Powerway Announces Alliance With Commerce One; Powerway to Offer Collaborative Quality and Engineering Software Solutions to Commerce One E-marketplace Customers Worldwide
INDIANAPOLIS--April 18, 2001--Powerway, Inc. today announced it will begin offering collaborative quality and engineering solutions to the Commerce One worldwide network of e-marketplace customers, suppliers and partners.Powerway was named a Business Service Provider for Commerce One. The Commerce One Global Trading Web(TM) of e-marketplaces is the world's largest business-to-business global trading community.
Powerway's software solutions and Internet workplace Powerway.com improve both enterprise and supply chain performance by automating industry-specific quality and standards-based business processes so trading partners work together in real-time as virtual enterprises. The result can be accelerated time-to-market, improved quality and reduced risks and costs.
By automating standards-based product development and production-side quality processes, Powerway enables suppliers to better manage multi-tier exchange of mission-critical design and process data. This enhanced visibility enables the correction of potential product quality and production process design problems before they occur.
To date, Powerway has focused on the global automotive industry and, last week, was chosen to drive quality performance for Covisint as a best-of-breed technology provider. Powerway is currently in the roll-out phase with DaimlerChrysler's Chrysler Group, deploying its Powerway.com Internet workplace to address process and performance inefficiencies throughout Chrysler's Extended Enterprise(R).
As a Business Service Provider for Commerce One, Powerway now plans to expand its experience and expertise to other industries including aerospace, defense, medical devices and the government.
"We believe Powerway's quality and business process model complement the full range of business service solutions currently offered to Commerce One-powered e-marketplace customers," said Dan Wecker, vice president, industry development for Commerce One. "We also believe Powerway will enable new levels of collaborative processes between trading partners on the Global Trading Web."
"Commerce One understands the needs of suppliers for multi-tier visibility and real-time access and analysis of critical data throughout the product development process, and we are pleased that we will join together to offer Powerway's quality and engineering solutions to e-marketplace customers around the world," Powerway CEO Mike Campbell said.
Karl Schneider, senior manager of e-Extended Enterprise(R) at DaimlerChrysler Corporation, added that the Powerway and Commerce One alliance is a strong one for both partners. "Powerway now will be able to leverage its proven quality and process performance solutions from the automotive marketplace into the global trading community with access provided by Commerce One."
About Powerway
Powerway, Inc., a privately held technology company founded in 1987, provides e-business solutions, leading-edge software and professional services for enhanced collaboration within and between organizations. Powerway currently has offices in Indianapolis, Detroit, London and Mexico City, and approximately 300 employees worldwide. Its list of 3,500 customers spans the automotive, general transportation, appliance and process industries.
To learn more about Powerway and take a test drive of Powerway.com, visit the Web site at www.powerwayinc.com.
Forward Looking Statements
The foregoing paragraphs include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning the complement of Powerway's quality and business process model to the existing business services solutions currently offered to Commerce One's e-marketplace customers, the expectation that Powerway's solutions will enable new levels of collaborative processes between trading partners on the GTW and Powerway's plans to expand its expertise to other industries as a Business Service Provider for Commerce One. The words "believe," "expect," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. Such statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These risks include, but are not limited to, reduction in demand for business services, competition and pricing pressures, unexpected expenses, the possibility that e-marketplace solutions offered may not meet user expectations, the extent of customer adoption and utilization of the solutions provided, operational difficulties including unexpected delays integrating acquired companies, risks related to the World Wide Web, general economic conditions, intense and increasing competition in the market and volatility of the stock market. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2000.