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FreeMarkets provides DuPont with marketplace services

PITTSBURGH --(BUSINESS WIRE)--February 26, 2001 FreeMarkets, a B2B marketplace and e-sourcing service provider, today announced that it has signed a new agreement with DuPont Global Sourcing to provide the global science company with access to its B2B Global Marketplace.

The agreement follows the conclusion of a successful pilot in which DuPont Global Sourcing used the FreeMarkets B2B Global Marketplace to source indirect materials, packaging, transportation services, and capital equipment.

"DuPont is driving to build competitive sourcing advantage through the use of a variety of Internet tools," said Henri E. Irrthum, vice president of DuPont Global Sourcing and chief procurement officer. "The capabilities offered by FreeMarkets have attractive and immediate merit."

"We are very pleased that DuPont Global Sourcing is choosing to use our B2B Global Marketplace to purchase goods and services that are key to their business," said Max Scoular, director and general manager of the Energy and Process Industries Group at FreeMarkets. "DuPont is a leader in the chemical industry in the use of innovative technologies, and we look forward to helping them achieve results through our unique combination of industry-leading eSourcing technologies and market information and services."