Redwood Shores, CA. (01/10/2004) - MetricStream, Inc., a market leader in the enterprise-wide quality and compliance market today announced that Fairchild Semiconductor, the leading global supplier of high performance semiconductors that optimize system power, has selected MetricStream's Quality*Stream solution for their next-generation quality management system.

MetricStream's Quality*Stream solution will replace various internally-developed quality management systems across Fairchild's corporate offices and manufacturing sites worldwide. Quality*Stream will enable Fairchild to share Quality and Reliability (Q&R) information and key metrics to employees across their enterprise system. MetricStream's quality management solution supports Fairchild's closed-loop quality initiative - a systematic approach to tracking and gathering Q&R information, analyzing the data and implementing and tracking actions. Fairchild will roll out several Quality*Stream modules over the next year.

"Fairchild selected MetricStream software as the foundation for our closed-loop quality initiatives to streamline and consolidate our Q&R process," said Mark Rioux, Fairchild's director of worldwide quality & reliability. "We anticipate that MetricStream's product will provide us a functionally rich, superior solution across all sites, divisions and regions of Fairchild Semiconductor."

"We are very excited that Fairchild Semiconductor selected MetricStream to manage their product quality and reliability processes in their design, fab and assembly operations," said Shellye Archambeau, CEO of MetricStream. "With this selection, MetricStream continues to be the vendor of choice for leading companies looking to deploy enterprise-class systems to manage internal quality initiatives."

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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