Maersk Sealand Expands Relationship With Descartes.Business Editors WATERLOO, ONTARIO--(BUSINESS WIRE)--Aug. 22, 2002 Standardizes on Descartes Carrier Contract and Shipment Management for global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. The Descartes Systems Group Inc., (Nasdaq:DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) ) a trusted provider of logistics solutions, today announced that Maersk Sealand, the world's largest ocean cargo carrier, will standardize its global operations for rate management and rate retrieval using Descartes Carrier Contract and Shipment Management(TM). A customer since 1992, this new deal expands Descartes' current relationship with the carrier. A division of A.P. Moller, Maersk Sealand will standardize on Descartes Carrier Contract and Shipment Management to securely manage rate information across the carrier's global operations. The solution greatly reduces the time involved in rate calculations while improving rating accuracy, allowing Maersk Sealand to provide more timely and precise information to customers. "With global supply chains increasing in complexity, shippers reliance on global shipping continues to gain in importance," said Gerald McNerney, Senior Research Analyst, AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research. "By providing precise rates and contract information in electronic form Carriers are better positioned to improve their internal processes as well as meet their customers requirements. Maersk Sealand's use of Descartes to reliably provide rate management and retrieval provides shippers with strong value-adding capability." From points of origin and destination to special handling fees, ocean cargo rates incorporate multiple factors to determine an accurate bottom-line price for rating Bills of Lading. With Descartes Carrier Contract and Shipment Management over 600 concurrent Maersk Sealand users can store, amend, update, search, retrieve, quote and calculate rates quickly through a web-based solution that leverages the stability of the Global Logistics Services Network. "Descartes' unique understanding of the ocean carrier environment in combination with the Company's robust rate and tariff database made our decision to standardize on Descartes technology a simple one," said Michael Laursen, Director/Business Applications, Maersk Sealand. "As a trusted provider of logistics solutions to our business for nearly 10 years, Descartes has proven that they can provide us with the accuracy, stability and reliability required in delivering timely and precise rate information to our customers." "The world's number one ocean cargo carrier standardizing on Descartes technology says a lot for the strength of our ocean offering. Maersk Sealand has been an important customer for Descartes and we are pleased that they are expanding their relationship with us," said Manuel Pietra, co-chief executive officer and president, Descartes Systems Group. "Today's announcement is an opportunity for Descartes to continue building on the company's key strengths in providing logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet technology to the ocean carrier industry." Descartes Carrier Contract and Shipment Management solution provides a centralized system In telecommunications, a centralized system is one in which most communications are routed through one or more major central hubs. Such a system allows certain functions to be concentrated in the system's hubs, freeing up resources in the peripheral units. from which authorized users in all of an ocean carrier's departments can revise, store and distribute service contracts on a global basis. This solution provides access to Descartes' robust rate and tariff database, used today by the world's top ocean carriers. About Maersk Sealand Maersk Sealand is the world's largest provider of containerized con·tain·er·ize v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es 1. To package (cargo) in large standardized containers for efficient shipping and handling. 2. transport solutions. The company's service network spans six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. with about 325 offices in more than over 100 countries employing over 10,000 people around the world. Maersk Sealand operates a fleet of over 250 vessels all over the globe. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) is a trusted provider of logistics management technology. In over 60 countries Descartes' leading logistics solutions drive operational efficiency, enhance customer responsiveness and improve precision in purchasing for global organizations. For more information, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. This release contains statements that relate to Descartes' product and service functionality and performance, potential benefits derived therefrom there·from adv. From that place, time, or thing. Adv. 1. therefrom - from that circumstance or source; "atomic formulas and all compounds thence constructible"- W.V. and Descartes' competitive position and other matters that may constitute forward-looking statements that involve risks and uncertainties. Descartes' actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and other securities commissions across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . |
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