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Tuesday, Mar 19, 2002 4:00 AM

RESEARCH TRIANGLE PARK, N.C., March 19, 2002 - Geomagic announced today that it has signed an agreement with PTC (Nasdaq: PMTC), the product development company™, to offer end-user interoperability solutions built on PTC's Granite One. Granite One is an interoperability platform based on the unmatched geometry, feature and data exchange capabilities at the core of Pro/ENGINEER™, PTC's market-leading 3D product development software.

Under the agreement, future versions of Geomagic Wrap, Geomagic's software that automatically converts points to polygons, and Geomagic Qualify, the company's graphics-based quality assurance solution, will be built on PTC's Granite technology.

"Through Granite, PTC is allowing companies like Geomagic to develop applications that give customers the tools necessary to create exceptional products," says Brian Shepherd, senior vice president, MCAD Solutions & Technical Marketing, PTC. "Granite's associative interoperability ensures a smooth path between Geomagic and other products built on Granite, such as Pro/ENGINEER."

"Geomagic has pioneered intuitive solutions for processing points and polygons into Pro/ENGINEER and other CAD-compatible solid or surface models," says Peter Scott, Geomagic's vice president of engineering. "Adding Granite One gives us a feedback loop from CAD files into Geomagic software. This will open up new opportunities in reverse engineering and quality inspection applications."

Within Geomagic Qualify, for example, Granite One will allow Pro/ENGINEER models with features to be used as the master file for comparisons with points obtained from scanning a physical part. Geomagic Qualify users will only have to set up a comparison once to benefit from an automated, repeatable and accurate inspection process.

About Geomagic
Geomagic (www.geomagic.com) provides 3D photography solutions for digital manufacturing, mass customization and quality assurance. In addition to its flagship products, Geomagic Studio and Geomagic Qualify, Geomagic offers customized software for vertical markets such as hearing instruments and dental devices. Manufacturers worldwide - including Toyota, Harley-Davidson, Fisher-Price, Align and many others - turn to Geomagic to provide the technology for customizing products, automating processes, and increasing throughput.

About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers get 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 32,000 customers worldwide. Further information on PTC is available at www.ptc.com

 

Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: the acceptance of Granite as a development kernel and CAD interoperability solution; the success of any development efforts for products incorporating Granite; the potential for Granite to be used to develop products that compete with PTC offerings; and PTC's effective coordination and management of joint activities with software partners in order to deliver products, services and support that meet evolving customer requirements, together with such other risks and uncertainties as are detailed from time to time 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, GRANITE, Pro/ENGINEER and all PTC product names and logos are trademarks or registered trademarks of Parametric technology Corporation or it subsidiaries in the United States and in other Countries.

About Geomagic

Geomagic (www.geomagic.com) is a global company dedicated to advancing and applying 3D technology for the benefit of humanity. Geomagic’s scanning and design software solutions are used to capture and model 3D content from physical objects, organically sculpt complex shapes, and prepare products for manufacturing. In addition, the company produces powerful 3D metrology and inspection software that verifies dimensional quality by comparing as-built products to master designs. Geomagic’s Sensable Phantom haptic devices simulate the sense of touch in a digital environment. 

Geomagic’s software and hardware are utilized by world-class customers in a variety of industries, including aerospace, automotive, medical, consumer products, toys, collectibles, coindesign, jewelry, fine art, heritage restoration, research, education, mold making, entertainment, training and surgical simulation. In fact, some of the world’s leading companies and research organizationsuse Geomagic software, including Ford, BMW,Boeing, Harley DavidsonTimberland, Mattel/Fisher Price, Lego, Pratt & WhitneyNASA, Schneider Electronic, 3M, Danaher and Invisalign. Geomagic is based in Research Triangle Park, N.C., USA, with an office in Boston, subsidiaries in Europe and Asia, and channel partners worldwide.

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Geomagic, Geomagic Studio, Geomagic Qualify, Geomagic Qualify Probe, Geomagic Spark, Wrap, Geomagic Wrap, Phantom, OpenHaptics, Omni, Freeform, Claytools, Sensable and Sensable Technologies, Inc. are trademarks or registered trademarks of Geomagic Inc.  All other trademarks are the property of their respective owners.

Media Contact:

Rachael Taggart
Geomagic, Inc.
+(1) 919-474-0135
Contact Rachael