Arizona State University Signs Five-Year License Agreement with SciQuest for Integrated Procurement and Materials Management Solution.Business Editors/Health/Medical Writers/High-Tech Writers RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C. & TEMPE, Ariz.--(BUSINESS WIRE)--April 29, 2003-- Leading Research Institution Enhances Their Innovation Supply Chain to Improve Researcher Efficiency and Chemical Management Processes SciQuest, Inc. (Nasdaq: SQST) today announced a five-year license agreement with Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. for a campus-wide implementation of the HigherMarkets(TM) procurement automation and LifeCycle(TM) materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, solutions to improve researcher efficiency and chemical management processes. The agreement enhances Arizona State's Innovation Supply Chain by integrating all of SciQuest's solutions for supplier enablement Supplier Enablement is the process of electronically connecting suppliers (or other trading partners) to a company's supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company's back-office systems to exchange critical business , procurement automation and materials management. The Innovation Supply Chain provides a roadmap for efficiently integrating suppliers and research-intensive organizations to ensure that materials and information are distributed in the right quantities, to the right locations, at the right time. "This agreement provides a toolset that will help us to expand the capacity of our research community. Better processes can contribute to outcomes that are not only good for our university but can be supportive of the economic development of our region and our state," said Ray Jensen, associate vice president of administration for Arizona State University and president-elect of the National Association of Education Buyers. "By partnering with SciQuest, Arizona State is proactively implementing measures to more efficiently and cost-effectively manage the resources entrusted to us by our constituents, the citizens of Arizona." Arizona State University has secured user licenses for a university-wide rollout of the entire suite of SciQuest e-procurement and materials management solutions including: Supplier Enablement Campus users will have access to over 1,000 multi-commodity suppliers through the SciQuest Supplier Network. The agreement also includes the activation of up to 40 of the university's preferred suppliers through both hosted and punch-out interfaces. Procurement Automation Arizona State purchasing agents will utilize the HigherMarkets procurement automation solution to manage all aspects of the procurement process from product selection to settlement. The agreement provides for an end-to-end procurement solution including the Catalog Manager, Purchasing Assistant, Requisition A written demand; a formal request or requirement. The formal demand by one government upon another, or by the governor of one state upon the governor of another state, of the surrender of a fugitive from justice. The taking or seizure of property by government. Manager, Order Manager and Settlement Manager productivity modules. Materials Management The University has licensed the LifeCycle materials management platform for both chemical and stockroom management. LifeCycle offers modular inventory solutions that enable organizations to receive, track, monitor and dispose of critical research materials such as laboratory supplies and reagents. Arizona State University joins a growing community of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. innovators that have chosen SciQuest procurement and materials management solutions to reduce costs, improve productivity and fulfill obligations for secure chemical management practices. "This is a significant agreement that demonstrates SciQuest's comprehensive vision for the higher education market. Arizona State University was a pioneer in e-procurement and we are excited about delivering our complete solution set to them," said Stephen J. Wiehe, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SciQuest. "By choosing to implement integrated Innovation Supply Chain solutions, Arizona State University is building an infrastructure that will allow their research community to efficiently find, acquire and manage critical materials." About SciQuest SciQuest provides technology, services and domain expertise to optimize procurement and materials management for the life sciences, industrial research and higher education markets. SciQuest solutions enable research-intensive organizations to reduce costs, improve quality and speed the process of innovation by helping them find and acquire resources and manage the lifecycle of critical assets. Many of the world's leading pharmaceutical, biotechnology, chemical and academic organizations rely on SciQuest solutions to streamline the Innovation Supply Chain including GlaxoSmithKline, Pfizer, Roche, Schering-Plough Research Institute, Procter & Gamble, the Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute, at Troy, N.Y.; coeducational; founded and opened 1824 as Rensselaer School; chartered 1826. It was called Rensselaer Institute from 1837 to 1861. and Indiana University Indiana University, main campus at Bloomington; state supported; coeducational; chartered 1820 as a seminary, opened 1824. It became a college in 1828 and a university in 1838. The medical center (run jointly with Purdue Univ. . SciQuest is headquartered in Research Triangle Park, NC, with offices in Philadelphia, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and London. For more information about SciQuest, please visit www.sciquest.com or call +1-919-659-2100. About Arizona State University Arizona State University is one of the premier metropolitan public research universities in the nation. Enrolling more than 57,000 undergraduate, graduate, and professional students on three campuses in metropolitan Phoenix, ASU ASU Arizona State University (Tempe, AZ) ASU Appalachian State University ASU Arkansas State University ASU Angelo State University ASU Alabama State University ASU Australian Services Union maintains a tradition of academic excellence in core disciplines, and has become an important global center for innovative interdisciplinary teaching Interdisiplinary teaching is a method, or set of methods, used to teach a unit across different curricular disciplines. For example, the seventh grade Language Arts, Science and Social Studies teachers might work together to form an interdiscipinary unit on rivers. and research. ASU offers outstanding resources for study and research, including libraries and museums with important collections, studios and performing arts spaces for creative endeavor, and unsurpassed state-of-the-art scientific and technological laboratories and research facilities. Statements in this press release that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including all statements regarding benefits that may be derived from the HigherMarkets e-procurement solution. For such statements, the Company claims the protection of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The potential risks and uncertainties associated with these forward-looking statements could cause actual results to differ materially from those presented herein, and the reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements are discussed in the Company's Quarterly Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the period ended December 31, 2002, filed with the Securities and Exchange Commission, under the caption "Factors That May Affect Future Results". SciQuest and SelectSite are registered trademarks of SciQuest, Inc. LifeCycle and HigherMarkets are trademarks of SciQuest, Inc. |
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