AB Nynas Petroleum Selects ClearCross to Establish Corporate Standard for Materials Compliance

    RESTON, Va.--June 17, 2002--AB Nynas Petroleum has selected ClearCross' Materials Compliance Solution to ensure regulatory compliance for its Nynas Bitumen division and build the foundation for the corporate standard across its Naphthenics and Fuels divisions.
    ClearCross is the leading global provider of intelligent content and applications for cross-border trade compliance and security, and was selected for its ability to prepare Nynas for pending EU regulatory changes. Nynas is and one of the largest European suppliers of bitumen, which accounts for 70% of overall Nynas production, and is a world leader in the global market for naphthenic specialty oils.
    Nynas has a competitive advantage over other oil companies through its high level of specialization to meet customer needs. Nynas Bitumen produces, develops and sells bitumen which is mainly used as a binding agent in asphalt road construction as well as various special applications for industrial purposes.
    Current processes at Nynas Bitumen were too complex to manage the portfolio of products and raw materials inventory throughout its cross-border supply chain. The deal includes a five-year agreement whereby ClearCross' automated solution will streamline current procedures, reduce duplicate efforts, and improve the overall compliance level.
    ClearCross offers global reach, comprehensive regulatory content and ease of integration with current systems. The Materials Compliance suite will automate the document production process, including the authoring, distribution and management of (M)SDS, Labels, Tremcards, and more.
    "ClearCross is pleased to offer the global reach required to establish a corporate standard for regulatory compliance," said Bruce Johnson, President and CEO of ClearCross. "Our ability to streamline procedures and automate processes delivers continuous cost savings through increased efficiencies."

    About ClearCross

    ClearCross, the leading global provider of intelligent content and applications for cross-border trade compliance and security. From design to logistics, comprehensive content supports regulatory compliance requirements and expanding security measures worldwide.
    Our focus simplifies global commerce needs for industries where value chain efficiency can have a significant impact on profitability, including Chemical, Energy, Pharmaceutical, High-tech and automotive. Clients include Akzo Nobel, BP, Merck Pharmaceutical, Oracle, CCL Custom Manufacturing, and Volvo. For more information please visit our website at www.clearcross.com.