NEEDHAM, MA. – June 2, 2010 - PTC (Nasdaq: PMTC), the Product Development Company®, today announced that Ingersoll Rand, a global diversified industrial company, is leveraging Windchill®, the PTC® Product Lifecycle Management (PLM) software, to successfully implement outcome driven innovation – the practice of asking its customers what outcomes they want and then consistently delivering those end results the first time. By eliminating the need for revisions, Ingersoll Rand is able to reduce costs and drive competitive products to market faster.

As the world leader in creating and sustaining safe, comfortable and efficient environments for its customers, Ingersoll Rand has made a customer commitment to deliver the kind of outcome they want right from the start – to innovate, rather than iterate. By using Windchill to increase early collaborating across multiple business units and times zones, the company is reducing the need to make changes later in the product development cycle when alterations are more costly and time consuming to correct. As a result, Ingersoll Rand is now more efficiently producing the high quality products its customers need to be competitive.

“Any company can go back and make adjustments to a product to help customers meet their goals,” said George Ashley, Global Director of Virtual Engineering, Ingersoll Rand. “By eliminating that alteration and iteration step and delivering the goal outcome from the start, we are further separating ourselves from the competition and positioning ourselves as innovation leaders.”

In addition, Ingersoll Rand is also leveraging Windchill to unite its transforming and growing business. Specifically, with the completion of the Trane acquisition, Ingersoll Rand doubled in size. In order to realize its PLM objectives and share data across its newly diverse product lines, the company turned to Windchill to consolidate disparate systems and more efficiently unite now doubled departments and sources of product data.

“After any acquisition, consolidation becomes a major challenge to overcome,” said Teddy Bekele, Global IT Director for Engineering, Ingersoll Rand. “For us though, the answer was simple – continue to standardize on Windchill.”

“PTC and Ingersoll Rand have been longtime strategic technology partners,” said James E. Heppelmann, president and chief operating officer, PTC. “Ingersoll Rand’s standardization on Windchill for PLM allows them to optimize collaboration and successfully grow their product portfolio while targeting new markets. We are appreciative that companies like Ingersoll Rand choose PTC to help them address the challenges in their evolving businesses.”

About Ingersoll Rand
Ingersoll Rand (NYSE:IR) is a world leader in creating and sustaining safe, comfortable and efficient environments in commercial, residential and industrial markets. Our people and our family of brands—including Club Car®, Hussmann®, Ingersoll Rand®, Schlage®, Thermo King® and Trane®—work together to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. We are a $13 billion global business committed to sustainable business practices within our company and for our customers. For more information, please visit www.ingersollrand.com.

About PTC
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit www.ptc.com.

The announcement of any particular selection of PTC software is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.

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