NineSigma Elects John F. Cassidy of United Technology Corporation to Board of Directors

CLEVELAND, OH – July 5, 2005 – NineSigma, Inc., a Cleveland, Ohio-based innovation sourcing firm, announced today the election of Dr. John F. Cassidy Jr. to the Board of Directors. Dr. Cassidy recently retired from United Technologies Corporation (NYSE:UTX) where he served as Senior Vice President of Science and Technology.

In his role as Senior Vice President, Dr. Cassidy was responsible for the day-to-day operation of United Technologies’ central R&D facility. These responsibilities included directing the company’s global technology activities and establishing research collaborations with industrial organizations, universities, and government laboratories worldwide. United Technologies, a $36 billion company, provides a broad range of high technology products and support services to the building infrastructure and aerospace industries. Before joining United Technologies in 1989, Dr. Cassidy worked at General Electric’s Corporate R&D Laboratories and General Motors Research Laboratories. Dr. Cassidy earned a bachelors, masters, and doctoral degree in electrical engineering from Rensselaer Polytechnic Institute. He serves on the Visiting Committee on Advanced Technology for the National Institute of Standards and Technology and the Advisory Council to the Georgia Tech Research Institute. Dr. Cassidy is also a senior member of the Institute for Electrical and Electronics Engineers and the Society of Automotive Engineers.

“With industry in the early stages of adopting open innovation and NineSigma entering a period of rapid growth, John’s election to the Board of Directors brings valuable experience and insight to our organization” said Richard Schwarz, Chairman of NineSigma. Schwarz continued, “His leadership and extensive R&D experience will resonate with many of our customers and potential clients as they seek to apply our company’s proven capabilities to their own innovation operations.”

“My interest and experience in building research collaborations between different sectors of industry, universities, and government laboratories led me naturally to NineSigma,” says Dr. Cassidy. “NineSigma’s business model is uniquely positioned to help facilitate fruitful
collaboration between many players in the global research and development marketplace” added Dr. Cassidy. “The success of enterprises today relies on the ability to effectively embrace open innovation and NineSigma is an important enabler for that strategy.”

NineSigma facilitates open innovation strategies for Fortune 500 companies seeking to acquire technical innovations developed outside their organization. NineSigma’s clients span a variety of industries including automotive, biomedical, chemical, consumer products, electronics, food, materials, pharmaceutical, and telecommunications among others. Through its proprietary Managed Exchange (M:XTM) process, NineSigma matches technology seekers with unobvious or disruptive innovations that enable companies to drive top-line growth. For more information, visit www.ninesigma.com.