GRIDNODE EXECUTIVE SHARES KEY TO ACHIEVING SUCCESSFUL BUSINESS-TO-PEER COLLABORATION FOR CHEMICAL COMPANIES AT IBC ASIA CONFERENCE SINGAPORE, February 5, 2001 - GridNode, a global software company and leading provider of eXtended enterprise Businessware (XB), today announced that Frank Ng, GridNode's senior business consulting manager, will deliver a presentation, titled "Successful Business-to-Peer Collaboration for Chemical Companies - A Case Study," this week at the Effective Chemical Procurement Strategies 2002 Conference in Singapore. Hosted by IBC Asia, this conference provides a forum for business leaders in the global chemical industry to discuss the future of B2B trading in procurement strategy. A pillar of the industrial establishment, the chemical industry finds itself on the front line as the Internet sweeps through traditional industry landscapes. Forrester Research estimates that 30% of the $1.6 trillion chemical market will trade online by 2005. GridNode has long realized that chemical companies stand to reap great rewards by streamlining inventory, purchasing, shipping and logistics functions. Therefore, it is no surprise that the chemical industry was one of the first and most fervent adopters of GridNode's businessware for B2B collaboration. Mr. Ng's presentation will highlight the benefits of business-to-peer collaboration as it relates to the key components for a good demand fulfillment strategy in a value chain. The demand fulfillment model, based on the peer-to-peer network, enables total business visibility along the whole supply chain facilitating track and trace of the goods, exception monitoring and management, and electronic document exchange. In addition, Mr. Ng will present a case study outlining the competitive advantages that a leading chemical manufacturer and a logistics service provider have realized by leveraging the GridNode's businessware platform. For more information about the IBC Asia Effective Chemical Procurement Strategies 2002 Conference, please visit www.ibc-asia.com. About GridNode GridNode provides businessware for extended enterprise management. Using a highly-optimized, distributed architecture for B2B integration and collaboration, GridNode's Peer-to-Peer (P2P), XML-based suite allows critical supply chain data to be exchanged, synchronized and analyzed in real-time via the Internet infrastructure, reliably and efficiently. GridNode's software solution complies with the latest industry standards and complements existing enterprise information systems, such as ERP, SCM and CRM. In addition, GridNode's product line offering includes a robust and affordable RosettaNet Basics-compliant solution that enables business process automation and connectivity to trading partners of any size. GridNode has offices in US, Singapore and Taiwan. For more information, please visit www.gridnode.com. For more information: Lee Kiew Puan GridNode Pte Ltd +65 6 848 5848 kiew.puan.lee@gridnode.com