CombineNet Software Selected By Raytheon For Advanced Resource Allocation System

Deal Includes Purchase of ClearBox License and Consulting Services

PITTSBURGH, PA—June 11, 2001

CombineNet, Inc. today announced that it was selected by Raytheon to provide software for a next-generation satellite mission management system. The relationship includes a research license for ClearBox™ and expert consulting services. ClearBox, CombineNet's flagship software product, is a highly advanced back-end allocation optimization system now available for strategic sourcing, resource allocation and sell-side commerce.

ClearBox was selected because Raytheon was looking for a high-end system capable of optimally allocating satellite sensors to government user needs. Key attributes of the software chosen by Raytheon include:

• Performance speed and ability to solve complex allocation problems
• Robust management control system
• Ease of integration and development
• Combinatorial auction optimization expertise

Sean Devine, VP Products & Services at CombineNet commented on the deal by saying, We are delighted to be working with a technology pioneer such as Raytheon on this advanced allocation management system.

We believe our straight-forward development language, extensive feature set and development expertise are ideal for this effort."

The patented Clearbox optimization technology is applicable across many everyday business activities, from transportation services allocation to contract allocation for strategic sourcing. The CombineNet R&D team that built ClearBox has more than thirty cumulative years of research in the fields of electronic commerce, market design, automated negotiation and contracting, game theory, auctions, and combinatorial optimization. CombineNet is a Pittsburgh-based company with regional offices in California.

Media Contacts:

Greg Holt
CombineNet Inc.
Director of Marketing
Phone: 412.471.8200
gholt@combinenet.com