Hyundai Motors Selects PTC Windchill® For Its Drive and Power Train Business

Needham, MA, March 15, 2004 - PTC® (Nasdaq: PMTC) today announced that Hyundai Motor Company, the largest Automotive manufacturer in Korea, has selected PTC as a PLM solution provider for the Power Train Business Division. This contract marks the second PTC Windchill deployment for Hyundai Motor Company since its application by the Ulsan Tooling Center in 2001.