MEDIA RELEASE PR38849
Momentive Performance Materials Signs Five-Year Global Agreement with Odyssey
Logistics & Technology
DANBURY, Conn., Mar. 23 /PRNewswire-AsiaNet/ --
Global capability, cost transparency and a single technology
platform close deal
Odyssey Logistics & Technology Corporation (OL&T), announced today that
it has entered into a five-year logistics management outsourcing agreement
with Momentive Performance Materials Inc., a global leader in silicones and
advanced materials. OL&T is a global logistics and transportation service
provider for chemical and process industries.
OL&T will manage Momentive's inbound and outbound logistics including
warehousing and transportation in North America, Europe and Asia. Momentive's
SAP-based enterprise resource planning system will integrate with the Odyssey
Global Logistics Platform(SM) providing a single, integrated transportation
management system globally. This will enable Momentive to view transportation
activities -- regardless of mode or region -- through a single portal
provided by Odyssey. As a result, Momentive expects to improve logistics
performance while simultaneously reducing costs.
"We put Odyssey Logistics & Technology through a vigorous evaluation to
give us an in-depth understanding of its technology capabilities and
expertise in handling international challenges," said Momentive Global Supply
Chain Director Bill French. "OL&T gave us the confidence that they could
handle our business across the world, and so far they have delivered. Odyssey
is one part of a multi-prong strategy to automate and globalize our business
-
customers want better service and information, and Momentive will continue
to find ways to deliver their requests," French said.
OL&T offers its clients a transportation management solution that can be
deployed globally with a single platform while providing transparency to
actual supply chain costs.
"We are very pleased that Momentive has made the decision to entrust OL&T
with this global deployment, and we are well positioned to drive efficiency
and process improvements," said OL&T President and Chief Executive Officer
Bob Shellman.
Odyssey Logistics & Technology will provide Momentive with complete
transportation services including carrier selection and qualification,
contract negotiations, claims and non-conformance management and reporting,
as well as tendering and freight audit and payment services. Further, OL&T's
underlying patented technology infrastructure, the Odyssey Global Logistics
Platform(SM), will be seamlessly integrated into Momentive's SAP application.
About Momentive Performance Materials
Momentive is a global leader in silicones and advanced materials, with a
70-year heritage of being first to market with performance applications for
major industries that support and improve everyday life. The company delivers
science-based solutions, by linking custom technology platforms to
opportunities for customers. Momentive Performance Materials Inc. is
controlled by an affiliate of Apollo Management, L.P. Additional information
About OL&T
Odyssey Logistics & Technology (OL&T) and its subsidiaries deliver a
comprehensive portfolio of managed logistics and third-party services to the
global chemical and process manufacturing industries. The Odyssey Global
Logistics Platform(SM) is OL&T's technology infrastructure, and features a
patented proprietary net-native transportation management system that
supports the safe, reliable and efficient delivery of client products
throughout the world.
With more than 30 percent average annual revenue growth for the last five
years, OL&T moves products with more than $42 billion in value between
185,000 origins and destinations and 220 ports worldwide, servicing midsize
to large global chemical and process industry clients. For more information,
SOURCE: Odyssey Logistics & Technology Corporation
CONTACT: Francis Onofrio,
+1-203-393-1101, Ext. 169,
fonofrio@mason23.com
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