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PRESS RELEASE

Date: 9th February 2005

Lucky Seven for Theorem Solutions

Seven CATIA V5 to ProductView CADverter Licences Supplied in Seven Weeks to Chinese Automotive Companies

Seven has proved to be a lucky number in China for PTC Gold Partner Theorem Solutions. Seven licences of its CATIA V5 to ProductView translator have been bought by new customers in the Chinese automotive industry during the past seven weeks.

Since the middle of December, the leading CAD data exchange specialist has supplied four licences to Chan Gan Automotive, plus single licences to Dongfeng Automotive and two other Chinese automotive companies. All seven translators are now installed, enabling 3D and 2D geometry conversion from CATIA V5 to PTC's ProductView visualisation system.

"The orders not only reflect rapid development within the Chinese automotive sector, but also their engineers' practice of specifying the best-in-class solution for specific needs," says Theorem's General Manager, Keith Jeacock. "Chinese motor plants frequently utilise several design, visualisation or data management systems from different vendors; with our world leading CADverter products providing fast, accurate and seamless data exchange between the disparate environments.

"These latest implementations reinforce the strong business links we have already established in China with customers such as the aerospace giant, AVIC, and the Shanghai Automotive Industry Corporation. I am therefore confident that demand for our translation products in this important market will continue to grow significantly during the next few years."

-ENDS-

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