Gujarat Power Utility in India Selects Triple Point Technology Commodity XL for Power; Advanced Solution Delivers Global Trading, Risk Management, and Scheduling Best Practices Combined with Flexibility to Meet Local Power Requirements

Business Wire, Feb 13, 2006

WESTPORT, Conn. -- Triple Point Technology, the leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities, announced today that Gujarat Urja Vikas Nigam Limited (GUVNL), one of the largest electric utilities in India, will use Triple Point's Commodity XL(TM) for Power next-generation software solution to manage the utility's physical and financial trading, risk management, and electricity and transmission scheduling.

GUVNL, in the business of generation, transmission and distribution in the state of Gujarat, India, chose Commodity XL for Power to support a growing program of inter- and intra-state power trading. Commodity XL supports every part of a client's organization, from traders to schedulers to risk managers to accountants to executives.

"Triple Point was selected because our solutions are the most advanced, our people are the most knowledgeable and our company has a solid record of maintaining product leadership," said Peter F. Armstrong, president and CEO, Triple Point Technology. "We invest substantially in research and development to ensure that we provide the most competitive solutions. Commodity trading companies throughout India, Asia and the world are selecting Commodity XL as the most powerful system available that offers flexibility and scalability to meet each market's and client's unique needs."

Triple Point will provide GUVNL with localized support through the company's office in Pune, India. Triple Point's Indian clients also include Bharat Petroleum Company Ltd. (BPCL), the India Electron Exchange, PTC India Ltd. and Reliance Industries.

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, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.