PTC Forms Strategic Alliance with Vodafone Business, Enabling Customers to Develop New IoT and Augmented Reality Applications

Alliance Pairs PTC’s Rapid IoT and Augmented Reality Application
Development, Expertise, and Ecosystem with Vodafone’s Global IoT Platform

BOSTON–(BUSINESS WIRE)–#DigitalTransformation—PTC
(NASDAQ: PTC) and Vodafone Business today announced from the LiveWorx^®digital transformation event a strategic alliance that builds on
an existing three-year relationship
and will enable customers across multiple industry segments to rapidly
develop and deploy revenue-generating IoT and AR applications.

Commencing in June 2019, this alliance will combine the strengths of
both companies to enable customers to more simply create an end-to-end
solution to solve business challenges. These challenges could include
improving the customer experience, reducing the cost of operations, or
building better products and services. By enabling smart decision-making
capabilities, supporting rapid development, and tapping into existing
expertise, the companies aim to significantly reduce extended
development processes, enabling companies to scale at a much quicker
pace.

“This strategic alliance demonstrates our commitment to one another and
to the companies around the world that are choosing our solution for
their digital transformation journeys,” said Jim Heppelmann, president
and CEO, PTC.

“The opportunities for IoT and AR solutions in all industry sectors are
enormous and we want businesses of all sizes across the globe to be able
to leverage the power of IoT to drive better outcomes for themselves and
their customers,” said Stefano Gastaut, IoT director, Vodafone Business.

PTC and Vodafone Business will showcase the capabilities of the alliance
at PTC’s annual digital transformation event, LiveWorx,
between June 10-13 in Boston.

Additional Resources

• PTC
  IoT Solutions
• PTC
  Augmented Reality Solutions
• PTC
  Strategic Alliances
• Press release: PTC’s
  ThingWorx Application Enablement Platform Chosen by Vodafone for Rapid
  IoT Application Development
• Vodafone
  Customizes Smart City Industrial IoT Solutions by Partnering With
  ThingWorx

The announcement of any particular selection or implementation of PTC
products is not necessarily indicative of the timing of recognition of
revenue therefrom or the level of revenue for any particular period.

The timing of any product release, including any features or
functionality, is subject to change at PTC’s discretion.

About Vodafone Group
Vodafone Group is one of the world’s
leading telecoms and technology service providers. We have extensive
experience in connectivity, convergence and the Internet of Things, as
well as championing mobile financial services and digital transformation
in emerging markets.

Vodafone Group has mobile operations in 25 countries, partners with
mobile networks in 41 more, and fixed broadband operations in 19
markets. As of 31 March 2019, Vodafone Group had approximately 650
million mobile customers, 19 million fixed broadband customers and 14
million TV customers, including all of the customers in Vodafone’s joint
ventures and associates. For more information, please visit: www.vodafone.com.

About PTC (NASDAQ: PTC)
PTC unleashes industrial innovation
with award-winning, market-proven solutions that enable companies to
differentiate their products and services, improve operational
excellence, and increase workforce productivity. With PTC, and its
partner ecosystem, manufacturers can capitalize on the promise of
today’s new technology to drive digital transformation.

PTC, 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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Contacts

PTC
Corporate Communications
Jack McAvoy
jmcavoy@ptc.com