AdaptiveTrade, Inc. and Energy Softworx, Inc. Form Strategic Alliance to Deliver Enterprise Optimization and Decision Support Solutions to the Energy Industry.Business Editors/Technology Writers GAITHERSBURG, Md.--(BUSINESS WIRE)--July 25, 2001 AdaptiveTrade, Inc., pioneers of Adaptive Portfolio Optimization(TM) solutions, and Energy Softworx, a leading provider of fuels-management software solutions for the Energy Industry announced today a strategic alliance to develop and deliver high value optimization/decision support software solutions in the areas of fuel procurement, fuel/energy trading, emissions management, energy distribution, and power dispatch/generation. Initially, the two companies will work together to integrate the AdaptiveTrade optimization technology into Energy Softworx's Fuel Procurement Optimization ("FPO (For Position Only) A low-resolution image used to mark the placement of the final image. During the draft stages of a publication, FPOs are often used instead of the high-resolution images, which take up a significant amount of storage. ") software solution. The FPO product provides fuel consumers with a powerful tool for making fuel-buying decisions. Several of the largest power generators in the US are currently using Energy Softworx's FPO product to lower their overall fuel procurement costs. "This partnership not only enables us to offer our new and existing customers a solution that enhances our core FPO offering," says David W. Hardee, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Energy Softworx, "but it empowers us with an optimization architecture that has the flexibility and scalability required to provide value to other areas of the enterprise. Karl Salnoske, AdaptiveTrade's President and CEO went on to add, "The industry expertise, robust energy software solutions, and established trusted customer relationships that Energy Softworx has spent years developing make them a great partner for AdaptiveTrade. Both companies are certain that this partnership will lead to increased functionality and value for our mutual customers." About AdaptiveTrade, Inc. AdaptiveTrade is the leading developer of software that helps companies make smarter trading and operational decisions in real-time using its Adaptive Portfolio Optimization (APO apo- 1 A prefix indicating a protein component in a conjugated molecule–eg, apoferritin, apolipoprotein, see there 2 Apolipoprotein, see there ) Technology. With this unique software, AdaptiveTrade has pioneered a new way for energy companies to conduct business. Using APO, businesses can fully consider enterprise-wide business factors as well as dynamic market conditions to arrive at the optimal trading and operational decisions. For more information, visit http://www.adaptivetrade.com, or call (240) 632-9770, extension 122. About Energy Softworx Energy Softworx provides software solutions for organizations involved in the consumption, sales, and transportation of fuel (i.e., coal, oil, pet coke, natural gas). The company, established in 1992, has licensed products to 24 leading energy providers including Progress Energy (NYSE NYSE See: New York Stock Exchange :PGN PGN Portable Game Notation (chess) PGN Procuraduria General de la Nación (Spanish) PGN Philadelphia Gay News PGN Parameter Group Number PGN Phi Gamma Nu (business fraternity) ), XCEL Energy (NYSE:XEL XEL New Carlisle, Quebec, Canada - New Carlisle / via Rail Service (Airport Code) ), FirstEnergy (NYSE:FE), Mirant Corporation (NYSE:MIR) and Exelon Corporation (NYSE:EXC EXC Exception EXC Excellent Condition EXC Excellency EXC Enduro Cross Country (motorcycle racing/riding style) EXC Electronic Cross Connect (Nortel) EXC Exchange Component EXC Exclusion Dictionary ). Energy Softworx products and services are delivered in Latin America by Intertek Software Solutions (ISS ISS See Institutional Shareholder Services (ISS). ), a leading integrator of energy transaction management solutions in Latin America and by FSD FSD Female Sexual Dysfunction FSD File System Driver FSD Family Support Division FSD Fire Services Department (Hong Kong) FSD Full Scale Development FSD Full Scale Deflection FSD Federal Systems Division International http://www.fsd.co.uk, a leading provider of energy/fuel trading and risk management software in the UK and Europe. For more visit http://www.energysoftworx.com or call (813) 814-2550. |
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