SOURCE: NineSigma, Inc.

February 06, 2007 13:26 ET

NineSigma Announces Record Volume in January 2007

Record Backlog of Projects Drives Strong January Results

CLEVELAND, OH -- (MARKET WIRE) -- February 6, 2007 -- NineSigma, a leading provider of open innovation solutions to industry, announced today that January 2007 was the highest month of business volume in the history of the company. NineSigma works with Global 1000 companies to identify innovation opportunities within their organization and develops Request For Proposals (RFPs) around these problems. NineSigma sends the RFPs to scientists, innovators and innovation alliances around the world to find a commercial ready solution to these new innovation opportunities. In January 2007, NineSigma produced and released more than 50 RFPs. That is a 60 percent increase over the prior monthly record and nearly eclipses the record volume for RFPs released in an entire quarter. With six months of order backlog, the company is assured of record volume in the first quarter.

"This record volume and strong backlog show that our value proposition of providing expert support in identifying, quantifying and articulating important innovation opportunities is supporting the efforts in the R&D departments of our clients," said Richard E. Putt, Sr. Vice President of Sales & Marketing at NineSigma, Inc. "Further, our solution provider network is robust and our clients are very pleased with the commercial ready solutions they are finding through our open innovation process."

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, Dupont, Kraft, 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

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