General Motors Corporation Signs with Blue292 Early-Adopter Program
10 April 2000
General Motors Corporation Signs with Blue292 Early-Adopter ProgramBlue292 to Develop Custom Network Site to Assist GM in Environmental Business Management DURHAM, N.C., April 10 Blue292, the world's leading business-to-business Internet exchange for environmental, health and safety products and services, today announced that it has signed General Motors Corporation to participate in its new Early-Adopter Pilot Program designed to help the corporation with its ongoing environmental business management. As part of the program, Blue292 will develop a secure custom network site which will allow General Motors to connect to environmental, health and safety products and services from Blue292's business-to-business exchange. Blue292 will also design a link to GM's environmental suppliers, developing tools and resources, and will work with those vendors and service providers to assist GM with the corporation's specific goals of innovation, efficiency and environmental leadership. "General Motors is a leader in implementing environmental principles and policies," said Susan K. Acker, President and CEO of Blue292. "We are delighted to be teaming up with one of the world's largest automobile manufacturers to provide the very best and most efficient business solutions to meet their needs." "General Motors is committed to environmental leadership beyond compliance throughout our business. Our participation in Blue292's Early-Adopter Program is part of our continued emphasis in this field. We look forward to working closely with Blue292 to accelerate our innovative efforts in the environmental arena," said Dr. Patricia Beattie of GM's Environmental Services Worldwide Facilities Group. About Blue292 Founded in 1997 and based in Durham, North Carolina, Blue292 is a business-to-business Internet exchange for environmental, health and safety products and services. The company designs customized secure websites that match consumers and the best suppliers of these services, including testing and monitoring equipment, sampling supplies, and analytical glassware, as well as staffing, training, analytical laboratory and compliance services. Blue292 acquired $2 million in venture capital in mid-January from Eno River Capital of Durham, and a $17 million investment -- including a $15 million Series B round -- led by Sprout Group, the venture capital affiliate of Donaldson, Lufkin & Jenrette Inc., in March 2000. Eno River Capital will participate in the Series B funding as well. Blue292 also obtained investments from the North Carolina Technological Development Authority. The company's public website is http://www.blue292.com.