BuildNet and Owens Corning Create Alliance to Bring Internet-Based Service and Solutions to America's Home Builders.Business/Technology Editors 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.--(BUSINESS WIRE)--Dec. 20, 1999 BuildNet, the leading e-business and project management software provider for the home building industry announced today that Owens Corning Owens Corning Corporation is the world's largest manufacturer of fiberglass and related products. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company was spun off as a separate entity November 1, 1938. (NYSE NYSE See: New York Stock Exchange :OWC OWC Officers' Wives' Club OWC Other World Computing (retail store) OWC Okaloosa-Walton College OWC Office Web Components OWC Oscillating Water Column OWC Owner Will Carry (real estate owner will carry mortgage) ), a leader in roofing, insulation, exterior and acoustical systems, has signed a Founding Member Agreement with BuildNet. Through this agreement, BuildNet will provide Owens Corning with e-business capabilities, as well as marketing and promotional services. These services will be provided through BuildNet's Internet-based business-to-business system and its Web site, www.buildnet.com. Through the BuildNet platform home builders will access an integrated, on-line network that will fundamentally change the building industry supply chain by availing every aspect of a building project to real-time, on-line, integrated, e-business links from the builders' back offices to the back offices of their preferred suppliers. For manufacturers, BuildNet can provide advance notification of product orders in key categories, improving efficiencies in just-in-time manufacturing just-in-time manufacturing (JIT) Production-control system, developed by Toyota Motor Corp. and imported to the West, that has revolutionized manufacturing methods in some industries. and inventory management. In addition, distributors and retailers will benefit by using BuildNet's builder production data to anticipate, rather than respond to, market demand. The BuildNet platform will begin roll out in Q2, 2000. "BuildNet is leading the way in creating an industry standard and an e-business platform for the home building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . market," said Mike Atwood, president of BuildNet. "This Founding Member Agreement with Owens Corning is the culmination of a three-year relationship between our two companies. It will allow Owens Corning to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the efficiencies generated by the links BuildNet provides among the builders, manufacturers and suppliers in its Internet-based community." "Our alliance with BuildNet adds to the e-business strategy we are creating with Internet-based solutions for consumers, contractors, retailers, distributors and now builders," said Jerry Oleshansky, vice president of marketing, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Building Materials, Owens Corning. "Clearly, the Internet will bring homebuyers, builders, contractors, retailers and manufacturers closer together and create efficiencies for the entire industry." Through the Founding Member Agreement, Owens Corning will be a category sponsor for three product categories: residential shingles shingles: see herpes zoster. shingles or herpes zoster Acute viral skin and nerve infection. Groups of small blisters appear along certain nerve segments, most often on the back, sometimes after a dull ache at the site; pain becomes , residential thermal and acoustical insulation and residential exterior siding. As a Founding Member and Category Sponsor, Owens Corning will receive a customized home page on the BuildNet site, www.buildnet.com, along with prominent brand identification and advertising coverage. Owens Corning will also be provided with a preferred ranking in the BuildNet catalog system for each product category. Owens Corning's product catalogs will be available through the BuildNet system, as will the company's proprietary Energy F/X F/X Effects Program. There also will be Owens Corning banners and promotional exposure on the BuildNet site, as well as links to the Owens Corning home page, www.owenscorning.com. About Owens Corning Owens Corning is a world leader in building materials and glass fiber composites systems. The company posted 1998 sales of $5 billion and employs approximately 20,000 worldwide. Owens Corning has also purchased a minority equity share in privately held BuildNet. For more information, please visit Owens Corning's Web site at www.owenscorning.com. About BuildNet BuildNet, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Research Triangle Park, N.C., is the building industry's largest e-business, technology and software company. It provides integrated, Internet-based, e-commerce solutions for the homebuilding industry, and a 30%+ market share user base through its five industry-leading, project management software systems--BuildSoft, TOM Systems, FAST, Lloyd's and TrueLine--each of which serves a distinct slice of the builder market, from small builders to large national builders. Homebuilders using BuildNet systems manage the construction of well over 350,000 homes annually. For more information about BuildNet, visit www.buildnet.com. |
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