Let the Good Times Roll

FreeMarkets expands and extends relationship with Pilkington

Pittsburgh, PA  November 29, 2001  FreeMarkets Inc., a global provider of e-sourcing software and service solutions, proved today that you never can get too much of a good thing.

The company announced that it has expanded and extended its relationship with Pilkington plc, a manufacturer of glass and glazing products for the building, automotive, and aerospace industries. Under the terms of a new agreement, Pilkington has added QuickSource, FreeMarkets' e-sourcing platform, to its portfolio of e-commerce solutions. The company has also extended its strategic sourcing relationship with FreeMarkets into 2002.

We've been very pleased with the results we've achieved using FreeMarkets FullSource, and will continue to leverage the offering to create online markets for a wide variety of goods and services, said David Whatham, group director of supply management, Pilkington. In addition, we will use FreeMarkets' QuickSource to structure online negotiations on our own in order to further streamline our procurement process, generate additional savings and meet our overall e-sourcing objectives."

Pilkington has been using FreeMarkets FullSource as a platform for sourcing goods and services online since July 2000. FullSource allows companies to create online markets. By adding QuickSource to its portfolio of e-sourcing solutions, Pilkington hopes to automate the processes of creating Requests for Quote (RFQs), negotiating and communicating with suppliers.

In addition, QuickSource provides RFx functionality, competitive bidding and other negotiation formats, reporting and management tools, supplier collaboration capabilities and multi-currency and multi-language features.

Pilkington pioneered the use of online markets in Europe with its adoption and implementation of FullSource, said Dan Willmer, director and general manager of the automotive sector at FreeMarkets. By licensing QuickSource, Pilkington is again forging new territory. We are pleased to be expanding and extending our relationship with the company, and look forward to continuing to provide them with the technology and service solutions they need to reach their e-sourcing goals.