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Triple Point Commodity XL(TM) Awarded Gold Innovation Prize; Recognized for Ground-Breaking Solution for Multi-Commodity Trading and Risk Management.


WESTPORT, Conn. -- 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 it has won the gold Connecticut Connecticut, state, United States
Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W).
 Quality Improvement Award (CQIA CQIA Certified Quality Improvement Associate (ASQ) ) Innovation Prize for its Commodity XL(TM) multi-commodity platform - marking the third year in a row that Triple Point has won the CQIA Innovation prize. In 2005, Triple Point received the CQIA Innovation Prize for its Commodity XL PhysOps 'Visual Cockpit' and in 2004 for its automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates

v.tr.
1. To convert to automatic operation: automate a factory.

2.
 implementation process.

Other winners of the gold CQIA Innovation prize include Pitney Bowes This article or section is written like an .
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 for its new mail screening system that detects anthrax anthrax (ăn`thrăks), acute infectious disease of animals that can be secondarily transmitted to humans. It is caused by a bacterium (Bacillus anthracis  while minimizing pathogen Pathogen

Any agent capable of causing disease. The term pathogen is usually restricted to living agents, which include viruses, rickettsia, bacteria, fungi, yeasts, protozoa, helminths, and certain insect larval stages.
 exposure to staff and facilities, Pfizer for streamlining the drug discovery process, and HoloTouch for its holographic See holographic storage.  human-machine interfaces.

"I'm extremely pleased to have received this award which recognizes our commitment to innovation and performance excellence," said Mike Ravo, vice president, industry solutions, Triple Point Technology. "Every department within Triple Point, from engineering to delivery to customer support, is committed to maintaining technical, product and service leadership, enabling us to deliver award-winning solutions and superior value to our customers."

The Connecticut Quality Improvement Award Partnership, Inc., America's first state-level quality award, was founded in 1987 using the Malcolm Baldrige National Quality Award The Malcolm Baldrige National Quality Award is given by the United States National Institute of Standards and Technology. Through the actions of the National Productivity Advisory Committee chaired by Jack Grayson, it was established by the Malcolm Baldrige National Quality  for Performance Excellence criteria in an effort to advance innovative programs that improve quality, performance excellence, and marketplace competitiveness.

The CQIA prize adds to the recent widespread independent recognition Triple Point has received for its product solutions including the top "User Choice 2006 - Trading and Portfolio Management" ranking, "Software House of the Year" and "Top Software Package" by Energy Risk Magazine. Triple Point also was named to the Deloitte Fast 50 for a record-breaking eight years in a row.

Commodity XL

Triple Point Commodity XL is a true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today's highly volatile environment: multi-commodity capabilities, real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example.  integration of physical and financial positions, comprehensive risk management, and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing, and logistics operations.

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 twenty-five percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993, Triple Point serves clients from five development and support centers around the globe. More information is available at www.tpt.com.
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Comment:Triple Point Commodity XL(TM) Awarded Gold Innovation Prize; Recognized for Ground-Breaking Solution for Multi-Commodity Trading and Risk Management.
Publication:Business Wire
Geographic Code:1USA
Date:Jul 18, 2006
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