SOURCE: NineSigma

October 15, 2007 08:30 ET

NineSigma Japan Announces Rapid Growth

Strong Demand for Open Innovation Results in 100 New Projects in First Year of Operations

CLEVELAND, OH--(Marketwire - October 15, 2007) - NineSigma, a leading provider of open innovation solutions, today announced that its NineSigma Japan subsidiary, launched in the fall of 2006, has reached a major milestone of 100 projects in its first year. A number of industries helped fuel growth led by strong demand in the chemical, automotive and electronics sectors.

NineSigma is delivering a unique open innovation offering to Japan which has driven breakthrough results in other key global markets. Management credits its rapid growth in Japan to a strong acceptance of this approach and recognition of the need to build R&D resources. "Japanese companies are beginning to view external innovation as a natural extension of the R&D organization," said Akihiko Suwa, NineSigma Japan's President and CEO. "This philosophy, coupled with the need for expanded innovation resources, makes the NineSigma model a natural fit for the Japanese market. We anticipate continued strong demand in Japan as NineSigma delivers results that help optimize our clients' innovation programs."

NineSigma enables clients to source novel ideas, technologies, products and services from outside their organizations quickly and inexpensively by connecting them to the best innovators and solution providers from around the world. Through the company's unique Request for Proposal process, NineSigma clients can access the largest and most comprehensive open network of scientific researchers in the world to solve their business needs. This is critically important to companies facing pressures to accelerate time to market and reduce cost while driving top-line growth through new product innovation.

NineSigma Japan has significantly grown its staff of senior R&D leaders who serve as Program Managers to work directly with the clients on shaping the technology requests. With new clients signing on every month in Japan, the company is also garnering interest for expansion to Korea where open innovation is a well understood best business practice.

About NineSigma

NineSigma partners with Global 1000 companies to transform their innovation capabilities by connecting them with the very best innovators from around the world. NineSigma's proprietary process for Open Innovation enables companies to dramatically improve speed to market while lowering product development costs and reducing risk in decision making. NineSigma's open network of innovators is the largest of its kind and spans industries, geographies, and technical disciplines. Companies such as P&G, GlaxoSmithKline, DuPont, Kraft, General Mills and Unilever engage NineSigma to build new innovation capabilities that leverage research and innovation globally to deliver greater value to their customers. For more information visit: www.ninesigma.com.

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