GM Joins Chem Marketplace

GM makes news for joining an e-marketplace that's not Covisint

March 1, 2001 -- LabSeek, a B2B e-marketplace for scientific laboratory services, today announced that General Motors Corporation has joined LabSeek's e-marketplace to offer access to its analytical chemistry and materials characterization research capabilities exclusively through LabSeek's e-commerce site. The deal marks a big win for LabSeek, given that GM is among the largest R&D organizations in the world, with an annual research and development budget of approximately $7.8 billion.

"We're pleased to add GM's extraordinary research capabilities to our growing roster of high-caliber participating labs," said Todd Peterson, president and CEO of LabSeek. "GM further extends our ability to meet customers' analytical needs around the world, across an increasingly wide range of industries."

With manufacturing operations in 50 countries and a global presence in more than 200 countries, GM employs a global research and development staff exceeding 650 people. More than half of its researchers hold doctorate degrees. GM's membership in LabSeek facilitates access to GM's materials characterization and analytical problem solving experience. The automotive giant's research and development labs primarily focus on innovation in automotive propulsion, enhanced engineering design and development, vehicle integration, materials and their processes, chemical and environmental systems, and the future business enterprise.

The addition of GM brings the current number of LabSeek's exclusive partnerships with Member Labs to 44 since the company's launch in January 2000. In addition to GM, participating LabSeek laboratories include Procter & Gamble, Shell, General Mills' Medallion Laboratories, B.P. Amoco and Phillips Petroleum, among others.