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 Press Release

25 Percent of All Global R&D in the Auto Industry Now Available on The World's First Online Cross-Industry Exchange for Buying and Selling Technology

CAMBRIDGE, MASS. -- June 12, 2000 --,  the first cross-industry global marketplace for the exchange of technology on the Internet, announced that companies responsible for approximately 25 percent of all R&D in the auto industry worldwide will trade their innovation assets on   Bosch, Delphi Automotive Systems, Denso Corporation, Ford Motor Company, Porsche and Toyota will exclusively list their combined $15 billion in R&D spending on´s  technology exchange. These companies provide users with access to every facet of the automotive industry including components, systems and manufacturers.

"  is a natural marketplace for Porsche to trade its innovations," said Jurgen Herrman, general manager, patents and licenses, Porsche AG. "Our business is built on the profitable collaboration with other enterprises. And,  ideally complements this approach, it provides Porsche with exposure to multiple industries worldwide helping us to discover applications for our technologies both inside and outside the automotive industry."

These companies join the growing list of founding sponsors on´s  marketplace. The leading technology companies include 3M, Agfa-Gevaert Group, Arthur D. Little, Asahi Glass Company, BASF, Battelle, The Boeing Company, British Telecommunications, Ciba Specialty Chemicals, Dow Chemical, DuPont, EPRI, Fuji Photo Film Company, Honeywell, Kao Corporation, Mitsubishi Chemical Corporation, Mitsui Chemicals, Monsanto, Philips Electronics, Pitney Bowes, Polaroid Corporation, Procter & Gamble, Rockwell, SAIC, Sandia National Laboratories, Shell Global Solutions, Siemens, Sumitomo Electric Industries, Toray Industries, Toshiba Corporation, TRW and the University of Michigan.

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