 Feb 2002, 3:47 p.m.

Waterloo, Canada - February 26th, 2002 - CFX, a division of AEA Technology plc and a leading supplier of Computational Fluid Dynamics (CFD) software and services to the chemical, manufacturing and power generation industries, announced today that it has established an enterprise software partner alliance (ESP) with PTC (Nasdaq:PMTC), The Product Development Company. CFX has selected PTC because of its product breadth and depth that satisfy the design needs of every type of manufacturer. Through PTC's ESP program, CFX will improve customers' efficiency and profitability by delivering outstanding CFD solutions and support. " This alliance with CFX is a testament to PTC's commitment to improving the product development process for our customers. The combined offering will allow our customers to perform analyses on the most complex geometries and applications," observed Nick Maly, PTC ESP program manager.

CFX-5 best in class software from CFX, contains very powerful tools and efficient features, such as CAD interfaces to read geometries directly from leading CAD systems such as Pro/ENGINEER without losing information. This feature along with meshing flexibility, superior solver technology, scalable parallelization and qualitative/quantitative post-processing make CFX-5 an advanced and easy-to-use CFD tool.

"CFX is committed to providing the flexible interfaces to geometry creation tools that will increase productivity and decrease the design cycle to make our customers more successful. The ability to directly import CAD geometry from a powerful CAD package such as Pro/ENGINEER provides our customers with tremendous time and cost savings compared to other less direct import methods. Together with PTC, we are helping customers develop superior products," commented Dr. Brad Hutchinson, Vice President of CFX Mechanical Engineering.

About CFX and AEA Technology The CFX division of AEA Technology plc, develops software for fluid flow analysis, offers consulting services, performs application projects and participates in development and research projects funded by industrial clients and public institutions. CFX-5 is best in class Computational Fluid Dynamics software for fluid flow analysis and design optimization. CFX-5 is well known for its excellent performance on parallel computer platforms running on UNIX, NT and Linux. CFX clients are supported globally by more than 200 qualified and experienced staff members. More information is available at www.cfx.aeat.com

AEA Technology plc is an innovation business supplying technical, safety and environmental solutions to a broad range of industries world wide. AEA Technology (LSE:AAT) employs nearly 3,500 staff in more than 70 locations worldwide, bringing science to the market place through consultancy, technical services, hardware and software systems, research, development and technology transfer.

For more information visit www.cfx.aeat.com or contact Chris Reeves at 1-519-886-8435 or chris.reeves@cfx.aeat.com

About PTC PTC (NASDAQ:PMTC) develops, markets, and supports software solutions that help manufacturers win with superior products to market before their competitors. PTC is the world's largest software company with a total commitment to product development. The company services more than 33,000 customers worldwide. Further information on PTC is available at www.ptc.com.

Matters discussed in this news release may constitute forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those projected. These include the ability of PTC and CFX to anticipate and adequately respond to evolving customer requirements and successfully develop, integrate and support their respective technologies to deliver products and services that meet those requirements together with those detailed 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 Product Development Company and Pro/ENGINEER are trademarks or registered trademarks of Parametric Technology Corporation.

http://www.cfx.aeat.com


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