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Haas TCM to provide total chemical management services to united technologies corporation facilities

WEST CHESTER, PA, February 25, 2003—Haas TCM has signed a five-year contract with the United Technologies Corporation (NYSE: UTX) to provide chemical life-cycle management services to its facilities worldwide, starting in the United States. Under the terms of the agreement, Haas TCM will be responsible for managing the sourcing, procurement, and logistics of all chemicals used at UTC facilities, using its proprietary, chemicals-specific e-commerce platform, tcmIS™. In addition, Haas TCM will provide environmental, health, and safety (EH&S) compliance management assistance and will be responsible for the identification and implementation of process efficiency improvement initiatives.

This program represents a significant component of “UT 500”, UTC’s sweeping initiative to improve operating efficiencies and reduce costs across its enterprise. Previously, UTC’s six companies – Otis Elevator, Carrier, UTC Fuel Cells, Pratt & Whitney, Sikorsky Aircraft and Hamilton Sundstrand – performed these chemical-related activities individually.

“We realized that the real costs associated with chemicals used in our manufacturing processes go far beyond what we pay to purchase them,” said Brian Ross, UTC’s Commodity Manager for Chemicals and Environmental, Health and Safety. “We will now eliminate costs relating to inventory, procurement, inspection, delivery, hazardous waste and environmental reporting. Some of these costs are identifiable, but others are still hidden.”

Haas will use its process know how, combined with advanced information technology and logistics resources acquired through its recent merger with Radian, TCM to leverage the scale and diversity of UTC’s operations. “UTC makes an ideal customer for us,” says Thad Fortin, CEO of Haas TCM. “Our track record is most impressive where we’ve standardized best practices across large, multi-facility corporations.”

Headquartered in West Chester, PA, with over 250 employees, annual revenues of $100 million and operations on three continents, Haas TCM currently provides chemical lifecycle management services to customers in the automotive, aerospace, electronics, semiconductors, defense, metalworking, transportation and heavy manufacturing industries.

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