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.
About MKS
MKS enables organizations to reduce the overwhelming complexity of developing software intensive products thereby removing barriers to rapid innovation.
MKS Integrity™ manages all systems and software development processes and connects all engineering artifacts, including requirements, models, code and tests, ensuring comprehensive lifecycle traceability. MKS 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 MKS Integrity™, engineering teams improve productivity and quality, streamline compliance and gain complete product visibility, which ultimately drives more innovative products into the market.
With offices worldwide, MKS supports customers across industries including, Automotive, Aerospace and Defense, High Tech Electronics and Medical Devices. For more information about MKS and MKS Integrity™, visit our web site at http://www.mks.com.
Forward Looking Statements and Risks
This news release contains forward-looking statements, including statements about completion of the Arrangement, future results, integration of the companies’ technologies, and anticipated debt levels. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected, including the following: PTC and MKS may be unable to satisfy the closing conditions, which include obtaining MKS shareholder approval and regulatory approvals, and complete the transaction; PTC may be unable to successfully operate the businesses to achieve the expected financial results; PTC may be unable to successfully develop and integrate the technology necessary to offer an integrated solution that complements PTC’s product development system; PTC may be unable to retain and maintain relationships with key employees, customers and other strategic partners of MKS; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the U.S. Securities and Exchange Commission, including PTC’s most recent reports on Forms 10-K and 10-Q.
Additional Information and Where You Can Find It
This material is not a substitute for the management information circular that MKS intends to file with the Canadian securities regulatory authorities or any other documents which PTC or MKS may file or distribute in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE MANAGEMENT INFORMATION CIRCULAR AND ALL OTHER RELEVANT DOCUMENTS IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED ARRANGEMENT. Investors and securityholders may obtain any documents pertaining to the proposed Arrangement filed by MKS with SEDAR at www.sedar.com and filed by PTC at the SEC’s website ( www.sec.gov).
This announcement is for information purposes only and does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security.
PTC, the PTC logo and The Product Development Company are trademarks or registered trademarks of Parametric Technology Corporation and its subsidiaries in the United States and other countries.
MKS and MKS Integrity are trademarks or registered trademarks of MKS Inc. in Canada and other countries.
Contact:
PTC
Eric Snow, 781.370.6210
Email Contact
or
MKS
Doug
Sawatzky, 519.883.3252
Email Contact
