KWI Selected by Energi E2 for Multi-Commodity Trading

K2 Provides Single View of Energy Portfolio and Improves Risk Management


HOUSTON, Sept. 2, 2004 (PRIMEZONE) -- KWI, the leading provider of trading and risk management software for the global energy industry, today announced that Energi E2, a leading Danish production and energy trading company, has selected KWI's integrated, end-to-end energy trading and risk management software solution -- K2. Building on its long standing relationship with KWI, Energi E2 will use K2 for multi-commodity trading, reducing the exposure from foreign currencies and daily price fluctuations.

Frank Rasmussen, Energi E2 general manager, power sales and trading, said, "Our business continues to evolve and with the recent introduction of gas and CO2 into our portfolio of power, heat, coal and oil, we recognized the need for a solution that could scale to handle more commodity complexity. KWI's K2 is the best fit for the business and we are delighted to expand our existing partnership. Using K2 means we can use a single system for multi-commodity trading, resulting in more efficient processes and an improvement in our risk management capabilities."

To support the recent launch of its gas trading operations, Energi E2 recognized it needed to upgrade its kW3000 platform, and selected K2 due to its ability to provide a single, end-to-end view of the company's complex energy portfolio. By optimizing its generation portfolio, power sales and fuels procurement against the market, Energi E2 will improve its efficiency and profitability. In particular, Energi E2 has reduced its exposure to daily price changes by being able to react on a daily, rather than monthly basis.

Rasmussen reports that following a competitive review of ETRM systems, KWI continued to demonstrate market leadership. The company's ability to handle the complexity associated with multiple commodities within a single solution clearly differentiates it from other solutions. The company's position has been confirmed recently in Energy Risk's User Choice Awards 2004, where KWI was voted 'Best Software Provider' and 'Best Software Package'.

David Bucknall, KWI chief executive officer, commented, "Energi E2's continued partnership with KWI clearly demonstrates our ability to deliver solutions that meet the growing demands facing energy companies. We are looking forward to Energi E2 realizing the benefits of the most comprehensive energy trading and risk management solution available on the market."

Building on the long standing relationship between KWI and Energi E2, Gitte Helmark, analyst at Energi E2 has been appointed chairperson of the KWI user community, which is made up of representatives of all KWI customers. Helmark will lead Web discussion groups and customer meetings and be a spokesperson for KWI's customers. KWI will work closely with the user community to continue to improve its product and service leadership.

K2 has evolved from extensive development of kW3000 functionality and technology, and is setting the global standard for ETRM software. K2 is a suite of eight best-of-breed product components, which seamlessly integrate to meet the needs of front, middle and back office operations. The solution can be deployed as an integrated solution or as components alongside existing software solutions.

About KWI

KWI is a leading provider of trading and risk management software for the global energy industry. Developed specifically for global energy businesses, KWI's flagship product, K2, is a comprehensive suite of componentized, integrated applications for multi-commodity trading and risk management.

KWI is an international software company with customers in North America, Europe and Asia, including BP, ATEL, CEZ, ENEL, Energi E2, MVM, Ontario Power Generation (OPG), PacifiCorp and BNFL Magnox Generation.

More information available at www.kwi.com

About Energi E2

ENERGI E2 is a leading Danish energy production and trading company. The company has 1,400 employees and owns 18 power stations in Eastern Denmark as well as interests in a number of hydropower stations in Sweden and Norway. In addition to this E2 owns wind turbines in Denmark, Sweden, Greece and Spain. More information at www.energie2.com



            

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