Canada's London Hydro Selects Excelergy's Collaboration Software; IBM Canada recommends Excelergy based on previous successful implementations.

Business/Technology Editors and Energy Writers

LONDON, Ontario & LEXINGTON, Mass.--(BUSINESS WIRE)--June 14, 2001

Excelergy Corporation, provider of the world's most advanced software products and technologies for managing inter-company collaboration in restructuring markets, has signed an agreement to provide London Hydro Inc. of Ontario, Canada with the Excelergy eXACT for Retail Markets(TM) software product. London Hydro provides electricity to more than 130,000 customers in the province of Ontario.

"We searched for a high performance, low-risk system to manage our most critical trading partner relationships and accelerate our market growth," said John Stephenson, chief financial officer of London Hydro. "We chose Excelergy's software because it's a proven product which IBM has helped implement rapidly and very successfully with other utilities. It saves us the time, cost and risk of using an unproven product or having to build our own."

Excelergy eXACT for Retail Markets will manage London Hydro's collaboration with the growing number of businesses preparing to operate in the restructuring Ontario market, scheduled to open to competition in 2002. Serving as the company's primary gateway for data transactions, the XML-based product will translate, validate and securely transmit and receive customer and business data between London Hydro and its trading partners. It will minimize data errors and inefficiencies and provide detailed audit trails of all transactions to insure verification and transaction integrity.

"London Hydro needed a high performance software product to manage its intermediary relationships and the shared business processes that define those relationships," said Bill Mahoney, Excelergy's president and chief executive officer. "The tried-and-true object-based technology behind Excelergy's products gives clients like London Hydro the speed and efficiency they need to lower overall costs and increase their revenues and cash flow."

About London Hydro Inc.

London Hydro Inc. is a for-profit power distribution company, providing electrical connection services to the more than 130,000 residents of London, Ontario. The company is owned by the city of London. More information is available at www.londonhydro.com.

About Excelergy

Excelergy delivers the world's most advanced software products and technologies for inter-company collaboration between businesses operating in restructuring markets, such as the global energy and utility industry. Excelergy's unique suite of object-based, XML-enabled products includes Excelergy eXACT for automating collaboration among businesses and Excelergy Advanced Business Package for managing complex business units producing multiple revenue streams. Excelergy's North American headquarters are located in Lexington, MA, with its European headquarters located in Bristol, England. More information is available at www.excelergy.com.