News Release
Sept. 13, 2000

DUKE ENERGY BUSINESSES TO ADOPT CEPHREN’S INTERNET-BASED TECHNOLOGY FOR CONSTRUCTION MANAGEMENT

CHARLOTTE, N.C. -- Duke Energy today announced that it will adopt ProjectNet, Cephren Inc.’s Internet-based project collaboration and information management service, to coordinate and manage the design-to-build process for its construction projects around the world.

Cephren ProjectNet will act as a virtual workplace for Duke Energy projects, allowing all project participants to conduct key aspects of the construction process online. Project management, engineering and construction, and contract management will be integrated and managed in real time. Benefits from using Cephren ProjectNet include reduced project administration costs, up to 25 percent in some cases, quicker time-to-market and significantly reduced project risk.

Project collaborators – including owners/developers, architects and engineers, contractors and suppliers – will be able to communicate plan and specification updates, send and receive requests for information, track job progress and issues and execute decisions from any location around the world – all on line – through a single, secure Web site.

Initially, four Duke Energy business units will use the Cephren technology: Duke Engineering & Services (DE&S), DukeSolutions, Duke/Fluor Daniel and Duke Energy North America. DE&S, for example, plans to apply Cephren ProjectNet to more than 75 projects over the coming months. Additional Duke Energy business units are expected to begin using the service in early 2001.

"DE&S is taking significant steps to leverage the Internet to deliver quality services to our global customers," said Ron Green, president of DE&S. "Our goal is to help our customers put their projects in service sooner. Cephren’s technology will help us accomplish that. This service gives us a powerful opportunity to work smarter, faster and more efficiently."

"In order to deliver highly complex, multi-million dollar projects on time and under budget, every member of a construction team needs to be on the same page – literally – no matter where they are in the world," said Rob Majteles, president and chief executive officer, Cephren Inc. "Our award-winning, fourth-generation service provides a complete end-to-end project management system that incorporates robust document management and all workflows associated with construction projects, from submittals to punch lists. We are delighted that Duke Energy has selected Cephren."

Cephren Inc., www.cephren.com, is a leading online workplace for the $3.6 trillion global construction industry. Cephren is helping the industry change the way it builds the world with its leading framework of Web-based collaboration and e-commerce services including Cephren ProjectNet®, Cephren's award-winning project collaboration and project management service; Cephren MarketNet™, Cephren's online marketplace for buyers and sellers of construction products and services; and Cephren PrintNet™, Cephren's online reprographics and print services marketplace. Supporting more than 12,000 registered users in over 750 projects worldwide valued at more than $55 billion, Cephren is the industry pioneer serving this market. Cephren is based in Palo Alto, Calif., with offices in New York, Grand Rapids, Mich., Munich, Vancouver, Hong Kong and London. Cephren also works through resellers and partners in other parts of Canada, Asia, Europe and Latin America.

Duke Energy, a diversified multinational energy company, creates value for customers and shareholders through an integrated network of energy assets and expertise. Duke Energy manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses

-- generating revenues of nearly $22 billion in 1999. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 100 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

Contact: Randy Wheeless
Phone: (704) 382-8379
24 Hour Phone: (704) 382-8333
Email: crwheele@duke-energy.com
Contact: Courtney Boller (Cephren)
Phone: (650) 565-7814
24 Hour Phone: (704) 382-8333
Email: media_relations@duke-energy.com