Excelergy Trader BackOffice Gains Ground in Wholesale Energy Software Market, says AMR Research.Business/Technology Editors LEXINGTON, Mass.--(BUSINESS WIRE)--Aug. 1, 2002 Award-winning back office software platform now being used to settle 15% of all wholesale power transactions in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Excelergy Trader BackOffice(TM), a highly scalable software platform that automates the scheduling, settlement and collaborative communications necessary to facilitate trading in real-time physical energy markets, is "gaining ground in the market with a recent win at a major integrated utility company," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent article by Jill Feblowitz published in AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research's July 30 Alert on Energy. "Excelergy was able to demonstrate comparatively quicker processing time using only a single instance of the (Trader BackOffice) application across various jurisdictions," noted Feblowitz. With American Electric Power American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States. (AEP AEP - Application Environment Profile ) and other top energy traders and generators among Excelergy's growing community of clients, Excelergy Trader BackOffice will now be used to settle 15 percent of all wholesale power transactions in North America. AEP, the United States' leading power trader and generator, is currently using all components of Excelergy Trader BackOffice to manage the company's back-office scheduling and settlement processes in multiple wholesale power markets. AEP also is using Trader BackOffice's embedded collaboration engine to interface with major independent system operators (ISOs) and regional transmission organizations  This August 2006 is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. (RTOs) around the nation. In 2001, AEP reported $568 million in profits from power sales of 614 million megawatt hours. "Leading global energy companies are demonstrating that you can increase revenues, reduce costs and maximize profitability by making your back office operations run more efficiently and productively," said Bill Mahoney Bill Mahoney (born June 23, 1936 in Peterborough, Ontario) is a former Canadian ice hockey coach. He was head coach of the Minnesota North Stars from 1983 to 1985. External links
In other recent industry recognition, Excelergy Trader BackOffice was distinguished with Power & Gas Marketing's "Premium Product Award." The award announcement and accompanying product feature article appear in the magazine's May/June 2002 issue. Print and electronic copies of the feature article and product brochure are available through Excelergy's Kellee McGolpin at +1.781.372.5133 or info@excelergy.com. About Excelergy Trader BackOffice(TM) Excelergy Trader BackOffice's automation of physical scheduling, settlement and communications processes eliminates mistakes and inefficiencies associated with manual spreadsheet-based management of even the most complex trading deals. It minimizes missed scheduling opportunities and under- or over-scheduling errors, reduces settlement disputes, speeds dispute resolution and settlement, and ensures efficient communications with market operators and market partners. Excelergy's open, object-oriented, native XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. technology platform allows easy integration with in-house or third-party trading, risk or accounting systems. About Excelergy Excelergy is a world leader in high performance software platforms that automate six mission-critical business processes--forecasting, trading, scheduling, billing, settlement and customer/partner acquisition and care--in the energy/utility industry and other restructuring markets. Excelergy's highly flexible, scalable software platforms are based on an open, object-based, Web-based, native XML technology architecture. Winner of both the Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: 100 and UPSIDE Hot 100 awards for the world's top private companies, Excelergy has its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters in Lexington, Massachusetts Lexington is a town in Middlesex County, Massachusetts, United States. The population was 30,355 at the 2000 census. The town is famous for being the site of the opening shots of the Battles of Lexington and Concord, the first engagement of the American Revolution. , its European headquarters in London, England and its Asia-Pacific operations in Melbourne, Australia. More information is available at www.excelergy.com. |
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