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PTC Customer Cirrus Aircraft to Display Award-Winning First Single Engine Personal Jet at LiveWorx 18

PTC
(NASDAQ: PTC) today announced that long-time customer Cirrus Aircraft
will display its Vision®
Jet, a recipient of the prestigious 2017 Robert
J. Collier Trophy, at this year’s sold-out LiveWorx
digital transformation conference. Designed and developed using PTC’s
Creo® CAD software and PTC’s Windchill®
collaboration software, the Vision Jet was lauded by the National
Aeronautic Association for revolutionizing general and personal aviation
as the world’s first single-engine Personal Jet™.

“Exciting new technologies are changing the world of product design, and
we’re honored to play a role in Cirrus Aircraft’s innovative approach to
developing its transformational jet,” said Matt Cohen, executive vice
president, Field Operations, PTC. “We congratulate the team on its
exalted recognition, and enthusiastically welcome them to the esteemed
company of LiveWorx 2018’s disruptive technology showcases.”

The Vision Jet created a new category in aviation and further defined
its significance with the inclusion of the Cirrus Airframe Parachute
System® (CAPS®). Unique to Cirrus Aircraft since
the launch of the first SR Series aircraft in 1999, CAPS is the first
FAA-certified whole airframe parachute system included as standard
equipment on an aircraft and has continuously redefined safety in
aviation. The inclusion of CAPS on the Vision Jet marks a major
engineering milestone in the design and development of jet aircraft and
signifies the ability to further transform aircraft safety at heights
and speeds never before imagined.

In concert with keynote presentations from aviation and space research
pioneers like William H. Gerstenmaier, associate administrator, Human
Exploration and Operations, NASA, the Cirrus Aircraft Vision Jet adds
another dimension to the LiveWorx experience. PTC selected Cirrus
Aircraft to participate in a demonstration of its next generation
capabilities using PTC’s breakthrough augmented reality technology, the
Vuforia® Studio platform, at this year’s LiveWorx.
This solution has the potential to intelligently guide owners through
essential daily maintenance tasks, such as aircraft preflight checks.

“With a core mission to create safer aircraft, safer pilots, and safer
skies, we look forward to joining the dynamic roster of LiveWorx
participants, connected by a shared passion to transform the world of
tomorrow,” said Pat Waddick, president, Innovation & Operations, Cirrus
Aircraft.

About Cirrus AircraftCirrus Aircraft is the
recognized global leader in personal aviation and the maker of the
best-selling SR Series piston aircraft and the Vision® Jet,
the world’s first single-engine Personal Jet, as well as the recipient
of the 2017 Robert J. Collier Trophy. Founded in 1984, the company has
redefined performance, comfort and safety in aviation with innovations
like the Cirrus Airframe Parachute System® (CAPS®)
– the first FAA-certified whole-airframe parachute safety system
included as standard equipment on an aircraft. To date, worldwide flight
time on Cirrus aircraft has passed nine million hours and 153 people
have returned home safely to their families as a result of the inclusion
of CAPS as a standard feature on all Cirrus aircraft. The company has
three locations in the United States, located in Duluth, Minnesota,
Grand Forks, North Dakota and Knoxville, Tennessee. Find out more at www.cirrusaircraft.com.

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, Creo, Windchill, Vuforia, LiveWorx, 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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