Mitsui & Co. (U.S.A.), Inc. To Offer Mitsui Logistics Exchange Services Powered By Descartes

Mitsui & Co. (U.S.A.), Inc. To Offer Mitsui Logistics Exchange Services Powered By Descartes

World-Leading International Trading House To Provide Descartes-Enabled Services To All Mitsui USA Divisions, Subsidiaries And their Customers WATERLOO, ONTARIO, March 6, 2001 — The Descartes Systems Group Inc., (NASDAQ:DSGX), (TSE:DSG), a leading provider of global Internet logistics solutions, announced today that Mitsui & Co. (U.S.A.), Inc. (Mitsui USA), a leading international trading house with total trade transactions of over US$7.7 billion (Fiscal Year 1999), has selected Descartes to build an Internet logistics infrastructure called “Mitsui Logistics Exchange” to support trade throughout the US and other markets. The Descartes technology will enable Mitsui USA to provide technology-based logistics and fulfillment services to all of its divisions, subsidiaries and customers. Mitsui USA is a wholly owned subsidiary of Mitsui & Co., Ltd. of Japan, which has been ranked as one of the world’s largest five corporations. Mitsui USA and its trade community also join the Descartes Global Logistics Network. As part of the agreement, American Tri-Net Express, Inc., a NVOCC (Non-Vessel Operating Common Carrier), and Intermodal Terminal Inc., A Freight Forwarding company, both Mitsui USA’s subsidiaries, will join Mitsui USA to form a close logistics network to provide Descartes-enabled logistics and fulfillment services to their customers. “Descartes provides an essential and integral platform for the Mitsui Logistics Exchange which supports our overall e-transformation, both within our organization and across our business community,” said Mr. Masaaki Iida, Senior Vice President at Mitsui USA. “The Descartes technology will enhance the value of the trade services we offer our customers with highly responsive logistics and fulfillment capabilities. It will also create greater efficiency across our trade community as we develop a more real-time, adaptive means of managing our business operations.” “Mitsui USA is part of a Top 5 world organization with incredible depth of services and reach across the global business community,” said Aivars Lode, Group President at Descartes. “The Descartes Global Logistics Network will strengthen those services by creating a highly integrated, responsive and adaptive logistics infrastructure for the Mitsui USA community.” Mitsui USA is a “sogo shosha” or trading house that provides import, export, offshore trading, domestic trading, market research, credit and risk management, financing and transportation and related logistics services to companies in the United States and other countries. Descartes’ DeliveryNet technology will connect MitsuiUSA’s divisions, subsidiaries and their trading partners to one technology-based network hosted by Descartes. The Descartes solution will enhance the efficiency and effectiveness of the Mitsui USA transportation and logistics services, providing visibility of logistics and fulfillment activities and other value-added services throughout the network. About Mitsui USA Mitsui USA, a leading international trading house with an extensive global network, is headquartered in New York City with 14 branch offices and over 100 consolidated subsidiaries and joint ventures across the U.S. The company's total trading transactions amounted to $7.7 billion for the fiscal year ended December 31, 1999. Mitsui USA prides itself for its net export (exports over imports) contribution of $2-3 billion annually to the U.S. trade balance. In the last five years, its parent company, Mitsui & Co., Ltd., has been ranked between 2nd and 5th of the “World’s Largest 500 Corporations” (Fortune). For more information about Mitsui USA, visitwww.mitsui.com. For more information about Intermodal Terminal Inc., visitwww.itilogistics.com. About Descartes Descartes is a leading provider of global Internet logistics solutions that facilitate B2B e-commerce. Descartes’ logistics network technology and network-based services enable companies to create high-speed, high-performance fulfillment networks called DeliveryNets. DeliveryNet solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services. DeliveryNet solutions leverage Descartes’ Internet-based Global Logistics Network, an open, worldwide network of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals, and transportation exchanges. The result is a global logistics community connected to Descartes’ technological infrastructure that provides cost savings and revenue opportunities for businesses that need to manage physical product movement. For more information about Descartes, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners.