SOURCE: TradeBeam

October 31, 2006 08:00 ET

ARC Automotive Selects TradeBeam to Improve Global Inventory and Supplier Management

Automotive Supplier to Use Collaborative Inventory Management Solution i-Supply to Drive Costs Out of Supply Chain

SAN MATEO, CA -- (MARKET WIRE) -- October 31, 2006 -- TradeBeam, Inc., a leading provider of on-demand Global Trade Management (GTM) software and services, today announced that ARC Automotive, Inc., a unit of Sequa Corporation (NYSE: SQAA) and a global automotive supplier of airbag inflators, signed an agreement to use TradeBeam's Collaborative Inventory Management solution i-Supply as part of an effort to improve the company's inventory management and drive bottom line benefits. Currently, i-Supply is being rolled out to ARC plants and its suppliers in the U.S., Mexico and China.

"TradeBeam's i-Supply product is a proven system, and we're confident it will help us improve our supplier and inventory management and, ultimately, lead to bottom-line cost savings and enhanced customer service," said Kenny Edwards, Vice President of Supply Chain Management at ARC Automotive. "TradeBeam's solution and delivery model was appealing for a number of reasons. In addition to affording rapid implementation and superior functionality, the fact that the system can be accessed from anywhere provides a low cost option for communicating electronically with our supply base."

Like many manufacturers, ARC Automotive needs to address changes in customer requirements and to communicate this information to suppliers as quickly as possible. The ARC team recognized the need to transition from a manual system of inventory management to the advanced system provided by TradeBeam in order to improve asset utilization, minimize excess inventory, avoid premium freight charges, and improve customer satisfaction. TradeBeam's i-Supply will help ARC Automotive meet the challenge by bringing a high degree of automation to supplier management.

By leveraging and enhancing the key information locked within existing software systems, i-Supply makes value-added information visible to all participants in the supply chain. This accessibility leads to real-time execution of component replenishment and provides a collaborative environment where all parties can gain better control of their operations. Additionally, as ARC Automotive moves away from paper-based methods of supply chain management they will enjoy both increased efficiency and cost savings derived from electronic communication with its supply chain partners, and their customers will benefit from the dual advantage of improved on-time delivery and enhanced service.

"Effective supply chain management is increasingly vital to global manufacturers' success, and automation is one of the keys to unlocking efficiencies," said Graham R.F. Napier, CEO and President of TradeBeam. "ARC Automotive is a forward-thinking organization that is committed to taking the management of their supply chain to the next level."

About Sequa

Sequa Corporation is a diversified manufacturer with seven discrete operating units organized around six segments -- aerospace, automotive, metal coating, specialty chemicals, industrial machinery and other products. Focused on operations with a strong technological component, Sequa holds positions of leadership in key industries and continues to extend its market reach through both internal and external growth strategies. For more information, please visit www.sequa.com.

About ARC Automotive

ARC Automotive, Inc. is a Sequa company producing automotive airbag inflators for the global automotive market (driver, passenger, side and curtain). With more than 50 years of design expertise in propellant and inflator technology, ARC Automotive, Inc. is committed to providing customers innovative, high quality products and service. For more information, please visit www.arcautomotive.com.

About TradeBeam

TradeBeam is an on-demand Global Trade Management software and services company providing solutions that streamline global trading processes for enterprises and their partners. TradeBeam's integrated solutions provide import and export compliance, inventory management, shipment tracking, supply chain event management and global trade finance solutions such as open account and letter of credit management. TradeBeam has over 3,000 customers with users in over 100 countries worldwide. For more information, please visit www.tradebeam.com.

Copyright © 2005 TradeBeam, Inc. All rights reserved. TradeBeam and logo, TradeBeam 3.0 GTM Application Suite, i-Supply, and TradeBeam Solution Blueprints are trademarks and/or registered trademarks of TradeBeam, Inc. and/or SupplySolution, Inc. TradeBeam, Inc. and SupplySolution, Inc. are wholly owned subsidiaries of TradeBeam Holdings, Inc. All other company, product and brand names are trademarks of their respective owners.