GRIDNODE ROLLS OUT PEER-TO-PEER SOLUTION FOR B2B INTEGRATION AND COLLABORATION GridTalk expedites information flow in supply chains SINGAPORE, 18 September 2001 - GridNode Pte Ltd, a global software company and a leading provider of supply chain integration and solutions, today announced the availability of its flagship software product, GridTalk. A peer-to-peer solution for business-to-business (B2B) integration and collaboration, GridTalk empowers enterprises to exchange, share and synchronize critical business data, thus expediting information flow in their supply chains. GridTalk is an XML-based, data interchange software developed on the innovative peer-to-peer architecture. Developed in Java, GridTalk runs off any PC, notebook, server or net appliance with any type of access to the Internet. GridTalk allows your business supply chain to exchange business documents, automate workflows and synchronize shared data directly with your business partners over the Internet, in real-time, reliably and efficiently. Designed with comprehensive flow control, security features and business audit functions, GridTalk works with the existing network infrastructure and enhances the information exchange capabilities of existing enterprise systems, such as ERP, SCM and CRM. "AMR Research estimates the market for Business Process Management (BPM) applications, a natural convergence between Workflow, Enterprise Application Integration (EAI) and Business-to-Business Integration (B2Bi) technologies, to be about US$800 million in 2001 with a CAGR of 112 percent," said Leow Chee Tong, CEO and Managing Director of GridNode. "With a customer base that includes Fortune 500 companies, GridNode is well-positioned to capture a sizeable share of this new market for B2Bi. We are investing to expand our business in the region and across the US." GridNode's customer base currently includes renowned Fortune 500 enterprises, like Seagate Technology and Fritz Logistics Pte Ltd. Other customers in the high-tech manufacturing arena include Yosun Industrial Group, Yageo Corporation (Taiwan), and Philips Components (US) GridNode's investors include Draper Fisher Jurvetson, the Walden International Investment Group, First Taiwan Venture Capital and TIF Ventures. About GridNode GridNode provides businessware for extended enterprise management. Built on the innovative peer-to-peer (P2P) architecture, GridNode's software allows for back-to-back integration across different trading partners in the supply chain, even when they have diverse information systems. GridNode's products are compliant with the latest industry and open business and technical standards, such as RosettaNet and UDDI. 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