Pessel joins NineSigma, Inc. as Senior Vice President and Chief Information Officer

    CLEVELAND, Nov. 13 /PRNewswire/ -- NineSigma, Inc. announced today that
 David Pessel, an executive with more than 20 years of experience in the field
 of information technology, has been named Senior Vice President and Chief
 Information Officer, effective immediately.  Pessel will work to expand
 NineSigma's systems and software, including Managed Exchange, an Internet-
 based service that matches buyers and suppliers of science and technology,
 based on a custom solicitation.  Pessel will also oversee strategic client
 interaction.
     Most recently Pessel was Vice President and Chief Information Officer at
 Invacare Corporation.  Previously he was Director, Strategic Technology and
 Applications for FedEx Corporation, and Director, Information Technology at
 BP.  Pessel, who was on the faculty of the University of Rochester and the
 University of California (UC)-Berkeley, holds a master's and doctorate degree
 in electrical engineering and computer sciences from UC-Berkeley.  He also has
 a bachelor's degree in system engineering from Polytechnic University.
     NineSigma services enable companies to locate external technical solutions
 and resources more quickly, efficiently and inexpensively than previously
 achievable through conventional outsourcing means.  NineSigma's Ph.D.-level
 program managers utilize proprietary search tools and databases to identify
 global science and technology knowledge sources through the Internet.  The
 NineSigma process provides clients with a broader array of innovative
 technical solutions than a company would customarily be able to access through
 either internal or external research and development (R&D) processes, thus
 enabling a company to both obtain a more expansive array of potential
 solutions and accelerate time-to-market.
     NineSigma's management team, directors and advisors include R&D leaders
 from industry, government and academia. The company's Founder and Chairman,
 Mehran Mehregany, is the Goodrich Professor of Engineering Innovation at Case
 Western Reserve University, Founder of Advanced MicroMachines, Inc., and
 Founder and Chairman of FiberLead, Inc.
     NineSigma, which was founded in August 2000, was selected "Most Promising
 New Company" in the 2000 Cleveland Area Knowledge Industry (CAKI) awards
 competition, sponsored by the North East Ohio Software Association.  For more
 information on NineSigma, go to www.ninesigma.com .
 
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SOURCE NineSigma, Inc.

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