Textron Fastening Systems Selects NexPrise to Automate Its Quote Management Process Streamlining Costing and Quote Management by Automating These Processes to Shorten Cycle Time, Improve Efficiencies and Cut Costs CARLSBAD, Calif., Nov. 2 /PRNewswire-FirstCall/ -- NexPrise, Inc. (OTC:NXPS.OB) (BULLETIN BOARD: NXPS.OB) today announced that Textron Fastening Systems (TFS), a business unit of Textron Inc. (NYSE:TXT), has engaged NexPrise to develop and deploy a Quote Manager Application as the foundation for streamlining and standardizing its customer response activities in North America. Next, the process will be implemented in Europe and Asia. During its period of rapid growth in the late 1990s, TFS acquired multiple fastening businesses with their own cost estimating and quote management processes. In some cases, this meant that completing RFQs required augmenting systematic efforts with manual quote processing and coordination. By leveraging NexPrise's Web-based application, TFS will automate, streamline and migrate its multiple quote processes and infrastructure to one standard. This will facilitate closer collaboration between its production facilities and supply chain partners, saving significant time and effort in the RFQ process. Moving to one quote management standard facilitates TFS business strategy. TFS is the only globally organized provider of every major category of fastening technology and service. The company provides customized solutions for its global customers by integrating its full product offering with applications engineering, automation support services, and such supply chain management services as vendor managed inventory programs, plant provider programs, and global sourcing. Its customers include the world's leading companies in the aerospace, automotive, construction, electronics, and telecommunications industries. About Textron Fastening Systems Headquartered in Troy, Mich., Textron Fastening Systems is the leading provider of value-based fastening solutions, including engineered fastening systems, state-of-the-art assembly technology, and inventory management and application engineering services. With 10,000 employees worldwide, Textron Fastening Systems supplies value-added products, systems, and services to customers in more than 150 countries. About NexPrise NexPrise, Inc. markets solutions that can enable manufacturers to rapidly automate key business processes and produce a return on investment in less than 6 months. These solutions complement and expand on currently installed enterprise systems and allow for the ongoing process improvements companies require to meet their changing business demands. NexPrise, Inc. is headquartered in Carlsbad, California. For more information, please visit http://www.nexprise.com/. DATASOURCE: NexPrise, Inc. CONTACT: Jerry Natoli of NexPrise, +1-650-327-6850, ext. 204 Web site: http://www.nexprise.com/

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