FreeMarkets Announces Agreement with Tomkins

    PITTSBURGH--Sept. 6, 2001--FreeMarkets, Inc.

    World Class Global Engineering Group to Source
    Goods and Services Through FreeMarkets;
    Agreement Follows Successful Completion of Pilot

    FreeMarkets, Inc. , the leading global sourcing market and provider of e-sourcing software and service solutions, today announced that it has signed an agreement with Tomkins, a world class global engineering group.
    Under the terms of the agreement, FreeMarkets will provide Tomkins with access to its e-sourcing software and service solutions, which Tomkins will use to source a variety of goods and services for its global operations. The agreement follows the completion of a successful pilot program that began November 2000.
    "Tomkins is aggressively pursuing technology that drives out inefficiencies in our supply chain, increases our overall speed of decision making and execution, and reduces our overall procurement costs," said Chris Ehrhard, Director eProcurement, Tomkins. "FreeMarkets' e-sourcing technology and services are helping us achieve our goals in this area."
    To date, Tomkins has used FreeMarkets to achieve its quality and cost goals on goods and services across a wide range of supply categories including: stampings, metal fasteners, plastic injection molding, paperboard products, and more.
    "We are very pleased that Tomkins has chosen to extend its relationship with FreeMarkets," said Jim Zuffoletti, Vice President, Diversified Manufacturing at FreeMarkets. "Tomkins is an innovative company in its use of Internet technology, and we look forward to continuing our relationship with them and to delivering additional savings and efficiencies through our industry-leading e-sourcing technology, market information and services."