SciQuest.com Announces Exclusive Commerce Partnership and Strategic Content Provider Deal with ChemWeb.com, the World's Largest Online Community of 200,000 Chemistry Researchers.Business/Technology Editors WASHINGTON--(BUSINESS WIRE)--Aug. 21, 2000 Partnership Provides Integrated Technology Collaboration between ChemWeb Inc.'s Leading Chemistry-related Information Source and SciQuest.com's Trusted e-Marketplace. SciQuest.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SQST), the unbiased marketplace and trusted source for buyers and suppliers of scientific products and equipment, services, software and information, today announced a strategic content partnership with ChemWeb, Inc., producer of ChemWeb.com, the world's largest online community of chemistry researchers. The alliance provides improved access to ChemWeb.com's industry-specific information from the SciQuest.com marketplace and allows users of ChemWeb to quickly and easily navigate the SciQuest.com suite of services. The announcement was made at the American Chemical Society The American Chemical Society (ACS) is a learned society (professional association) based in the United States that supports scientific inquiry in the field of chemistry. Founded in 1876 at New York University, the ACS currently has over 160,000 members at all degree-levels and in annual meeting. "ChemWeb.com has been a respected partner for SciQuest.com for some time," notes Sanjay Gupta
Sanjay Gupta (Hindi: संजय गुप्ता), born 23 October 1969, is a second-generation Indian-American physician and a , SciQuest.com's chief marketing officer. "We are excited to have been chosen because ChemWeb goes through a careful screening process in selecting partners and service providers because of their stewardship of the value of their premium membership. This exclusive relationship is a clear indication of the science community's trust in SciQuest.com as an unbiased resource for the industry. We look forward to providing additional services to the ChemWeb rapidly expanding membership." "SciQuest.com continues to broaden its range of services for our common customers beyond basic e-commerce," notes Bill Town, director of operations for ChemWeb, Inc. "We look forward to expanding our members' access to their used equipment auctions, chromatography column Noun 1. chromatography column - a vertical glass tube used in column chromatography; a mixture is poured in the top and washed through a stationary substance where components of the mixture are adsorbed selectively to form colored bands column shopper, and SciCentral.com. It is great to work closely with a partner that is very focused on providing a rich, complete, and relevant set of services for our members. Under the agreement, an expansion of an earlier co-marketing relationship, users of the SciQuest.com Marketplace will be able to more easily access articles and other value-added content from the ChemWeb.com site. "This enables us to provide meaningful, timely content to scientists around the world," Gupta says. In addition, ChemWeb.com members gain easy access to SciQuest.com's product and equipment inventory. "By bringing commerce and content together in one place, we're continuing our mission to speed scientific discovery by giving scientists more time to focus on research rather than procurement." The content relationship enables users to reduce the cost of customer acquisition and increase the number of registered users of the SciQuest.com Marketplace. "Working closely with the most dominant online scientfic communities is critical to earning our position as the trusted source for information, products, services and software for the $36 billion global scientific industry," Gupta adds. ChemWeb.com delivers information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. for chemical research and communication via the Web to over 200,000 members worldwide. It is the first commercial Web service to combine electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. , databases, journals and scientific forums, along with informatics technologies for structure-based searching, high-speed text retrieval and manipulation of 'live' molecular structures. ChemWeb, Inc., based in London, 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 Elsevier Science Ltd, part of the Reed Elsevier Group. In other news from the meeting, Rebecca J. Jackman from the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, was named International Young Chemistry Writer of the Year. The award, created by ChemWeb.com's webzine A magazine published on the Web. Pronounced "web-zeen," and also called a "zine." See e-zine. , The Alchemist, and sponsored by SciQuest.com, was set up in recognition of the lack of opportunities for younger chemists. The winner received a check for $1,500, a trip to the meeting and publication of her article in The Alchemist. For more information on the awards program, visit www.chemweb.com/youngwriter. About SciQuest.com SciQuest.com offers an unbiased marketplace and is a trusted solution for buyers and suppliers of scientific products, services, software and information. The company is dedicated to being an indispensable resource for scientific buyers and suppliers by increasing their productivity and reducing their supply chain costs. Its leadership team has deep experience in science, technology and supply chain management, enabling SciQuest.com to focus on unique challenges facing science-intensive organizations. SciQuest.com acquired EMAX EMAX Email Address Exchange Service Solution Partners to create the first integrated e-business solution that manages the entire lifecycle of scientific laboratory products from selection and procurement through ownership, use and disposal. The company's e-marketplace (SciQuest.com) is the industry's only unbiased solution and can be customized and seamlessly integrated with its customers' enterprise systems, internal inventory systems and chemical libraries. SciQuest.com maintains additional technology partnerships with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Ariba, Commerce One, Intelisys and Oracle, among others. Headquartered in Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , NC, the company has North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. offices in Mountain View, CA, Plainview, NY, and Philadelphia; and European offices in London, Paris and Walldorf, Germany. For more information about SciQuest, please visit www.sciquest.com or call (919) 659-2100. Statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. For such statements, the Company claims the protection of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements under 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. The potential risks and uncertainties associated with these forward-looking statements could cause actual results to differ materially from those presented herein, and the reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include, among others, the Company's ability to successfully market the SciQuest.com brand, to successfully expand its international operations, to increase transaction volume, to attract and retain a broad range of purchasers and suppliers, to effectively add additional products to its e-commerce database, to negotiate favorable pricing terms with suppliers, to successfully integrate its acquisition of EMAX Solution Partners and to otherwise operate efficiently and cost effectively. These and other risk factors are discussed in the Company's recent filings with the Securities and Exchange Commission, including the Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2000, the 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 December 31, 1999 and the Registration Statement on Form S-1 filed on March 15, 2000. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion