Bosch, Delphi, Denso, Ford Motor Company, Porsche and Toyota to Trade Intellectual Property On yet2.com

Business Wire, June 12, 2000

Business/Technology Editors

CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 12, 2000

25 Percent of All Global R&D in the Auto Industry

Now Available on The World's First Online Cross-Industry

Exchange for Buying and Selling Technology

yet2.com, the first cross-industry global marketplace for the exchange of technology on the Internet, announced that companies responsible for approximately 25 percent of all R&D in the auto industry worldwide will trade their innovation assets on yet2.com. Bosch, Delphi Automotive Systems, Denso Corporation, Ford Motor Company, Porsche and Toyota will exclusively list their combined $15 billion in R&D spending on yet2.com's technology exchange. These companies provide users with access to every facet of the automotive industry including components, systems and manufacturers.

"yet2.com is a natural marketplace for Porsche to trade its innovations," said Jurgen Herrman, general manager, patents and licenses, Porsche AG. "Our business is built on the profitable collaboration with other enterprises. And, yet2.com ideally complements this approach, it provides Porsche with exposure to multiple industries worldwide helping us to discover applications for our technologies both inside and outside the automotive industry."

These companies join the growing list of founding sponsors on yet2.com's marketplace. The leading technology companies include 3M, Agfa-Gevaert Group, Arthur D. Little, Asahi Glass Company, BASF, Battelle, The Boeing Company, British Telecommunications, Ciba Specialty Chemicals, Dow Chemical, DuPont, EPRI, Fuji Photo Film Company, Honeywell, Kao Corporation, Mitsubishi Chemical Corporation, Mitsui Chemicals, Monsanto, Philips Electronics, Pitney Bowes, Polaroid Corporation, Procter & Gamble, Rockwell, SAIC, Sandia National Laboratories, Shell Global Solutions, Siemens, Sumitomo Electric Industries, Toray Industries, Toshiba Corporation, TRW and the University of Michigan.

"The automotive industry is already capitalizing on the enormous opportunities available on the Internet, providing powerful electronic marketplaces to improve supply chain efficiencies," said Chris DeBleser, CEO of yet2.com. "By joining yet2.com, they have another powerful mechanism to realize the true value of their technology assets for shareholders and identify vital technology solutions inside and outside their industry sector far faster and more efficiently."

yet2.com streamlines the technology transfer process by matching buyers with sellers in a dynamic, user-driven marketplace over the Internet. Organizations can now efficiently market their technologies to realize hundreds of millions of dollars in revenues through out-licensing. Individual scientists, inventors and licensing professionals can now more easily market their technologies to buyers worldwide. yet2.com enables companies and individuals to make non-intuitive connections across multiple industries worldwide, helping to shorten the technology transfer process and increase R&D efficiencies.

To learn more about yet2.com, visit http://www.executiveradio.com/yet2com to hear a Webcast interview with CEO Chris DeBleser.

About yet2.com

yet2.com is the first cross-industry global marketplace for the exchange of technology on the Internet. The company has enlisted a growing core of leading corporations and government agencies to pledge technology assets from every field of research. yet2.com is creating the most efficient method of streamlining research and development and extracting value from intellectual assets. With its headquarters in Cambridge, Massachusetts, USA, yet2.com has offices in Europe and Asia. For more information, visit www.yet2.com.