Triple Point Technology Wins Trading System Contract With Kolmar Petrochemicals; Petrochemical Trading and Risk Management Technology to be Deployed Immediately.Business Editors WESTPORT, Conn.--(BUSINESS WIRE)--Nov. 27, 2001 Triple Point Technology, Inc. (www.tpt.com), the leading provider of enterprise-wide commodity trading software, today announced that Kolmar Petrochemicals AG and Kolmar Petrochemicals Inc. have awarded Triple Point a contract to deliver and deploy software to manage Kolmar's petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. trading and risk management operations. Kolmar Petrochemicals (www.kolmarpetrochemicals.com) will integrate Triple Point software in its management's information systems to improve inter-office communications and provide real-time, global access to trading data across the company's offices. Triple Point software will enable Kolmar to forecast and manage inventory levels, streamline the back-office functions of the trading operation, and create a data warehouse for management information and business reporting. The system will provide sophisticated risk analysis technology to manage commodity price, foreign exchange, and customer credit risk. "Kolmar Petrochemicals is committed to applying advanced technology to better serve its business partners, integrate its business units, and optimize the operational aspects of its business," said Mr. Chavdar Tzonev, Director Operations at Kolmar Petrochemicals AG. "The Triple Point system will enable our management to closely monitor and report on all trading activities, adding to the tools Kolmar needs to run its business efficiently." "Triple Point Technology offers a software solution uniquely suited to the needs of physical and derivative petrochemical trading markets," said Peter F. Armstrong, president, Triple Point Technology, Inc. "Kolmar will benefit from Triple Point's extensive experience in not only petrochemicals, but a broad range of commodity markets. Triple Point trading and risk management systems are designed to streamline business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , increase productivity, and distribute transaction information on a global scale." About Kolmar Kolmar Petrochemicals Americas AG, based in Zug, Switzerland and Kolmar Petrochemicals Americas Inc. have their roots in trading as well as in production. The companies bring the unique perspective of both understanding the petrochemical industry's needs as well as having the trading experience which enables Kolmar Petrochemicals to perform a variety of functions. These functions have proven to be of high value to its business partners. Long-term contracts and projects, coupled with strong relationships, are typically the results. About Triple Point Technology, Inc. Triple Point Technology, Inc. (www.tpt.com) provides fully-integrated commodities trading business systems to major oil companies, investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , utilities, metal producers, and other global trading organizations. The company leverages technical, business, and trading expertise to help customers reengineer their business processes and develop efficient commodities trading business systems. Triple Point's product line includes Tempest XL, an enterprise risk and trade management solution for the global commodity markets; Power XL, a real-time solution for power trading; TANGO, an integrated trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. specially designed for small to mid-sized commodity trading companies; and InterFlex 2000, a base metals trade management system, covering physical transactions, terminal markets, and derivatives. Industry leaders that have adopted Triple Point's enterprise solutions include: BP, Cinergy, Duke Energy, Emirates National Oil Company (ENOC ENOC Emirates National Oil Company ENOC Enterprise Network Operations Center ), Glencore, ITOCHU, Koch Industries Koch Industries, Inc. (pronounced "koke") is a private corporation based in Wichita, Kansas. According to Forbes Magazine, it is the largest privately owned company in the world by revenue (surpassing Cargill in 2005 with the acquisition of Georgia-Pacific), with subsidiaries , Marathon Ashland Petroleum, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , Petrobras, Williams Energy, ARCO ar·co adv. & adj. Music With a bow. Used chiefly as a direction to indicate the resumption of bowing after a pizzicato passage. Adj. 1. Aluminum, and Standard Bank. Founded in 1993, Triple Point is 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. and operates satellite offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Houston, Louisville, London, and Singapore. |
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