Fremont, Calif. - May 4, 2001 - Quippe Technologies, Inc., theProcurement Service Provider for the automation industry, todayannounced the appointment of Jim Polentz as Chief Financial Officer. Mr.Polentz previously served as Vice President/Chief Financial Officer forPaQFasT, LCC.
His strong strategic fundraising experience within thehigh technology industry will be a dynamic asset for Quippe.In this role, Mr. Polentz will be responsible for the vision, strategyand execution of Quippe Technologies' financial, planning and annualbudgeting efforts. His constant interaction with venture capitalists,investment bankers and individuals will not be an unfamiliar task. "We are delighted to add Jim to our executive team," said Ron Allen,Chairman and CEO of Quippe Technologies.
"With his strong background andtalent in both e-business and high tech, we believe he can make atremendous contribution to the success of Quippe Technologies' financialplans." Outstanding Milestone: Six Million Components to SearchWhile specializing in the Automation and Equipment industry, Quippe hasdesigned the taxonomy for efficient parametric searches. Quippe offersan enormous database of 6 million components and specifications to itscustomers. In comparison, other similar B2B companies have barelyreached a small portion of what Quippe has in its database. Inconjunction, most of the components come from clients' specificationsand requests.
Distinguishing themselves from other e-commerce companies,Quippe Technologies has a best-in-its-class taxonomy available to itscustomers, suppliers, buyers, and sellers. Henceforth, Quippe is a B2Bdesigned with the customers' interests in mind - a rare choice intoday's automation industry. About Quippe Technologies, Inc. Quippe Technologies, Inc., is a procurement service provider, offeringan Internet-based procurement platform (QuippEx) to industrialautomation and equipment builders.
Quippe Technologies has agreementswith supply companies that offer products from over 1,000 equipmentcomponent manufacturers. QuippEx is now being used by Quippe'sequipment builder customers to purchase components on a daily basis.QuippEx creates significant value for customers by providing a suite ofsolutions that dramatically improves productivity by automating theprocurement process, reducing procurement and administrative expense andincreasing engineering focus and efficiency. For industrial equipmentbuilders, users and designers, Quippe offers multiple services tailoredto its vertical market including the ability to source and purchasespecific components from a database containing over 6 million componentssupported with design rules.
For more information on QuippeTechnologies, Inc., visit its web site at www.quippex.com .
For more information on Quippe Technologies, Inc., please contact:Etoi Allen Marketing Manager(888) 445-4010
