Pantellos Announces Alliance With Framatome ANP, Inc.; New Relationship Underscores Commitment to Nuclear Industry

Business Wire, Sept 10, 2001

Business Editors & Energy Writers

THE WOODLANDS, Texas--(BUSINESS WIRE)--Sept. 10, 2001

Pantellos, the independent marketplace for the utility and energy services industries, today announced that Framatome ANP Inc., a leading provider of products and services for commercial nuclear power operations, has joined the marketplace to work with Pantellos in improving supply chain and overall business operations for Pantellos' members.

"Many Pantellos members own and operate nuclear power plants around the world. We are developing relationships with global partners to create innovative ways to meet the unique needs of the nuclear power industry," said John Jung, Pantellos vice president of solutions and services. "Framatome ANP's experience and global presence fits the needs of our members, and we look forward to working with them."

The Pantellos Collaborative Agreements combine supply chain expertise with strategic sourcing experience to help suppliers develop new markets and help buyers find better products, prices and services. As a supplier, Framatome ANP will work with Pantellos to create improved supply chain processes surrounding parts and services for nuclear generation facilities and for Pantellos members in general. These agreements can further improve business processes through:

-- Improved inventory strategy

-- Standardization of Terms and Conditions

-- Standardization of manufacturer's documentation requirements

-- Product equivalency evaluation and documentation support

-- Improved asset lifecycle management

-- Value analysis and value engineering

-- Improved cash cycle

"We appreciate Pantellos' mission to help its nuclear members overcome the unique supply chain challenges associated with the nuclear industry," said Sandy Hellman, Vice President of Framatome ANP Inc.'s Nuclear Parts Center. "We look forward to combining our expertise and expanded resources in creating smart and cost-effective business options for the Pantellos' membership."

About Pantellos

Pantellos is an independent marketplace for the utility and energy services industries that brings buyers and suppliers together to improve the way they do business. Founded by 21 of the leading utility and energy companies in North America, Pantellos offers all members access to deep industry and supply chain expertise, a broad suite of supply chain solutions and leading-edge technologies. Pantellos is based in The Woodlands, Texas. For more information visit www.pantellos.com

About Framatome ANP, Inc.

Framatome ANP, Inc. is a leading provider of products and services for commercial nuclear power operations, the Department of Energy, and other related industries. Using the most advanced technologies available, the company performs a comprehensive range of inspection and maintenance services on all types of PWR and BWR reactors including all refueling floor services and primary and auxiliary component services. Framatome ANP, Inc. is a wholly owned subsidiary of Framatome ANP SA, France, a world leader in providing nuclear power plants, fuel assemblies, and mechanical engineering services.