NineSigma Receives Contract from PEL Technologies

    CLEVELAND--July 9, 2003--NineSigma, Inc. announced that they received a contract from PEL Technologies LLC, a company formed in conjunction with The Timken Company and Phoenix Environmental Limited to commercialize engineered iron oxides. PEL Technologies engaged NineSigma to help them identify innovative technologies to support the development of the company's engineered materials. This represents NineSigma's first contract with PEL.

    NineSigma serves the global research and development industry by facilitating "Open Innovation" strategies for clients seeking to acquire technical innovations developed outside their organization. Through its proprietary Managed Exchange (M:X(TM)) process that utilizes Ph.D.-level program managers, web-based tools, and a database of global solution providers, NineSigma matches technology seekers with unobvious or disruptive innovations faster, more effectively, and at a lower cost than conventional means. For more information on NineSigma, visit www.ninesigma.com.