Partner Press Release
Nokia continues to drive the implementation of RosettaNet standards

For Release February 26, 2002

Helsinki, Finland --

Nokia today announced its commitment to continue driving RosettaNet standards. RosettaNet is a self-funded, non-profit consortium of major Information Technology, Electronic Components and Semiconductor Manufacturing companies that aims to create and implement industry-wide, open e-business standards. After joining RosettaNet in 2001, Nokia has started successful integration of RosettaNet’s interface processes into its business practices with a selection of business partners. RosettaNet is now fully embedded in Nokia’s supplier integration program.

"Open e-business processes and a common language are crucial to the evolution of an industry-wide trading network," said Jean-Francois Baril, senior vice president, Sourcing & Procurement, Nokia Mobile Phones. "In 2001, we concentrated on gaining experiences from RosettaNet with a selected number of business partners, ranging from component suppliers to customers and contract manufacturers. We are convinced that RosettaNet is the right choice for our business integration, and our target is to have 40% of Nokia's purchasing volume involved in RosettaNet interfaces already this year."

By enabling the automatization of numerous routine processes between the vendor and its supplier network, RosettaNet provides increased flexibility and cost-efficiency to the supplier chain. Currently, there are seven Partner Interfaces Processes™ (PIP®) in use between Nokia and its business partners. The Partner Interface Processes define business processes between supply-chain companies, hence playing an elementary role in the RosettaNet standard. System-to-system integration with business partners is executed in close cooperation between Nokia and its suppliers, and Nokia’s current processes cover collaborative forecasting, order management, transportation and distribution, and finance.

RosettaNet drives collaborative development and deployment of Internet-based business standards by creating a common language and open e-business processes that are vital to the evolution of a global, high technology trading network. Today, RosettaNet operates in collaboration with more than 450 companies. Nokia has a representative on the Executive Board of Rosettanet.

Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is one of the most broadly held companies in the world with listings on six major exchanges.