SOURCE: NineSigma

May 29, 2007 08:30 ET

NineSigma Sees Open Innovation as Key to Faster Eco-Friendly Solutions

Sharp Upward Trend of Seeking "Green Solutions" Underscores NineSigma's Open Innovation Approach

CLEVELAND, OH--(Marketwire - May 29, 2007) - NineSigma, a leading provider of open innovation solutions to the enterprise, today announced that its custom approach to open innovation enables speed to market for their global customers looking for green solutions in a myriad of business arenas. Since 2006, NineSigma has seen a 400% increase in the rate of client projects seeking new environmentally friendly processes and products. NineSigma's innovative approach offers faster solutions for green projects including biodegradable packaging projects, chemical processing technology, alternative and eco-friendly materials, renewable resources and methodologies for measuring environmental impact.

The global market for "green" materials, estimated at $6.1 billion in 2005, is expected to reach $8.7 billion by 2010, as reported by BCC research. There are several worldwide initiatives aimed at eliminating the use of various hazardous materials in many industrial applications to safeguard human health and the environment. As regulation and consumer demands require manufacturers to look for greener alternatives to existing technology, NineSigma is leading the way for environmentally conscious companies to bring green solutions to market faster.

"We were looking for a more environmentally friendly alternative to a product category that has been restricted by the EPA," said Mary Gum, innovation council leader at Momentive Performance Materials, formerly GE Advanced Materials. "NineSigma's approach helped us discover a promising replacement technology faster than we could have expected. Without a doubt open innovation was the best way for us to discover people working in this area with whom we can collaborate to commercialize this cutting-edge technology."

Green solutions are a growing segment of NineSigma's work and the Company is seeing quality responses submitted to RFPs from around the world. Industry-leading companies, university spin-offs, government labs and individual innovators are all being tapped to find best-in-class innovation that meets the critical needs of NineSigma's diverse client base.

"Companies that want to bring green solutions to market fastest have the best possibility of doing that with open innovation," said Paul Stiros, CEO of NineSigma. "Based on today's expansive manufacturing, building and technology eco-friendly imperatives, no other corporate effort deserves more attention than green R&D. Companies are looking toward green R&D to conserve energy and natural resources, and NineSigma finds the providers who can solve these real business issues for top global brands."

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.

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