Major Japanese Utilities Successfully Trade With KWI

KWI and Toshiba Take Market Leadership in Japan With Power Trader


HOUSTON, May 11, 2005 (PRIMEZONE) -- KWI, the leading provider of trading and risk management software for the global energy industry, today announced that many of the top-ten utilities in Japan have deployed KWI software to support the deregulated energy market, which opened on April 1, 2005.

This announcement follows KWI's successful entry into the Japanese market in June 2004 through its partnership with Toshiba Corporation, the leading Japanese developer and manufacturer of power generation systems. The combined expertise of KWI and Toshiba has resulted in the creation of the first Japanese-language energy trading and risk management (ETRM) packaged application--Power Trader(tm).

Power Trader is available with complete front-, middle- and back-office functionality and a comprehensive interface to Japanese Electric Power Exchange (JEPX). KWI continues to be the only mainstream ETRM vendor deploying a local language solution in Japan.

"We are pleased to announce the uptake of Power Trader by some of the largest utilities in Japan," said David Bucknall, chief executive officer, KWI. "We look forward to continuing our successful partnership with Toshiba and supporting the development of this emerging market."

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, Alliant Energy, Energi E2, MVM, PacifiCorp, Puget Sound Energy, Tennessee Valley Authority, Ontario Power Generation (OPG), and WPS Energy Services.

More information available at www.kwi.com.



            

Coordonnées