Retail Market Momentum Continues for PTC with Major Sports Equipment Companys Selection of FlexPLM

PTC
(NASDAQ: PTC) today announced that JR286,
a premier global sports equipment and accessories company, selected
PTC’s FlexPLM® retail product lifecycle management (PLM)
software to support its product development process with real-time
visibility into product data and development stages across all areas of
its business.

Specializing in the sporting goods industry since 1989, JR286, Inc. is a
global leader in the design, development, manufacturing, and
distribution of branded and licensed sports equipment and accessories,
including licensed brands such as Nike, Hurley, and Walls. Headquartered
in Torrance, Calif., JR286 serves a global customer base with operations
in North America, China, Southeast Asia, and Europe.

JR286 sought a solution with proven capabilities to support its product
development process. PTC has a history of working with innovative
companies developing multiple categories of products in a single
solution. The existing capabilities of FlexPLM, combined with a
strategic vision and roadmap, will help support JR286 as it expands its
partnerships and product offerings. FlexPLM will deliver the needs of
design, engineering, marketing, product line management, and operations.

“JR286 is rapidly growing and will need to scale to continue to meet the
needs of our brand partners. To help support this growth, we looked for
a comprehensive retail and consumer products-focused PLM solution that
was both proven and innovative – and PTC’s FlexPLM software was the
perfect fit,” said Chris Beaudin, Head of IT, JR286.

[PTC’s] FlexPLM offers comprehensive retail PLM capabilities, including
line planning, specification management, merchandising, and other
essential PLM capabilities for managing a retailer’s complete assortment
of products. Designed for retail’s precise needs, PTC FlexPLM enables
companies to achieve faster time-to-value and develop more innovative
and profitable products.

“In today’s fast-paced and hypercompetitive environment, retailers and
consumer products companies are challenged to quickly identify the
latest trends and leverage their supply chains to respond to customer
demands. FlexPLM enables companies like JR286 to digitally transform
their product creation processes to overcome these challenges, shorten
cycle times, and take advantage of market opportunities,” said Eric
Symon, general manager, retail, PTC. “FlexPLM’s ability to support
environments ranging from single digit users to ten thousand plus will
enable JR286 to scale quickly to meet the needs of their brand partners.”

Future implementation phases could include FlexPLM Canvas™ for
collaborative concept creation and ThingWorx® Industrial
Innovation Platform powered dashboards to capitalize on the Internet of
Things (IoT).

Additional Resources

ConsiderationsThe announcement of a customer’s selection of
PTC software is not necessarily indicative of the timing of recognition
of related revenue or the amount of revenue for any particular period or
that any related implementation and deployment activities are complete.
Future software purchases may not occur when or as expected.

About PTC (NASDAQ: PTC)PTC helps companies around the world
reinvent the way they design, manufacture, operate, and service products
in and for a smart, connected world. In 1986 we revolutionized digital
3D design, and in 1998 were first to market with Internet-based product
lifecycle management. Today, our leading industrial innovation platform
and field-proven solutions enable you to unlock value at the convergence
of the physical and digital worlds. With PTC, manufacturers and an
ecosystem of partners and developers can capitalize on the promise of
the Internet of Things and augmented reality technology today and drive
the future of innovation.

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PTC, FlexPLM, Canvas, ThingWorx, and the PTC logo are trademarks or
registered trademarks of PTC Inc. or its subsidiaries in the United
States and other countries.

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