webPLAN Plugs Hubbell into e-Business; webPLAN e-Business Solution Purchased by Hubbell Inc.Business, e-Business, Technology, Industry, ERP/MRP/SCM EditorsNEW ORLEANS--(BUSINESS WIRE)--April 18, 2000 webPLAN(R) will take one of the most storied companies in manufacturing to the web following the purchase of its industry-leading e-Business solution, webPLAN CeO(TM), to Hubbell Incorporated, the world's leading manufacturer of electronic wiring devices. The deal, led by webPLAN partner Strategic Technologies Inc. of Cary, NC, and announced at the webPLAN International Users' Conference in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , is valued at $1.3 Million (US). "Hubbell is a company that has grown and prospered for 112 years," said Michael Ker, President and CEO, webPLAN Inc. "It has consistently delivered strong returns to shareholders by producing visionary solutions, at competitive prices with tremendous customer service. webPLAN will dot-com Hubbell allowing it to take that proven formula for success to the web. This added velocity will ensure Hubbell's continued dominance in the electrical products manufacturing business." "This is a strategic move for our company," said Jim Grimes, Vice President, Operations, Hubbell Inc. "The webPLAN e-Business solution gives us an e-Commerce front end, allowing independent distributors and customers to place orders that are instantly integrated with our manufacturing systems and suppliers. We'll have shorter lead times, more responsive suppliers, and visibility up and down the chain. This will result in lower inventory and better margins. As we continue to diversify our product lines and enter into new markets, webPLAN will empower new customers and suppliers with access to our e-Business private marketplace where they can serve themselves, using only a browser. webPLAN is an integral component in our growth strategy." Hubbell Innovations: In 1891, founder Harvey Hubbell Harvey Hubbell II (1857 - December 17, 1927), was a U.S. inventor, entrepreneur and industrialist. His best known inventions are the electrical plug, and the pull-chain light socket. had an idea to make Edison's electric illuminating bulb more useful. Fixtures for electric light were slowly replacing the gas lamps Lighting with gas (methane) with illuminating gas products added for a brighter light, was begun in England in the early 1800s for lighting the streets of cities using coal gas, but its value was soon recognized and use spread to industrial, commercial and residential lighting purposes, , which were prevalent at the time. But, for the most part, the electric lights burned continuously. Hubbell's answer... the "pull socket" which was patented in August of 1896. The same type of device with its on-off pull chain is still in use today. And even more common today is Hubbell's "separable sep·a·ra·ble adj. Possible to separate: separable sheets of paper. sep plug and socket," which is the global standard for plugging-in and unplugging virtually all electrical products. Hubbell's catalogue of patented products now numbers in the tens of thousands, and is still growing. About webPLAN CeO: CeO is an acronym for Collaborative eSupply-Chain Optimization. It integrates supply chain management, product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management, customer relationship management and strategic and enterprise planning, with tactical execution systems and processes. webPLAN CeO is a strategy and a solution-set for increasing shareholder value with an e-Business model that integrates self-service, visibility, collaboration and optimization, with a web-intrinsic architecture. About Hubbell: Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for commercial, industrial, utility, and telecommunications markets. With $1.4 billion in annual revenues, Hubbell operates manufacturing facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , Mexico, Singapore, and the United Kingdom, participates in joint ventures with partners in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Taiwan, and maintains sales offices in Malaysia, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , South Korea, and the Middle East. The corporate headquarters is located in Orange, CT. For more information visit www.hubbell.com. Hubbell is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbols "HUB-A" and "HUB-B." About webPLAN: webPLAN Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with corporate offices in Chicago, Illinois, Cincinnati, Ohio “Cincinnati” redirects here. For other uses, see Cincinnati (disambiguation). Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. and Ottawa, Canada. A global community of over 8,000 users now employs webPLAN as their e-Business and supply chain solution. For more information on the company, its services and its products visit www.webplan.com. About Strategic Technologies Strategic Technologies creates competitive advantage for its customers by combining deep industry knowledge of manufacturing, distribution and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. with broad expertise in e-business technologies. It partners with clients to envision, build and deploy e-business solutions that vastly improve the performance of their value chains. For more information visit www.stratech.com. This press release contains forward-looking statements that may involve risk and uncertainties. These statements include, without limitation, statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the company's future economic performance, management's opinions about the ability of the company to compete successfully and other non-historical information. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences include, without limitation, those risks discussed in item 6 under the heading "additional risk factors" as well as those discussed elsewhere in the company's annual report on Form 10-KSB. Copyright (c) 2000 webPLAN Inc. All rights reserved. Company and product names are registered trademarks of their respective companies. Collaborative Planning is a registered trademark of webPLAN. |
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