Optek Technology Inc. Selects NexPrise to Streamline Quote Management

November 30, 2003 - Carlsbad, CA
NexPrise, Inc. (OTC BB: NXPS.OB), a leading source of business process management applications, today announced that Optek Technology, Inc., a supplier of fiber optics and sensing components for the automotive, industrial and medical markets, has chosen NexPrise to automate its cost estimation process. Optek is implementing the NexPrise Cost Estimation and Quote Manager application to gain visibility into its customer-quote pipeline, which will allow the company to direct resources toward promising sales opportunities and respond to customer requests more quickly.

Until now, Optek has relied on a manual quote management process, which lacked integration into engineering and production, and only allowed employees to view one quote at a time. With NexPrise, the entire process of generating a quote - from receipt of the request through the delivery of the quote back to the customer - is automated and tracked.

Until now, GKN's Meriden facility has had to rely on a paper-based process to manage its engineering change requests, making it difficult to maintain an audit trail and access documentation. Additionally, the division and GKN's U.S. headquarters in St. Louis have spent a significant time exchanging documents via mail because the two offices use different, incompatible document management systems.

Optek expects new insights and management capabilities gained through the NexPrise application to help the supplier:

• Prioritize business opportunities. By viewing all quotes at once, Optek can identify which current and potential customers represent the most significant new business opportunities and devote additional attention and resources to these bids.
• Improve customer RFQ responsiveness. Using NexPrise-generated status reports and notification options, Optek can help sales and engineering teams to keep the quote process on track and identify bottlenecks, so they can be resolved quickly.
• Better prepare for order fulfillment. With NexPrise forecasting capabilities, a sales manager, for example, will be able to alert engineering and production departments if there is a potential project requiring 10,000 pieces of equipment, facilitating timely delivery of products to customers.

"I believe a 'slow quote' is a 'no quote', and I see a significant opportunity to grow our business and increase profitability through faster response to our customers, better insight, elimination of inefficient processes, and the promotion of accountability among our staff," said Alan Bennett, Optek vice president of sales. "We have partnered with NexPrise because we know its applications can help us achieve these goals in a cost-effective manner. With Cost Estimation and Quote Manager, we'll have much greater control over our response to customer quotes and the ability to deliver them in a more timely manner."

In addition to competing more effectively for new projects, Optek expects the process visibility and efficiencies gained from NexPrise Cost Estimation and Quote Manager to significantly shorten the average turnaround time for a quote while increasing sales revenue.

Other benefits for Optek include:

• Improve quality and reliability of service to customers.
• Respond more accurately to customer quotes to win more profitable business.
• Increase operational efficiency throughout the estimating/quoting process.
• Maintain history of all quotes, which speeds creation of similar quotes for existing customers.
• Reduce administrative support for the quote process, allowing staff to be reassigned to more productive assignments.
• Capture comments from all members of the quote-request team, adding to the knowledge base about customer needs.

About NexPrise
NexPrise, Inc. is a leading provider of solutions for document management, program management, and process automation. It's customers include Lockheed Martin, Sikorsky, Textron, and GE Aerospace. NexPrise, Inc. is headquartered in Carlsbad, California. For more information, please visit www.NexPrise.com.

Safe Harbor Statement
This press release contains "forward-looking" statements about the products and services of NexPrise, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are denoted by such words as "which enables", "can enable", "allow" and similar terms and phrases. These types of statements address matters that are subject to risks and uncertainties, which could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, successful completion of the development process, risks and delays associated with the development process, unanticipated technological difficulties and resource constraints which may hinder development, customers' utilization of the NexPrise product, the extent of customers' existing inefficiencies and general applicability of the NexPrise product to the customer's needs. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including but not limited to our annual report on Form 10-K and 10-Q filings, available online at http://www.sec.gov. All forward-looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.