Partner Press Release
Schenker Selects CrimsonLogic to Automate Import/Export Procedures with First RosettaNet-based eCustoms Implementation in Singapore

For Release April 17, 2005

Singapore

Leading IT services provider CrimsonLogic today announced it has been selected by Schenker, an international Integrated Logistics Services Provider, to provide a cross-border permit declaration solution using the eCustoms standard. This implementation will be the first eCustoms solution based on RosettaNet, the industry’s leading eBusiness process standards consortium, to be rolled out in Singapore.

Schenker selected CrimsonLogic’s cross-border permit declaration solution for RosettaNet to enable the electronic transmission of large numbers of import and e xport declaration documents from Schenker’s clients directly to Customs agencies. Developed around RosettaNet, this cross-border permit declaration solution aims to improve the efficiency of import and export procedures through automation, using the eCustoms standard. This will enable Schenker to add value to its clients, creating a competitive edge, as well as improving Schenker’s own efficiencies.

Using the cross-border permit declaration solution, Schenker will be able to send and receive secure, RosettaNet-based trade permits in bulk, between Singapore and Malaysia, for a start. The system also links to shippers in Germany to enable data reuse for trade declarations, resulting in a faster and more simplified end-to-end customs clearance cycle.

"By allowing our trading partners in Germany to submit electronic trade declaration documentation in the specified RosettaNet format, the CrimsonLogic cross-border permit declaration solution has significantly cut down the time taken for us to submit a permit declaration to the Singapore and Malaysia customs from days to a matter of minutes," said Mr. Wolfgang Herrmann, CIO of Schenker Asia Pacific. V. Mathivanan, CEO of CrimsonLogic said, "This deal reinforces CrimsonLogic’s presence as a leading provider of Customs and trade facilitation solutions worldwide. It also demonstrates our ability to connect the international trading community with industry-recognised eBusiness standards such as RosettaNet."

To facilitate cross-border trade globally, CrimsonLogic has also embarked on a number of initiatives to integrate cross-border trade declaration with various countries such as Australia, Canada, China, Chinese Taipei, Hong Kong, Macau, Japan, Korea, Thailand, and United States. These cross-border initiatives will assist in simplifying the preparation and submission of customs clearance information to Customs, resulting in faster clearance of goods and hence a faster turnaround for the trading community.

About CrimsonLogic Pte Ltd

CrimsonLogic offers innovative and secure B2B, B2G and G2G solutions in key sectors such as trade and logistics, legal and healthcare. It enables businesses and governments to connect and collaborate seamlessly with their customers and partners, anytime, anywhere. As an Application Service Provider (ASP) with 17 years of experience, CrimsonLogic has set industry standards with world-first solutions such as TradeNet, eStamping, Electronic Filing System and CertOfOrigin, and continues to pioneer revolutionary solutions around the world. Beyond ASP services, CrimsonLogic provides systems integration, consulting and licensing of technology components. It also delivers trusted services in business intelligence, eLearning and security. Visit www.crimsonlogic.com for more information.

About Schenker

With annual sales of 6.9 billion euros, 38,000 employees and about 1,100 offices around the world, Schenker is one of the world's leading providers of integrated logistics services, offering land transport, air and seafreight as well as comprehensive logistics solutions and global supply chain management from a single source. Schenker is a Deutsche Bahn AG company.

About RosettaNet

RosettaNet is a non-profit consortium dedicated to the collaborative development and rapid deployment of open, Internet-based business standards that align processes within the global trading network. More than 500 multinational and regional companies in the computer and consumer electronics, electronic components, semiconductor manufacturing and telecommunications industries participate in RosettaNet’s strategic standards and services development. Fortune 1000 companies worldwide have implemented RosettaNet standards, conducting B2B operations that value billions in annual revenues.

RosettaNet is one of the industry's most ambitious standards implementation efforts, reaching the Americas, Asia and Europe. To date, the consortium has established several regional affiliate organizations — in the Americas, Austrailia, China, Europe, Japan, Korea, Malaysia, Philippines, Singapore and Taiwan — giving a voice to various business economies seeking to adopt and influence RosettaNet's global standards. Information on RosettaNet’s worldwide activities, including a complete list of member companies and participating organizations, is available at www.RosettaNet.org . RosettaNet is a subsidiary of the Uniform Code Council, Inc.® (UCC® ).