Bosch, Delphi, Denso, Ford Motor Company, Porsche and Toyota to Trade Intellectual Property On yet2.com.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 12, 2000 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 yet2.com, 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 yet2.com. Bosch, Delphi Automotive Systems, Denso Corporation, Ford Motor Company, Porsche and Toyota will exclusively list their combined $15 billion in R&D spending on yet2.com's technology exchange. These companies provide users with access to every facet of the automotive industry including components, systems and manufacturers. "yet2.com 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, yet2.com 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 yet2.com's marketplace. The leading technology companies include 3M, Agfa-Gevaert Group, Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. , Asahi Glass Company, BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida , Battelle, The Boeing Company, British Telecommunications, Ciba Specialty Chemicals “Ciba” redirects here. For the pre-1971 company, see Novartis. Ciba Specialty Chemicals is a chemical company based in and near Basel, Switzerland. It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the , Dow Chemical, DuPont, EPRI EPRI Electric Power Research Institute EPRI European Parliaments Research Initiatives , Fuji Photo Film Company, Honeywell, Kao Corporation, Mitsubishi Chemical Corporation Mitsubishi Chemical Corporation (三菱化学株式会社 , Mitsui Chemicals, Monsanto, Philips Electronics, Pitney Bowes, Polaroid Corporation, Procter & Gamble, Rockwell, SAIC SAIC - http://saic.com. , Sandia National Laboratories Sandia National Laboratories, which is managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin Corporation), is a major United States Department of Energy research and development national laboratory with two locations, one in Albuquerque, New , Shell Global Solutions, Siemens, Sumitomo Electric Industries Sumitomo Electric Industries (住友電気工業 , Toray Industries, Toshiba Corporation, TRW and the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . "The automotive industry is already capitalizing on the enormous opportunities available on the Internet, providing powerful electronic marketplaces to improve supply chain efficiencies," said Chris DeBleser, 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 yet2.com. "By joining yet2.com, they have another powerful mechanism to realize the true value of their technology assets for shareholders and identify vital technology solutions inside and outside their industry sector far faster and more efficiently." yet2.com streamlines the technology transfer process by matching buyers with sellers in a dynamic, user-driven marketplace over the Internet. Organizations can now efficiently market their technologies to realize hundreds of millions of dollars in revenues through out-licensing. Individual scientists, inventors and licensing professionals can now more easily market their technologies to buyers worldwide. yet2.com enables companies and individuals to make non-intuitive connections across multiple industries worldwide, helping to shorten the technology transfer process and increase R&D efficiencies. To learn more about yet2.com, visit http://www.executiveradio.com/yet2com to hear a Webcast interview with CEO Chris DeBleser. About yet2.com yet2.com is the first cross-industry global marketplace for the exchange of technology on the Internet. The company has enlisted a growing core of leading corporations and government agencies to pledge technology assets from every field of research. yet2.com is creating the most efficient method of streamlining research and development and extracting value from intellectual assets. With its headquarters in Cambridge, Massachusetts, USA, yet2.com has offices in Europe and Asia. For more information, visit www.yet2.com. |
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