ABB IN ALLIANCE TO DEVELOP NEW WEB SOLUTIONS FOR PULP AND PAPER CUSTOMERS

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ABB IN ALLIANCE TO DEVELOP NEW WEB SOLUTIONS FOR PULP AND PAPER CUSTOMERS
14 June 2000 - ABB Automation Technologies

ABB, the global technology group, today announced an alliance with PaperLoop.com, the on-line paper industry marketplace, to jointly develop a new kind of Web portal for the pulp and paper industry. ABB said the alliance is part of its strategy to develop new eBusiness solutions for enhanced customer value.

ABB said development with PaperLoop.com is aimed at creating a new category of Web portal that goes beyond conventional transaction-only or marketing-only sites to put technical information data bases online, offer consulting services via the Web, and provide industrial software that customers can download or use directly online.

"This is part of an aggressive strategy to rapidly develop our eBusiness capabilities, using eBusiness as a tool to deliver our technologies to our customers faster and more efficiently, while also creating new kinds of solutions and new channels to market," said Jörgen Centerman, Executive Vice President and head of ABB's Automation Segment.

ABB is the largest supplier of automation and electrical solutions to the pulp and paper industry. ABB is the first major supplier to the pulp and paper industry to take a stake in a third-party online marketplace. PaperLoop.com is the world's leading provider of information to the pulp and paper industry.

"We are excited about combining our resources and expertise with ABB to deliver the pulp and paper industry solutions and content focused on the operational, technical and strategic aspects of their businesses," said Tim Fazio, Chief Executive Officer of PaperLoop.com. "Such an alliance will add substantial new revenue streams to an already robust and diverse business model that includes content monetization and transaction fees."

Across its full range of businesses, ABB plans to offer 30 percent of its standard products over the Internet by the end of this year, and all of its standard products by the end of next year.

PaperLoop.com is a 50-50 joint venture between United News Media and Pegasus Capital, a prominent venture capital firm in the pulp & paper industry. PaperLoop.com provides paper manufacturers, converters, printers, suppliers, logistics providers, end-users, and the financial community that make up the industry's "paper loop" with a faster and more efficient way of doing business.

http://www.abb.com

About: ABB Automation Technologies
ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs around 105,000 people.
ABB has streamlined its divisional structure to focus on two core businesses: Power Technologies and Automation Technologies. The Oil, Gas and Petrochemicals division is slated for divestment.

ABB Power Technologies serves electric, gas and water utilities as well as industrial and commercial customers, with a broad range of products, systems and services for power transmission, distribution and automation.

ABB Automation Technologies blends a robust product and service portfolio with end-user expertise and global presence to deliver solutions for control, motion, protection, and plant integration across the full range of process and utility industries.

In addition to ABB's automation activities directed at the oil and gas industries, ABB Lummus Global continues to design and supply production facilities, refineries and petrochemical plants.

ABB's former Upstream business, divested in July 2004, is now part of Vetco International (www.vetco.com).

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