Critical Path Announces Addition of NEC to Joint Venture in Japan.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--June 29, 2000 NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Joins Critical Path, Mitsui & Co., Ltd., and NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Communications Corporation to Provide Advanced Internet Messaging Solutions to the Rapidly Emerging Japanese Internet Market Critical Path Inc. (Nasdaq:CPTH), the dominant global provider of business-to-business Internet messaging and collaboration solutions, today announced that NEC Corporation (Nasdaq:NIPNY) has become the newest partner in Critical Path Pacific, a joint venture established by Critical Path, Mitsui & Co., Ltd and NTT Communications Corporation (NTT Com), to deliver advanced Internet messaging solutions to Japanese businesses. Tokyo-based Critical Path Pacific has gained momentum leveraging the strengths and market dominance Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings. There is often a geographic element to the competitive landscape. of all of the partners involved. Critical Path Pacific will leverage NEC's strong Internet presence in the exploding Japanese market by marketing messaging and collaboration solutions to the established customer base of their leading ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. in Japan, BigGlobe. Critical Path Pacific will draw on Mitsui's extensive partnerships in Japan and throughout Asia to promote Critical Path Pacific's advanced Internet based, in-language messaging solutions. As Japan's leading long distance international telecommunications arm of NTT Group, NTT Com will host Critical Path Pacific's advanced Internet messaging services in its Data Centers. NTT Com will provide the technical backbone required to bring scalable and reliable Internet services to the Japanese market. The new venture has already won a number of blue chip customers including Nikkei, e-Carnet and Fujitsu Parex. "Leveraging NEC's established presence in Japan greatly extends Critical Path Pacific's ability to deliver advanced messaging solutions to businesses in Japan and throughout Asia," said Dave Thatcher Thatch·er , Margaret Hilda. Baroness. Born 1925. British Conservative politician who served as prime minister (1979-1990). Her administration was marked by anti-inflationary measures, a brief war in the Falkland Islands (1982), and the passage of a , Critical Path's president. "The collective power and reach of market leaders such as Mitsui, NTT Com, NEC and Critical Path positions Critical Path Pacific at the forefront of the rapidly emerging Asian market." About Critical Path, Inc. Critical Path, Inc. (Nasdaq:CPTH) is the dominant global provider of complete end-to-end Internet messaging and collaboration solutions for wireless, Internet-centric, telecommunication and corporate businesses. Through its allsourcing strategy, Critical Path is the only advanced messaging provider to offer businesses the flexibility to outsource, midsource or insource all or part of their messaging and collaboration applications. Critical Path has built an industry-leading global infrastructure with data centers connected to key Internet exchange points See IXP and NAP. . Critical Path's technology currently reaches more than 100 million end-users through its customer relationships including more than 25 million wireless devices. Critical Path provides reliable, secure, and scalable e-mail and a flexible suite of enhanced messaging services Abbreviated as EMS, an application-level extension to Short Message Service (SMS) for cellular phones available on GSM, TDMA and CDMA networks. An EMS enabled mobile phone can send and receive messages that have special text formatting (such as bold or italic), animations, to partners such as E*TRADE, CompuServe, Network Solutions, U S West, Sprint, France Telecom, British Telecommunications, and ICQ ("I Seek You") A conferencing program for the Internet from Mirabilis, Tel Aviv, Israel (www.icq.com). It provides interactive chat, e-mail and file transfer and can alert you when someone on your predefined list has also come online. . Critical Path is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , with offices in locations nationwide and in Germany, England, Ireland, France, Italy, Switzerland, Japan, Brazil and Argentina. More information on Critical Path can be found at www.cp.net. The statements in this press release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc matters that are not historical are 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. . Actual results could differ materially from these forward-looking statements. Risks and uncertainties facing Critical Path are described in its prospectus dated June 1, 1999 and with its periodic filings with the Securities and Exchange Commission (www.sec.gov). Note to Editors: Critical Path and the Critical Path logo are the trademarks of Critical Path, Inc. All other trademarks are the property of their holders. |
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