Over 3O Percent of Korea's Research and Development Spending Now Available for Licensing On yet2.com.

Business/Technology Editors

Four New Korean Companies Join the World's Premier Technology Exchange

to Offer Technology and Intellectual Property

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 19, 2000

yet2.com, the first global marketplace for the exchange of intellectual property on the Internet, announced today that Hyundai Heavy Industries, LG-Elite, Samsung Electronics and SK Corporation have joined yet2.com's online exchange as Founding Sponsors. For the first time, these companies have made their multi-billion dollar portfolios available for licensing exclusively on the yet2.com site. Collectively, the companies joining yet2.com's international marketplace represent more than 30 percent of Korea's spending on research and development.

"We spend over $1.6 billion annually on research and development, and we have been searching for the safest, most effective outlet that would allow us to capitalize on our underutilized intellectual assets," said Dong-Geun Lee, manager of the Intellectual Property Group at Samsung. "yet2.com provides us with the platform necessary to license our technology know-how while enabling our engineers to search for R&D technologies that will help our company continue to grow."

Together, yet2.com's Founding Sponsors represent approximately 15 percent of the world's R&D annual spending making the site the largest source of intellectual property. yet2.com is the only cross-industry global marketplace that helps intellectual property and R&D professionals make non-intuitive connections by matching buyers and sellers from different industries.

"The Internet is drastically changing the way corporations license intellectual property," said S.T. Yun, general manager of Information Technology Division of Hyundai Heavy Industries. "We wanted to be a part of this trend and decided to join the largest online trading floor for intellectual assets. yet2.com will enable us to extract additional value from our innovative technologies as part of our ongoing new business efforts."

Organizations can now efficiently market their technologies to realize hundreds of millions of dollars in revenues through out-licensing. Individual scientists, inventors and licensing professionals can more easily market their technologies to buyers worldwide and also tap into R&D resources at leading technology companies. yet2.com enables companies of all sizes and individuals to shorten the technology transfer process and increase R&D efficiencies.

"Hyundai Heavy Industries, LG-Elite, Samsung Electronics and SK Corporation join our international who's who of companies that have agreed to post their technologies exclusively on our site," said Chris De Bleser, CEO of yet2.com. "Companies of all sizes around the world are turning to us to help increase shareholder value by creating a convenient and effective environment to extract value from their intellectual assets."

Other leading technology companies that have joined yet2.com's marketplace include 3M, Agfa-Gevaert Group, Arthur D. Little, Asahi Glass Company, BASF, Battelle, Bayer, The Boeing Company, Bosch, British Telecommunications, Ciba Specialty Chemicals, Denso Corporation, Dow Chemical, DuPont, EPRI, Ford Global Technologies, Fuji Photo Film Company, Honeywell, Kansai Research Institute, Kao Corporation, Mitsubishi Chemical Corporation, Mitsubishi Heavy Industries, Mitsui Chemicals, Monsanto, NEC Corporation, Nippon Steel Corporation, NTT Advanced Technology Corporation, Osaka Gas, Royal Philips Electronics, Pitney Bowes, Polaroid Corporation, Porsche, Procter & Gamble, Rockwell, SAIC, Sandia National Laboratories, Shell Global Solutions, Siemens, Sumitomo Chemical, Sumitomo Electric Industries, Takeda Chemical Industries, Toray Industries, Toshiba Corporation, Toyoda Automatic Loom Works, Toyota Motor Corporation, TRW and the University of Michigan.

About yet2.com

yet2.com is the first cross-industry global marketplace for the exchange of technology on the Internet. The company has enlisted a growing core of leading corporations and government agencies to pledge technology assets from every field of research. yet2.com is creating the most efficient method of streamlining research and development and extracting value from intellectual assets. With its headquarters in Cambridge, Massachusetts, USA, yet2.com has offices in Europe and Asia. For more information, visit www.yet2.com.