Commerce One Wins New Customers Across Asia Pacific; Asia Pacific Companies Select New Commerce One Conductor Platform.Business Editors/High-Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--June 10, 2003 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 momentum in the Asia Pacific region through new customer acquisitions in the first half of this year, including customers for its new composite applications In computing, the term composite application expresses a perspective of software engineering that defines an application built by combining multiple services. People often compare composite applications to mashups. platform, Commerce One Conductor(TM). Far EasTone and Korean Aerospace Industries have chosen Commerce One Supplier Relationship Management (SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. ) solutions to attain heightened efficiency and collaboration in their sourcing and purchasing processes Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements . Industrial Technology Research Institute (ITRI ITRI Industrial Technology Research Institute (Taiwan, ROC) ITRI Information Technology Research Institute ITRI Inhalation Toxicology Research Institute ITRI International Tin Research Institute Ltd ITRI Information Technology Reuse Initiative ) joins GTWebKorea in selecting the Commerce One Conductor platform. "ITRI turned to Commerce One for its history and expertise in helping companies collaborate over the Internet," said Dr. Peter Wang, deputy general director of ITRI. "We specifically chose Commerce One Conductor for its ability to automate To turn a set of manual steps into an operation that goes by itself. See automation. and manage complex processes and interactions between users." ITRI selected the Commerce One Conductor platform to support its joint venture with the Taiwanese government in creating the Silicon Intellectual Property Mall to provide an Internet-based catalogue for chip developers to share and contribute intellectual property across their community. The Commerce One Conductor platform is designed to transform and accelerate the way applications and business processes are deployed by helping companies to quickly and easily create, connect and coordinate business processes between customers and partners without being limited by the constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. of existing applications or platforms. Commerce One also continued to build upon its strong position in the SRM market with new customer wins including Far EasTone, a leading telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. provider in Taiwan, which was secured through Commerce One's partnership with Com2B of Taiwan, and the Korean Aerospace Industries (KAI), the Republic of Korea's national aerospace company established with the consolidation of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Co. "The customer activity we are experiencing in the Asia Pacific area is indicative of our strong reputation in the region. Our technology is specifically designed for the type of global reach and tight partnerships that are the hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. of Asian companies," said Mark Hoffman, chairman 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. , Commerce One. "Given the positive feedback we are receiving, we are clearly addressing an important need by offering new technologies that make systems connect more deeply, reach more broadly and adapt more easily." About Commerce One From its initial roots in Internet-based software applications to its establishment of the world's largest e-commerce trading network, Commerce One has consistently been at the forefront of delivering advanced technologies that help global businesses collaborate with their partners, customers and suppliers over the Internet. Commerce One has defined many of the open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced and protocols established for business networks today and our global customer base represent leaders in a wide range of industries. Commerce One's newest 6.0 Conductor platform and supporting set of composite applications represent the next generation of collaborative solutions that enable enterprises to optimize their existing technology investments and enhance functionality of existing applications and processes. For more information, go to www.commerceone.com. Forward Looking Statements This press release includes 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. within the meaning of the securities laws. These forward-looking statements discuss Commerce One's sales momentum in and plans for the Asia-Pacific region, as well as the benefits of Commerce One's new Conductor platform and existing applications, including added efficiency and easier and less expensive deployment of business software applications and processes. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These factors include, but are not limited to, the possibility that the Commerce One Conductor platform and/or other Commerce One solutions may not meet user expectations, the ongoing recession and depressed market Depressed market Market in which supply overwhelms demand, leading to weak and lower prices. for new technology investments, various external factors, including economic, political and other global conditions, including the SARS epidemic in the Asia Pacific region, that may impact the demand for Commerce One products and services, and various other risks including, without limitation, those discussed in Commerce One's filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2003. The information provided in this press release is current as of the date of its publication. Commerce One expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances on which those statements are based, unless otherwise required by law. |
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