TradeWave honored twice by industry groups.AUSTIN, Texas--(BUSINESS WIRE)--Sept. 17, 1996--TradeWave Corporation, a subsidiary of SunRiver Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SRVC srvc service SRVC San Ramon Valley Campus (Diablo Valley Community College, California) SRVC Society for Rehabilitation of the Visually Challenged (India) ), received two Internet industry awards this past week for its security solutions. TradeWave received an Internet & Electronic Commerce Award for Internet Infrastructure at the Gartner Group Fall iEC Conference and Exhibition. Additionally, TradeWave received an Internet and Intranet Commerce "Best of Class--Energy and Utilities" Award at the IDG IDG International Data Group IDG Integrated Drive Generator IDG Installation Design Guide IDG Internet Discussion Group IDG Inset Dielectric Guide IDG International Dangerous Goods (mail, shipping) Internet Commerce EXPO (ICE) Conference and Exhibition. The iEC Awards were judged by Gartner analysts and Information Week editors, and ICE Awards were judged by Computerworld magazine and International Data Group (IDG). These awards seek to encourage expanded business activities through the Internet and corporate intranet solutions. TradeWave was recognized as a winner for its creation of a secure electronic market on the Internet for wholesale sellers and purchasers of electricity who need current information on transmission availability and prices. The system, known as Open Access Same-Time Information System The Open Access Same-Time Information System (OASIS), is an Internet-based system for obtaining services related to electric power transmission in North America. It is the primary means by which high-voltage transmission lines are reserved for moving wholesale quantities of (OASIS), is the electric power industry's response to a mandate from the Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. (FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability ). The mandate called for utilities to make available transmission grid capacity electronically over the Internet to encourage competition in wholesale power markets. A task force representing over 350 investor-owned electric utilities, public utilities and utility cooperatives selected BSG Alliance/IT, ISAVE ISAVE Instituto Superior de Saúde do Alto Ave (Portugal) Cegelec ESCA ESCA Electron Spectroscopy for Chemical Analysis ESCA Escaflowne (anime series) ESCA European Speech Communication Association ESCA Escuela Superior de Comercio y Administración (México) , and TradeWave Corporation to develop and implement an advanced system for electronic commerce. The task force controls approximately 70 percent of the transmission line mileage in the U.S. OASIS is scheduled to be in production in November, 1996. This system is expected to secure over $20 billion in transmission mileage when the system is fully operational. "The security of this system was paramount to the electric power industry, as were flexibility and the ability to easily administer the system," said Dr. Alexander Cavalli, Chief Technical Officer of TradeWave. "The TradeWave solution is based on the strongest public-key infrastructure technology available today, and that's what the electric power community needed." The new network is based on Trade VPI, the latest security technology from TradeWave Corporation. Trade VPI creates a "Virtual Private Internet" (VPI), where mission-critical transactions can be performed, such as the posting and reservation of electric power transmission capacity. The security architecture provided by Trade VPI features a public-key certification service, which enables security authorization at the individual user level; this kind of control is crucial for a mission-critical business system like OASIS. Also, users can access various OASIS group data from a single logon. TradeWave's partner, BSG, is a leader in the integration of high-performance information technology for business and commerce, BSG will develop and implement the system that allows the interaction between buyers and sellers. The company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Medaphis Corporation (NASDAQ:MEDA), a major provider of business management and information technology services. BSG can be reached on the Internet at http://www.bsginc.com. Cegelec ESCA is leading the systems application design effort. Cegelec ESCA is a major supplier of real-time systems for energy management, supervisory control and data acquisition (application) Supervisory Control and Data Acquisition - (SCADA) Systems are used in industry to monitor and control plant status and provide logging facilities. SCADA systems are highly configurable, and usually interface to the plant via PLCs. , and power marketing. TradeWave Corporation is a subsidiary of SunRiver Corporation (NASDAQ:SRVC), a provider of network-centric computing solutions. TradeWave develops and markets software products and services that enable secure, business-to-business electronic commerce over the Internet. In 1993, TradeWave delivered the first commercial intranet and secure VPI. Based in Austin, Texas, the company was founded in 1991 as the Enterprise Integration Network (EINet) within the Microelectronics and Computer Technology corporation (body) Microelectronics and Computer Technology Corporation - (MCC) One of the first, and now one of the largest, US computer industry research and development consortia. (MCC (The Microelectronics and Computer Technology Corporation, Austin, TX) The first high-tech research and development consortium in the U.S., created in 1982 by leading companies within the electronics industry. ), a research consortium of the nation's leading high-tech companies such as IBM, Kodak, Hewlett-Packard, and AT&T. TradeWave Corporation can be reached at http://www.tradewave.com. CONTACT: TradeWave Corporation Patricia Friar, 512/433-5325 friar@tradewave.com or Baron, McDonald & Wells Rick Fernandez or Todd Klawin, 770/492-0373 rfernandez@bmwpr.com tklawin@bmwpr.com REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or 80 |
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