|FOR IMMEDIATE RELEASE: JUNE
For more information, please contact:
Jeff Walden, yet2.com, Inc.
775-832-1700 x 242
17 Monsignor O'Brien Highway
Cambridge, MA 02141
BAE SYSTEMS, BellSouth, and Bridgestone
Join yet2.com Team
yet2.com connects major R&D powerhouses
from around the world
Boston, Massachusetts yet2.com, the
leading provider of products and services for the exchange of intellectual
assets on the Internet, announced today that BAE SYSTEMS, BellSouth, and
the Bridgestone Corporation have committed to work with yet2.com
to optimize and leverage their technology portfolios. "That companies
from North America, Asia, and Europe are supporting yet2.com at
the same time points out the increasingly global nature of R&D and
technology transfer," says Chris DeBleser, yet2.com CEO.
BAE SYSTEMS, BellSouth, and Bridgestone join over 50 other companies with
global reach that have entered into a relationship with yet2.com
that has enabled each company to pursue new revenue opportunities for
buying and selling technology. They include many of the most respected
names in technology and intellectual property and represent the diversity
of the world's technology, encompassing many industries, technical specialties,
and geographies. They've agreed to help yet2.com build its marketplace,
provide yet2.com the rights to market much of their technology
on the Internet, help yet2.com promote the market in their industries,
and lend yet2.com their insights into how to make the services
of the company more useful. Hundreds of additional companies are also
members of yet2.com. Together, yet2.com partners account
for about 30% of all global R&D spending.
"The world is becoming a single R&D lab," commented Ben DuPont, president
of yet2.com. "Technologies, processes, and know-how from Europe
are incorporated into projects underway in Asia or North America. Know-how
from the Americas gets licensed to companies in Asia or the EU. It's a
All three organizations, BAE SYSTEMS, Bridgestone, and BellSouth, operate
multi-nationally and are known for their strong commitment to R&D.
BAE SYSTEMS is a systems company innovating for a safer world. BAE SYSTEMS
employs nearly 100,000 people and has annual sales of around £13 billion.
The company offers a global capability in air, sea, land and space with
a world-class prime contracting ability supported by a range of key skills.
BAE SYSTEMS designs, manufactures and supports military aircraft, surface
ships, submarines, space systems, radar, avionics, communications, electronics,
guided weapon systems and a range of other defence products. BAE SYSTEMS
is dedicated to making the intelligent connections needed to deliver innovative
"BAE SYSTEMS invests intensively in research and technology but no business
has a monopoly on creating innovative technology or the ability to directly
exploit all possible applications." says Lambert Dopping-Hepenstal, Director
of Advanced Technology at BAE SYSTEMS. "yet2.com makes connections
between the developers of technology and those searching for solutions
and will be a significant partner helping us to yield value from our technology
"BellSouth continues to develop state-of-the-art innovations to meet the
ever changing demands of the telecom industry," says Scott Frank, president
of BellSouth Intellectual Property Management and Marketing Corps. "Many
of these innovative solutions, software, and technologies have been licensed
to other companies with similar challenges and needs. We expect yet2.com
to help us license even more of BellSouth's proven innovations."
BellSouth Corporation is a Fortune 100 communications services company
headquartered in Atlanta, GA, serving nearly 45 million customers in the
United States and 14 other countries. BellSouth owns 40 percent of Cingular
Wireless, the US's second largest wireless company, which provides innovative
wireless data and voice services.
"Every organization must invest in research for the long-term health of
its business," says Yasuhiro Takeda, General Manager, Intellectual Property
Department at Bridgestone. "However, not every organization can use all
the technology that emerges from such research. And even the largest organization
cannot invent everything it needs." yet2.com helps companies assess
their technology needs as well as assess their technology portfolios,
providing marketing services and technology promotion in addition to the
world's largest Internet site devoted to technology transfer between disparate
organizations. Bridgestone's operations in Japan command a nearly 50%
share of the tire market. In Japan, Bridgestone maintains a dominant share
of the tire market and also is a leader in several diversified products.
Its Tokyo Technical Center is the hub of the company's global R&D
activities. Bridgestone's globalization began in Southeast Asia, where
the company has produced tires in Thailand for more than three decades.
Today, Bridgestone and its subsidiaries make tires and other products
in 24 countries around the world. American subsidiary Bridgestone/ Firestone's
North American operations also include R&D facilities, a network of
2,200 company-owned tire stores, and strong positions in other diversified
R&D at Bridgestone also addresses products besides tires, and materials
besides rubber. The company develops products for vibration-isolating
and noise-insulating materials, polyurethane foam products, office equipment
components, industrial rubber products, building materials, belts, hoses,
marine products, and others. Its activity in developing non-rubber materials
includes a variety of industrial applications such as Quick Response Liquid
Powder Displays using Nanotechnologies.
Both basic research and product development at Bridgestone encompass much
more than the chemistry and molding technology readily associated with
tires and rubber. Advancing the state of the art in tires also demands
capabilities in such fields as electrical engineering, physics, and advanced
mathematics. Bridgestone's broad attainment in those and other fields
enables it to devise comprehensive solutions to tire and other needs.
And the company's vast R&D network enables Bridgestone Group companies
to devise those solutions locally in the world's largest markets.
Combining a network of leading global technology companies, industry best
practices, and online technology transfer market expertise, yet2.com
is driving its clients' shareholder value by enabling efficient multi-industry,
global technology transfer partnerships. yet2.com's business is
centered on an online marketplace for buying and selling licensable technologies
and offers a range of professional services and products tailored to assist
companies as they grow and optimize their technology transfer and intellectual
asset management programs. With its headquarters in Cambridge, Massachusetts,
USA, yet2.com also has offices in Europe and Asia. For more information
yet2.com, 17 Monsignor O'Brien Highway, Second Floor, Cambridge,