Monday February 12, 8:59 am Eastern Time
XMLSolutions Extends Lockheed Martin's E-Commerce Network
XMLSolutions Business Integration Platform(TM) Will Integrate Exostar(SM) Partners, 60,000 Vendors and Internal Legacy Environments
MCLEAN, Va., Feb. 12 /PRNewswire/ -- XMLSolutions Corporation, a worldwide
provider of software for conducting XML-based direct materials procurement,
today announced a key solution for trading partners and systems integration.
Lockheed Martin (NYSE: LMT - news) will install and implement XMLSolutions Business
Integration Platform(TM) to better handle e-business communications with
Boeing, Raytheon, British Aerospace, and other members of the Exostar(SM)
In addition, Lockheed Martin will deploy XMLSolutions' B2B software suite
to integrate legacy environments within its global operations, as well as
enable divisions to communicate with the Exostar Exchange.
Exostar is an
independent, global e-marketplace for the $400 billion aerospace and defense
``Our plan is to conduct 95 percent of our business electronically by the
end of the year,'' said William Bryant, Lockheed Martin's Director of
Enterprise Business Solutions.
``This ambitious objective includes up to
60,000 of Exostar's and Lockheed Martin's trading partners, 80 percent of whom
do not currently support traditional EDI.
These enhancements will increase
the efficiency of our purchasing function and direct materials procurement
while we significantly lower operating costs.''
Lockheed Martin anticipates using XMLSolutions Business Integration
Platform to reduce procurement transaction fees (industry estimates report
improvements between $75.00 to $150.00 to just $5.00 per document).
aerospace leader is using XMLSolutions Business Integration Platform to
convert from a legacy, EDI and file-based system to an XML document-based
Lockheed Martin will integrate its buy side, sell side, and
financial services information, and will identify emerging opportunities for
future applications of this technology.
``By addressing integration and interoperability issues head on, Lockheed
Martin is building a trading system that will speed them to targeted results,''
said Ron Shelby, CEO of XMLSolutions.
``Our Business Integration Platform is
removing technology constraints from Lockheed Martin's B2B transactions,
increasing procurement efficiency and dramatically reducing costs.''
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin
(www.lockheedmartin.com) is a global enterprise principally engaged in the
research, design, development, manufacture and integration of advanced-
technology systems, products and services.
The Corporation's core businesses
are systems integration, space, aeronautics, and technology services.
Lockheed Martin had 2000 sales surpassing $25 billion.
XMLSolutions Corporation (www.xmls.com) enables the secure, real-time B2B
exchange of direct materials transactions over the Internet.
By eliminating a
company's EDI and XML dialect dependencies, XMLSolutions removes trade
barriers, enabling uniform transactions among customers, exchanges, and
trading partners of all sizes.
The XMLSolutions integrated solution includes
support for XML-to-XML transformations; EDI-to-XML translation; and over 3000
mission-critical, industry-specific EDI business documents.
XMLSolutions is headquartered in Northern Virginia's technology corridor
with offices in Atlanta; Charlotte; Chicago; New York; San Francisco;
Bangalore, India; Seoul, Korea; South Africa; The Netherlands; Denmark;
Austria; Sweden; Switzerland; Belgium; Germany; France; Italy; Spain; and the