Corio to Host the Enporion Global Energy Exchange.Business Editors, High-Tech/Energy Writers SAN CARLOS San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. , Calif.--(BUSINESS WIRE)--Oct. 3, 2000 Corio's Leading Exchange Solution and State-of-the-Art Hosting Infrastructure to Enable Enporion to Gain Competitive Advantage Corio, Inc. (Nasdaq:CRIO CRIO COMSEC Regional Issuing Officer cRIO Compact Reconfigurable Input Output (National Instruments) ), a leading enterprise application service provider (ASP), today announced another landmark in signing Enporion, Inc., a global energy exchange, as a customer. Corio will host and manage multiple integrated solutions to power the exchange, working closely with Cap Gemini Ernst & Young who will provide the implementation services for the energy exchange. Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Please see related release titled "Corio to Offer ASP Services For Commerce One eMarketplace Customers." Enporion, Inc. is a global procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. exchange for the energy industry. Enporion will bring buyers and sellers together to conduct e-commerce transactions, share knowledge and collaborate to streamline operations in the energy supply chain. Founding members are Allegheny Energy Allegheny Energy (NYSE: AYE) is a traditional public utility based in the Pittsburgh suburb of Greensburg. It services communities in Western Pennsylvania, Western Maryland, Northern West Virginia, Northwest Virginia. , Allete (formerly Minnesota Power), PPL PPL - Polymorphic Programming Language. An interactive, extensible language, based on APL, from Harvard University. ["Some Features of PPL - A Polymorphic Programming Language", T.A. Standish, SIGPLAN Notices 4(8) (Aug 1969)]. Corp, Ameren Corporation, CMS Energy CMS Energy is a public utility supplying electric power and natural gas to most of Michigan. Its headquarters are located in Jackson, Michigan. The company has operated since 1890. Its two principal subsidiaries are Consumers Energy and CMS Enterprises. Corporation, KeySpan Corporation and UGI Corporation
Under the UGI Utilities, Inc. . "Corio's sophisticated hosting infrastructure coupled with their in-depth experience with the solution made Corio a clear choice," said Joe Zelechoski, interim chief executive officer of Enporion. "Corio's end-to-end services and support will enable us to offer a comprehensive e-marketplace at a lower cost than building the infrastructure internally." "This is the next phase in the evolution of Corio hosted exchanges. As the ASP behind complex exchanges like Enporion, we continue to show our leadership in the ASP marketplace," said George Kadifa, 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 Corio. "The power of Corio's solution coupled with the most sophisticated hosting infrastructure in the market will enable Enporion to offer its exchange without concern for the technical complexity. We are pleased to offer our services to a customer of this magnitude, further validating the adoption of ASPs by large corporations." About Enporion, Inc. Enporion, scheduled for commercial operation by the end of the year 2000, is a global procurement partnership that will focus on building relationships that benefit both buyers and sellers. Enporion's goal is to simplify the buying process. By reducing cycle times, lowering inventories and reducing transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , buyers and sellers will realize enhanced profitability through collaborative commerce. Enporion buyers will access new suppliers, and will experience supply chain process improvements, thus lowering overall operating costs operating costs npl → gastos mpl operacionales . Suppliers will reap the benefit of smoother interface and exposure to new markets, while having their voice heard through a permanent Enporion Supplier Council. Enporion's long-term goal is supply chain process innovation. About Corio, Inc. Corio is a leading application service provider, or ASP. Corio implements, integrates and manages the Corio Intelligent Enterprise, a suite of scalable, best-of-breed enterprise software applications from leading vendors. Corio's application suite features BroadVision, Changepoint, Commerce One, E.piphany, Microsoft, Moai, PeopleSoft, Portal Software Portal Software was founded in 1985 as Portal Information Network, one of the first ISPs in the San Francisco Bay Area. It was founded by John Little. The company offered its own interface through modem access that featured Internet email. , Requisite, SAP and Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. . Corio is headquartered in San Carlos, Calif., with 15 offices across the U.S. Additional information about Corio is available at http://www.corio.com. Corio is a trademark of Corio, Inc. All other product and company names mentioned herein may be the trademarks of their respective owners. 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. : Matters discussed in this news release involving expectations, beliefs, plans, projections, intentions, or strategies are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities and Exchange Act of 1934, as amended, and 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, and are made under their safe-harbor provisions. Words such as "to", "will", and other similar expressions identify these forward-looking statements. Forward-looking statements herein include statements regarding Corio's plans to host an exchange for Enporion, statements regarding the benefits of such hosting and statements regarding Enporion's planned solution. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Some of the specific factors that may cause actual results to differ include: Corio's limited history of offering ASP services and the fact that Corio operates in a new industry with a rapidly-evolving business model; any inability to address the significant complexities associated with hosting and integrating exchanges and software in general; any failure of the market to accept hosted exchanges; Corio's dependence on third party software vendors for the software necessary to provide its services; Corio's ability to address security and system failure risks; any failure of the marketplace to accept exchanges such as Enporion's and any failure of Enporion to become a successful exchange; and Corio's ability to adapt our services for rapidly changing technology. Additional risks that could cause actual results to differ materially from those projected are discussed in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Corio undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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