Intershop Enfinity(TM) Drives TRW's Automotive
Aftermarket E-Business
Leading Car Component Supplier Uses Intershop Enfinity to Underpin
E-Business Infrastructure
SAN FRANCISCO, April 26 Intershop Communications, Inc. (Nasdaq: ISHP; Neuer Markt: ISH), a leading
provider of e-business solutions, has been selected by TRW's automotive
aftermarket business to take its sales and distribution channels online in
eight European countries. As the chosen e-business platform, Intershop
Enfinity(TM) provides a quickly deployable, high-performance, scalable and
extensible foundation on which to build electronic relationships with
customers and trading partners.
TRW 's aftermarket business, part of TRW Chassis Systems, a world leader
in braking, steering and suspension systems, as well as commercial steering
and engine components, is a leading supplier of aftermarket car parts,
including braking, steering & suspension and electrical equipment. As part of
TRW's efficiency drive, Intershop Enfinity's integrated e-business platform
will enable the automation and streamlining of TRW's sales and account
management activities, significantly reducing administration and transaction
costs.
Through the deployment of Enfinity, TRW expects to achieve savings of
around $1 million per year in operational costs. TRW's 30,000 customers in
Europe will benefit from having 24/7 access to an online catalog of more than
60,000 products, which can be used to identify needed parts by cross
referencing with 38,000 listed vehicles. Orders can then be placed and
tracked online, including customers' repeat orders, requests for stock
quotations and the placement of express orders. TRW will launch its service
in the second quarter of 2001 in four languages: French, Portuguese, Spanish
and Italian. There are also plans to rollout future versions of the service
in German and Russian.
Enfinity, Intershop's advanced enterprise e-business platform, was chosen
based on the strength and flexibility of its solution. European program
manager for TRW's aftermarket business, Greg Bryan, said: "Intershop's
project team demonstrated that they could be flexible, highly energized and
thoroughly professional. We are extremely pleased with our decision to work
with Intershop -- as even with incredibly tight deadlines, the team delivered
a highly robust and complex e-business solution on time and on budget."
"TRW's implementation of Enfinity reinforces Intershop's capabilities in
providing cross-industry as well as industry-specific solutions," said
John Griffith, managing director of Intershop UK. "Enfinity's powerful
e-commerce platform with flexible components was designed to answer the needs
of specific industries while offering a quicker return on investment, enabling
companies to manage business processes efficiently and optimize their
electronic trading relationships throughout the value chain. Our dedication
to the automotive industry as a key market vertical for Intershop is well
represented by the TRW project."
TRW's Electronic Online Services, powered by Intershop's Enfinity, is
being deployed in France, Spain, Germany, UK, Portugal, Italy, Poland and
Russia.
About TRW
TRW's aftermarket business delivers a comprehensive range of braking,
electronic, and electrical products, as well as providing diagnostic,
technical and marketing support to more than 100,000 customers globally.
TRW's aftermarket business is part of TRW Chassis Systems, a world leader in
braking, steering and suspension systems, commercial steering and engine
components. TRW Inc. provides advanced technology products and
services to the automotive, aerospace and information technology markets. The
company's 1999 sales were $17 billion. TRW news is available on two Internet
sites at http://www.trw.com.
About Intershop
Intershop is a leading provider of e-business solutions for global
enterprises. The Intershop Enfinity e-commerce platform, combined with
proven, flexible industry and cross-industry solutions, enable companies to
optimize relationships with their trading partners, improve business
efficiencies, reduce costs and grow revenues and margins. Intershop's
solutions, which leverage partner industry knowledge and best practice
information from successful customer implementations, deliver extensive
packaged functionality for maximum flexibility and fast ROI. They can be
quickly implemented and seamlessly integrated into existing systems, which
increases time-to-market and delivers more value in less time. Intershop
provides applications and solutions to some of the world's largest
enterprises, including Hewlett-Packard, Intel, Motorola, Shell and Time
Warner. Founded in 1992, Intershop has offices in the U.S., Australia,
Brazil, Finland, France, Germany, Hong Kong, Korea, Sweden, Denmark, Norway,
Singapore, Taiwan and the United Kingdom and can be found at
http://www.intershop.com .
This press release may contain forward-looking statements regarding future
events or the future financial and operational performance of Intershop.
Actual events or performance may differ materially from those contained or
implied in such forward-looking statements. Risks and uncertainties that
could lead to such difference could include, among other things: Intershop's
limited operating history, the unpredictability of future revenues and
expenses and potential fluctuations in revenues and operating results,
consumer trends, the level of competition, seasonality, the timing and success
of international expansion efforts, risks related to electronic security,
possible governmental regulation, and the ability to manage a rapidly growing
business. Additional information regarding factors that potentially could
affect Intershop's business, financial condition and operating results is
included in Intershop's filings with the Securities and Exchange Commission,
including in the prospectus dated September 28, 2000, relating to Intershop's
public offering of common stock.
NOTE: All trademarks are the property of their respective owners.
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