E-Commerce Solution To Be Customised in NZ

FOR IMMEDIATE RELEASE

Genie Systems Secures Major Deal In Asia With Sale of OrderWare to Singapore-based Conglomerate

E-Commerce Solution To Be Customised By NZ-Based Programmers

AUCKLAND – 24 October 2000 – New Zealand e-Commerce software development company, Genie Systems Limited, announced the sale under licence of its flagship e-procurement system, OrderWare, to Singapore–based Keppel FELS Energy and Infrastructure. Keppel FELS is engaged in the energy and infrastructure development business and is a world leader in the design and construction of jack-up rigs.

Keppel FELS will use OrderWare's e-procurement application to automate the process of purchase requisitions for its rig construction activities. This will enable the automatic consolidation of purchase orders as well as the automatic preparation of RFQs (Requests for Quotations). In addition, the e-procurement solution will integrate to a marine portal using the latest XML technology so that suppliers can respond online to RFQs.

The deal involving Keppel FELS is a further validation of OrderWare as a world-class product says Genie Systems CEO, Mike Hendry. “We are a global e-Commerce collaboration and exchange platform. This contract, following on from our success in August with Toys “R” Us in the United States, further underlines our ability to implement and operate highly complex procurement and distribution systems throughout the world,” he said.

According to Peter Garden, Chief Technology Officer for Genie Systems, the project is particularly exciting because it shows that OrderWare’s workflow driven procurement can handle the very complex processes associated with production or direct procurement. “Most web based procurement systems are designed around the relatively simple processes of requesting, approving and purchasing consumables, IT supplies and other simple products,” he said. “At Keppel FELS there are many buyers, engineers and approvers involved in the process, with a large number of drawings, specifications and plans attached to purchase requisitions. All of this has to be routed and managed according to complex business rules.” The system is entirely web-based, both for internal buyers and engineers, as well as external vendors, and links through to existing internal ERP systems.

About Keppel FELS

Keppel FELS Energy and Infrastructure is a world leader in the design and construction of jack-up rigs, and is currently expanding its energy business with the integration of subsidiary, Singapore Petroleum Company. Keppel FELS is also a developer, turnkey contractor and investor in the engineering and infrastructure sector. More information on the Keppel FELS Group is available at http://www.keppelfels.com.sg

About Genie Systems Limited

Established in 1998, Genie Systems has offices in New Zealand, Australia and the United States. The company provides packaged applications for real time, end-to-end business-to-business e-Commerce via the Internet, trading exchange, corporate Extranet or corporate Intranet. Its flagship suite, OrderWare, is a fully featured collaboration and exchange package with fully integrated supply chain management and procurement capabilities to enable B2B orders to be placed over the Internet.
OrderWare facilitates Web-based order entry, supply change management, internal procurement and product cataloguing. It also contains an additional packaged application to streamline the frequently complex process of interfacing with back-end third party applications. Furthermore, OrderWare has fully integrated Web-based workflow management, enabling business processes to be truly delivered online between organisations.
In June 2000 Genie Systems secured a major licensing deal with Unisys to provide the e-Commerce capability for that company’s global Application Service Provider (ASP). Available throughout Australasia, the service is based on the OrderWare suite. Another significant deal, announced in August, involved the sale of OrderWare under licence to the largest toy retailer worldwide, Toys “R” Us. The corporation’s Babies “R” Us division is using OrderWare as part of its retail strategy with the implementation of an in-store Intranet-based special order system.

More information on Genie Systems is available at http://www.geniesystems.com
ENDS
For further information, please call:
 Mike Hendry, Chief Executive Officer & Co-Founder, Genie Systems Ltd, Tel: +1 415 272 4108, Email: mike@geniesystems.com
 Peter Garden, Chief Technology Officer & Co-Founder, Genie Systems Ltd, Tel: +64 21 959-000, Email: peterg@geniesystems.com
 Nicholas O’Flaherty, Director, Bullet PR Limited, Tel: + 64 21 303-181, E-mail: nicholaso@bulletpr.co.nz

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