Boeing and Commerce One Initiative to Accelerate Enablement of Trading Partners Onto Exostar.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Sept. 19, 2000 New Capability Will Speed the Participation of Boeing's Trading Community in the Exostar E-Marketplace Commerce One (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ) today announced the successful completion of a pilot program with Boeing (NYSE NYSE See: New York Stock Exchange :BA) to link their trading partners to Exostar, the Aerospace & Defense industry's global e-marketplace. Boeing is a founding partner of Exostar. As announced today at the eLink 2000 conference in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Commerce One and Boeing have been working jointly for the past several months to develop a technology solution to connect suppliers who utilize Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) to the Exchange. The joint solution has successfully completed trials and is now being deployed to connect EDI suppliers to Exostar. Commerce One is also working with GE Global exchange Services (GXS GXS Global Exchange Services (GE) GXS Gun X Sword (anime) ) (NYSE:GE) to jointly develop technology and services that will further support these efforts, and will result in the connection of hundreds of members of the trading community to the Exostar e-marketplace. Future plans include integrating the XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Portal Connector product from Commerce One on the buyer's side while leveraging GXS's full suite of integration capabilities to ensure liquidity for suppliers as well as buyers. This effort has the potential to drive significant transaction volumes onto Exostar in a very short timeframe, leveraging existing business relationships and connectivity solutions from GXS to bring suppliers onto the e-marketplace to minimize time to liquidity. "The alliance between Commerce One and GXS is primarily focused on helping our customers and their trading partners drive transactions and liquidity across e-marketplaces," said Chuck Donchess, executive vice president and chief strategy officer of Commerce One. "We believe this initiative with Boeing will be a key milestone in driving major trading volumes across Exostar. These efforts to provide an effective on-ramp for suppliers leverage GXS's ability to provide full XML support for existing EDI users, and to integrate these users with Commerce One's XML-based platform. This initiative reflects the rapid migration of global business trade onto the Web." "This joint effort represents a significant move forward in ensuring that trading partners will derive maximum value from their participation in Exostar," said Harvey Seegers, President and 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 GE Global eXchange Services. "The solution will allow trading partners to continue with EDI as they transition to XML based transactions. Not only will the resulting liquidity benefit all members of Exostar, this program will permeate the benefits of Exostar to all levels of the supply chain - from the largest to smallest participants." Recently, Commerce One and GXS signed a definitive agreement to work together to dramatically increase access to open e-marketplaces on a global basis. Commerce One e-marketplaces will be supported by GXS's transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and trading partner enablement capabilities. The resulting interoperability between GXS's data transaction and translation technology and services (including EDI) and Commerce One's XML Common Business Library (xCBL)(TM)-based e-commerce solutions is expected to significantly increase the number of buyers and sellers conducting e-commerce transactions worldwide. About Boeing The Boeing Company is the largest aerospace company in the world, with its heritage mirroring the history of aviation. It is the world's largest manufacturer of commercial jetliners and military aircraft, and the nation's largest NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. contractor. In terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. , Boeing is the largest U.S. exporter. Total company revenues for 1999 were $58 billion. The global reach of the company includes customers in 145 countries, employees in more than 60 countries and operations in 26 states. Worldwide, Boeing and its subsidiaries employ more than 189,000 people. Boeing is on the web at www.boeing.com. Robert Jorgensen can be reached at 425/865-5877. About Commerce One Commerce One (Nasdaq:CMRC) is the leader in global e-commerce solutions for business. Through its products, portals, and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web(TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Through its "Dream Team" alliance with SAPMarkets, Commerce One enables enterprises and communities of all sizes and industries to efficiently conduct collaborative business on the Internet. Commerce One is located in Pleasanton, Calif., and can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at www.commerceone.com. About GE Global eXchange Services GE Global eXchange Services (GXS) operates one of the largest B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. networks in the world, with more than 100,000 trading partners. The network's 1 billion annual transactions account for $1 trillion in goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . With a presence in 58 countries, GXS applies Six Sigma Not to be confused with Sigma 6. Six Sigma is a set of practices originally developed by Motorola to systematically improve processes by eliminating defects.[1] A defect is defined as nonconformity of a product or service to its specifications. quality processes to provide e-commerce solutions that help businesses around the globe remove costs from their supply chains. GE Global eXchange Services is a part of GE Information Services (networking, company) GE Information Services - One of the leading on-line services, started on 1st October 1985, providing subscribers with hundreds of special interest areas, computer hardware and software support, award-winning multi-player games, the most software files in the , Inc., a wholly-owned subsidiary of the General Electric Company, USA, and is headquartered in Gaithersburg, Maryland. 800/560-4347. Visit our Web site at www.gegxs.com. Note to Editors: Commerce One, Many Markets. One Source. Global Trading Web, BuySite, MarketSite, Global Trading Platform, Common Business Library, XML Development Kit, XML Commerce Connector, MarketView, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. Enterprise Buyer and MarketSet are trademarks of Commerce One, Inc and SAPMarkets. All other company, product, and brand names are trademarks of their respective owners. |
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