Sumitomo Corporation of America Chooses Triple Point Solution for Natural Gas Trading and Scheduling, Delivered Via ASP.WESTPORT, Conn. -- Adds to Prestigious List of Natural Gas Clients Signed since New Scheduling Product Introduction Nine Months Ago, Proving Triple Point as Premier Solution Triple Point Technology, Inc., the leading global supplier of cross-industry software platforms for the supply, trading, marketing, and movement of commodities, announced today that the Sumitomo Corporation Sumitomo Corporation (住友商事, Sumitomo Shōji) TYO: 8053 is a highly built worldwide trading company (Sogo shosha), and is a diversified corporation based in Tokyo, Japan. It is a member company of the Sumitomo Group. of America (SCOA SCOA Standard Chart Of Accounts SCOA Societe Commerciale de l'Ouest Africain (Paris, France) SCOA South Carolina Orthopaedic Association SCOA South Carolina Optometric Association SCOA Spinone Clubs of America ) has selected its solution for natural gas trading, risk management and scheduling, delivered via ASP. Seven prestigious clients have signed on since Triple Point introduced its Gas Scheduling 'Visual Cockpit'(TM) module to the market in June 2005, establishing Triple Point as the premier solution. SCOA, the largest subsidiary of the Sumitomo Corporation, one of Japan's major integrated trading and investment business enterprises, chose Triple Point's solution to support the evolution of its natural gas business. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. an integrated front- to- back-office solution that would handle scheduling, support real-time physical and financial trading, could be implemented quickly, and would scale as we continue to grow," said Brian Mock, president, Pacific Summit Energy LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , formed by SCOA to expand their presence in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. energy industry. "We believe that Triple Point's ASP solution gives us the complete package all at once, providing very fast time-to-market." "It's been satisfying to see how many of the major players in natural gas trading have adopted our solution in the last nine months. Clients are finding that it's the only solution that can handle the complexities of natural gas trading and scheduling and is completely scalable to meet their high transaction requirements," said Peter F. Armstrong, president 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. . "Commodity XL for Gas(TM) and 'Visual Cockpit' are proven, world-class solutions, designed using the best practices of global leaders in gas trading and scheduling." Gas Scheduling 'Visual Cockpit' was announced in June of 2005 and integrates seamlessly with Commodity XL for Gas, providing a central, single screen control point that graphically displays all the information required for complex scheduling. It solves the unique scheduling challenges caused by a convoluted convoluted /con·vo·lut·ed/ (kon?vo-lldbomact´ed) rolled together or coiled. interstate pipeline system, intricate FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability regulations, and complexities such as capacity management, storage management, imbalances, book-outs, lending, and parking. About Triple Point Technology Inc. Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities, including power, oil, gas, coal, metals, agricultural products, and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a real-time next-generation platform. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993, and headquartered in Westport, Connecticut Westport is a coastal town in Fairfield County, Connecticut, in the United States. The 2004 population estimate was 26,644. The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. , USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com. |
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