Eastman Selects ClearForest to Turn Unstructured Data into a Competitive Advantage

Eastman joins growing roster of ClearForest chemical industry customers

New York, NY-(October 23, 2002)- ClearForest, a leader in transforming unstructured content into valuable business intelligence, today announced that Eastman Chemical Company (NYSE:EMN), has selected ClearResearch from ClearForest to quickly analyze critical intellectual property and competitive information from multiple sources, enabling Eastman to streamline its business decision processes and optimize its licensing opportunities.

Eastman manufactures and markets over 1,200 chemicals, fibers and plastics products worldwide. To develop and bring its wide array of products to market, Eastman's researchers and marketers must regularly analyze multiple news feeds and vast repositories of intellectual property data from across the enterprise. Eastman needed a robust solution that could automate this laborious and time-intensive process, and enable them to quickly synthesize conclusions and act on critical data.

"After studying the options for managing our unstructured data, we selected ClearForest because their ClearResearch and Clear Lab tools provide the most comprehensive approach to gaining insight into unstructured information," said Bill Phillips, Director of Technology Services for Eastman. "By taking advantage of the ClearForest solutions, Eastman will be able to quickly extract critical information from multiple news feeds and other sources, translating it into significant time and cost savings."

ClearResearch operates across multiple industries to intelligently tag, analyze and deliver useful business intelligence from large document collections. ClearForest's hybrid intelligent tagging platform reads content from any source, and through semantic, statistical, and structural analysis, identifies concepts, facts and events. This creates an enhanced content base for users to readily analyze and act upon, using a variety of highly visual and interactive techniques.

"At ClearForest, we aim to provide research intensive organizations, like Eastman, with a leading edge solution to make informed, strategic business decisions. Eastman's selection of ClearForest demonstrates that we have met that goal," said Barak Pridor, CEO of ClearForest Corp.

About Eastman Chemical Company
Eastman Chemical Company, headquartered in Kingsport, Tennessee, U.S.A., manufactures and markets plastics, chemicals and fibers worldwide. The company employs approximately 15,800 people in more than 30 countries and had 2001 sales of US $5.4 billion. Visit Eastman's Web site at www.eastman.com for more information about the company.

About ClearForest
ClearForest is the leading provider of next generation unstructured data management (UDM) software products. ClearForest enables research-intensive organizations and their content providers to make educated decisions and accelerate time-to-market, by enhancing the value of internal and external unstructured information. Results are delivered in a highly visual, interactive and actionable form. ClearForest is used at Global 2000 firms for a wide variety of meta-tagging and UDM business intelligence applications. Customers include Dow Chemical, Eastman Kodak, Rohm and Haas, Thomson Financial, and Ford Motor Company. ClearForest is headquartered in New York with R&D facilities in Israel and sales offices in Washington DC. For more information on ClearForest, please visit http://www.clearforest.com, email info@clearforest.com or call 212-432-1515.

Media Contacts:
ClearForest Corporation Contact:
Omer Malchin
ClearForest Corp.
415-970-5204
omer@clearforest.com