Japan's First Utilities E-Marketplace Goes Live on Joint SAPMarkets and Commerce One Platform.Business Editors/High Tech Writers TOKYO--(BUSINESS WIRE)--July 5, 2001 Commerce One Global Services and Nihon Unisys Implement MarketSet(TM) For Japan E-Market, the Largest Industrial E-Marketplace in Japan Japan e-Market, a new e-marketplace formed by Japan's leading utility companies, went live with MarketSet(TM), the core technology platform developed by SAPMarkets, Inc. (NYSE NYSE See: New York Stock Exchange :SAP), and Commerce One, Inc. (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) ). The new e-marketplace, implemented by Commerce One Global Services and Nihon Unisys, a systems integration specialist and an application service provider (ASP), enables utility companies to buy and sell machine parts and materials as well as office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). online. Suppliers will enjoy seamless interfaces with buyers, exposure to new markets and more standardized processes. Buyers will gain access to new suppliers and benefit from a streamlined supply chain process and lower operating costs operating costs npl → gastos mpl operacionales . Japan e-Market estimates that companies connected to the e-marketplace will procure $3 billion (U.S.) in goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. by the fifth year of operation. The equity investors of the utilities e-marketplace are Tokyo Electric Power Co.; The Kansai Electric Power Co., Inc.; Chubu Electric Power, Inc.; Mitsubishi Corp.; Mitsui & Co., Ltd.; Toshiba Corp.; Hitachi, Ltd.; Nihon Unisys, Ltd.; Mitsubishi Heavy Industries, Ltd.; Tohoku Electric Power Co., Inc.; Hokuriku Electric Power Co.; The Chugoku Electric Power Co., Inc.; Mitsubishi Electric Mitsubishi Electric Corporation (三菱電機株式会社 Corp.; Shikoku Electric Power Co., Inc.; Kyushu Electric Power Co., Inc.; and The Okinawa Electric Power Co., Inc. "To win in this era of accelerating competition, companies need to focus on cost reduction and the rationalization of the procurement process," said Harunobu Matsusaka, 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. , Japan e-Market. "MarketSet will provide an environment in which our customers can more effectively collaborate with suppliers and manage inventories, while driving costs out of the procurement process. As a result of the world-class platform provided by SAPMarkets and Commerce One, our customers will be able to streamline and improve their current supply chain networks." MarketSet provides an open e-marketplace platform, powerful applications and integrated business services for collaborative design, planning, procurement and analysis between trading partners. E-marketplaces based on this solution help streamline communication among trading partners for faster decision-making, lower 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). , reduced inventories and higher revenues. "We are proud to add Japan e-Market to our growing list of e-marketplace customers," said Neil Hudspith, senior vice president and general manager, Commerce One Asia Pacific. "The MarketSet solution provides a unique combination of Commerce One's leading e-marketplace operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. with collaborative applications from SAPMarkets, enabling a whole new level of collaborative commerce between major corporations. By adding our professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. capabilities to this mix, customers in Japan and beyond will have access to a truly impressive end-to-end e-marketplace capability that is unmatched in the industry." "Japan e-Market exemplifies how Japanese businesses are recognizing the impact e-marketplaces can have on helping participants remain competitive, reduce costs and better serve their customers," said Zia Yusuf, managing director of SAPMarkets Asia Pacific. "The MarketSet solution enables companies to expand their business reach while at the same time streamlining their operations with proven business processes. This brings tremendous value to our customers." About SAPMarkets and Commerce One In June 2000, SAPMarkets, Commerce One and SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. announced the teaming of Commerce One's leading e-marketplace infrastructure with top-rated mySAP.com(R) e-business applications from SAP and SAPMarkets. The joint offering combines e-procurement with collaborative services for trading communities, dramatically reducing cycle times, improving customer relationships and increasing productivity for businesses worldwide. The SAPMarkets and Commerce One team strategy is unique in the industry, including product strategy, co-engineering, joint marketing, sales and support, and thus offers enterprises and trading communities a single source for the entire range of open business-to-business solutions and e-marketplaces. Commerce One is located in Pleasanton, Calif., and can be found at http://www.commerceone.com. SAPMarkets, based in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif., can be found at http://www.sapmarkets.com. More information on SAP can be found at http://www.sap.com. SAPMarkets Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SAP AG. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. 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. Words such as "believe," "estimate," "intend," "may," "will," "expect," and "project" and similar expressions as they relate to SAP and Commerce One are intended to identify such forward-looking statements. SAP and Commerce One undertake no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's and Commerce One's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the SAP Annual Report on Form 20-F for 2000 filed with the SEC on March 28, 2001, and Commerce One's filings with the Securities and Exchange Commission, including its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 2000. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Copyright (c) 2001 SAP AG SAP, mySAP.com and all SAP products mentioned herein are either trademarks or registered trademarks of SAP AG or SAPMarkets, Inc. Commerce One and Global Trading Web are either trademarks or registered trademarks of Commerce One, Inc. MarketSet and Enterprise Buyer are joint trademarks of SAPMarkets, Inc., and Commerce One, Inc. Other product or service names herein are trademarks of their respective owners. |
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