February 7, 2008, Needham, MA — Yet2.com, global premier provider of intellectual property scouting and licensing services, disclosed today that during Fourth Quarter 2007, it completed a record number of technology licensing transactions involving ten Fortune 500 companies on 3 continents.

The separate deals included the following companies: Bayer, Crown Holdings, DSM, Honeywell, Kimberly-Clark, Philips, Siemens, and Sumitomo Chemical. The deals covered a wide range of technologies from food additives to electronics and were either spin outs or acquisitions.

“This was a truly spectacular quarter,” said Ben duPont, president of yet2.com. “Our business keeps expanding as more companies spin out underutilized technology or begin scouting for new technologies to improve their existing products and solutions. Today most of the Fortune 500 is engaged in technology transaction discussions through yet2.com. Cumulatively these deals represent tens of millions of value to our clients and millions of dollars in royalties and equity to yet2.com,” said duPont.

Wide network and variety of deals

yet2.com is a technology scout, intellectual property marketer, and deal facilitator on behalf of its clients. It locates and markets technologies through its network of senior-level contacts as well as through the approximately +120,000 members of its yet2.com online marketplace. “The online community is unusually active,” says Ben duPont. “It is self-selected and includes a surprising number of senior-level people in many of the world’s leading organizations. In addition to our fact-to-face network of connections, yet2.com can reach out online to drive transactions for our clients. While anyone can buy an email list, closing transactions with ten Fortune 500 companies in a single quarter shows the value of the robust community — online and offline — that we have built.”

Philips is a global company with a focus on healthcare, consumer lifestyle, and lighting, with businesses ranging through consumer electronics, domestic appliances, solid state lighting, and medical systems, supported by a strong design and research organization. Ruud Peters, CEO of Philips Intellectual Property & Standards said: “We just closed an important transaction and are looking forward to a continued and productive relationship with yet2.com.”

Honeywell International is a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Honeywell’s entire estate of intellectual property is managed by its Honeywell Intellectual Property International (HIPI) Division. “We are pleased to have recently closed a significant transfer transaction through yet2.com,” said Loria Yeadon, VP & GM, HIPI Division, Honeywell.

DSM Venturing is an active investor in companies and venture capital funds in European companies supporting DSM’s strategic growth fields of nutrition, pharma, and performance materials. In November 2007, yet2.com facilitated DSM’s investment in Ganeden Biotech, a consumer healthcare company with a successful line of probiotics. Both companies are yet2.com clients. Rob van Leen, DSM’s Chief Innovation Officer, said, “We are very happy with the quality of the deal flow that yet2.com is bringing us.” Other activities are in the works at yet2.com on behalf of the health-focused European organization and of Ganeden.

yet2.com and Open Innovation

yet2.com is a strong driver of many corporate Open Innovation initiatives. Under Open Innovation, companies scout for and acquire technologies from outside the corporation to drive new growth. A company can also out-license technologies they may have developed, but which are under-utilized because they currently don’t fit the organization’s plans. In both cases, an Open Innovation company enhances the bottom line: either by saving on development costs or by commercializing technologies that otherwise produce less income. yet2.com is ideally positioned to help companies determine the types of technologies they need, what best can be licensed to other organizations, to search for and discover the right technologies, and to help structure and conclude the deals.

“Over the years, yet2.com has developed a solid understanding of the technology transfer process,” said Phil Stern, CEO of yet2.com. “We have become expert at identifying and encouraging deal discussions that are more likely to lead to a transaction — and we’ve learned to recognize and discontinue discussions early-on that are not likely to bear fruit, so that none of the parties wastes its time.”

About yet2.com

yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. Yet2.com Inc and its online marketplace were founded in 1999 to promote technology licensing and transfer, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 120,000 registered marketplace users including many of the Fortune 500 and over 11,000 SMEs. In addition to its core team, yet2.com has created a wide network of technology transfer partners covering many of the technology-rich countries around the world as well as relationships with technology transfer organizations, technical expert networks, SME networks, technical magazines, online technical communities, and technology brokers. These provide market-wide access to technologies and needs in countries such as Russia, China, India, Korea, Brazil, South Africa, Japan, the US, and Europe. For more information, visit www.yet2.com, or contact Tim Bernstein 1-781-972-0600.

Contact:
yet2.com
Tim Bernstein     +1-781-972-0600