CAM Cameron International Corp.

ICG Commerce Enters Into Strategic Procurement Initiative With Cooper Cameron Corporation Demonstrated Ability to Deliver Measurable Savings and Process Improvements Helps Comprehensive Procurement Services Provider Add Another Industry Leader to Customer Base PHILADELPHIA, Nov. 22 /PRNewswire/ -- ICG Commerce, a leading procurement services provider, today announced that it has been engaged to provide procurement process management services and technology to Cooper Cameron Corporation (NYSE:CAM), a multi-billion dollar producer of oil and gas pressure control equipment. ICG Commerce will provide Cooper Cameron with comprehensive procurement services including strategic sourcing, savings implementation, purchase-to-pay processing and ongoing category management, across seventeen purchasing categories. Cooper Cameron will leverage ICG Commerce's integrated procurement infrastructure, which includes deep category sourcing experts; a best-practice-based Buying Center; and RealExchange(SM), a comprehensive technology platform for the purchasing of both goods and services. RealExchange will be integrated with Cooper Cameron's SAP system to help streamline the company's global procurement process, drive savings realization and provide better visibility of indirect expenditures. The initiative will involve all of Cooper Cameron's headquarters and divisional operations as well as the company's primary manufacturing locations in the United States, Canada and Europe. "As part of our company-wide focus on process management, which includes constant improvement in sourcing and manufacturing efficiency, we identified indirect procurement as a key opportunity area for cost reductions and process improvements," said Hunter Jones, Vice President Supply Chain Management and Six Sigma of Cooper Cameron. "Given the significant demands already placed on our existing procurement organization, we sought a partner to help us tackle this opportunity area and accelerate results. After examining a number of different players in the procurement arena, it became clear that ICG Commerce provides the greatest breadth of services and expertise to deliver against our savings target and drive continuous improvements over time." ICG Commerce is considered to be at the forefront of procurement service providers, helping companies realize procurement cost savings by going beyond strategic sourcing to deliver the implementation assistance needed to ensure savings hit the bottom-line. This support entails successfully enabling efficient buyer and supplier relationships by aligning and automating processes, training both parties on the appropriate operating procedures and executing an effective communication and change management program. To ensure these results are sustained and improved upon over time, the company also provides category management support that includes ongoing compliance measurement, supplier performance management and savings identification and execution. According to Aberdeen Group's vice president of Supply Chain Research Tim Minahan, "One of the major shifts we've seen in supply management has been the shift from savings identification to savings realization. To ensure savings capture, enterprises must have codified procedures and systems to communicate negotiated terms to all relevant stakeholders and to ensure optimal usage and compliance with supply agreements over time." "Cooper Cameron recognizes the importance of driving cost improvements directly to the bottom-line," said Edward H. West, chairman and CEO of ICG Commerce. "We look forward to partnering with Cooper Cameron's team to help the company achieve its procurement process improvement and cost savings objectives while maintaining focus on its core competencies." About ICG Commerce, Inc. ICG Commerce ( http://www.icgcommerce.com/ ) is a leading Procurement Services Provider exclusively focused on helping companies buy more effectively and efficiently in order to reduce costs significantly and continuously. The company offers an unmatched combination of process and category expertise and hosted technology to deliver Sourcing, Purchase-to-Pay Processing and Procurement Outsourcing Services. ICG Commerce Inc., a privately held company founded in 1992, is a member of Internet Capital Group's (NASDAQ:ICGE) network of partner companies and has been honored as a Forbes Best of the Web: B2B, UPSIDE Magazine Hot 100 and iSource 100 company as well as had its executives recognized among the iSource "Pros to Know". About Cooper Cameron Corporation Cooper Cameron Corporation (NYSE:CAM) is a leading international manufacturer of oil and gas pressure control equipment, including valves, wellheads, controls, chokes, blowout preventers and assembled systems for oil and gas drilling, production and transmission used in onshore, offshore and subsea applications, and provides oil and gas separation equipment. Cooper Cameron is also a leading manufacturer of centrifugal air compressors, integral and separable gas compressors and turbochargers. DATASOURCE: ICG Commerce CONTACT: Kristen Knouft of ICG Commerce, +1-484-690-5000, or ; or Brittany Morris of Ruder-Finn, +1-312-329-3983, or Web site: http://www.icgcommerce.com/

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