FreeMarkets Announces New Agreement With Eaton

    PITTSBURGH--April 9, 2001--FreeMarkets, Inc. , the leading B2B Global Marketplace and eSourcing solutions provider, today announced that it has signed a new, two-year agreement with Eaton Corporation , a global manufacturer of highly-engineered products that serves industrial, vehicle, construction, commercial, and aerospace markets. Under the terms of the agreement, Eaton will continue to use the FreeMarkets(R) B2B Global Marketplace as a platform for sourcing a variety of goods and services for its operations worldwide.
    The new agreement extends the relationship that FreeMarkets and Eaton began in 1998 through 2003.
    "We are very pleased to be extending our relationship with FreeMarkets," said Stan Mickens, Vice President, Supplier Resource Management, of Eaton. "FreeMarkets has consistently delivered measurable results to our organization, and we look forward to continuing to leverage the company's technology, domain expertise and market making experience to source goods and services."