OpenLink

OpenLink's pMotion Now Includes Interface to The Structure Group's nMarket

Resulting ISO and RTO Communication Enhances Power Scheduling Product

MITCHELL FIELD, NY, May 13, 2003 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that it has completed its codevelopment project with The Structure Group, creating a seamless link between its recently released pMotion power scheduling product and The Structure Group's nMarket business solution for market operator communication within the North American power markets.

The added flexibility of this embedded functionality allows information on transactions that are scheduled within pMotion to be automatically passed to the appropriate nMarket module, and from there to be routed to the proper Independent System Operator (ISO) or Regional Transmission Organization (RTO). Supporting data transfer with the California, ERCOT, New England, New York, PJM, and Ontario markets, OpenLink's pMotion enables clients to leverage nMarket to further automate repetitive, high-volume, and high-frequency business processes.

"nMarket offers automated and secure communication links that address the unique requirements of the ISO or RTO markets," said Michael Peterson, principal of The Structure Group. "Our differentiator is that we keep these communication links in lock-step with changes as these markets evolve. Combining this with the strength of OpenLink's transaction management capability, we can now offer our existing and prospective clients the most compelling reasons to upgrade their legacy mixture of scheduling tools to pMotion with embedded nMarket support."

A recent addition to OpenLink's product portfolio, pMotion assists Endur users in targeting and eliminating the logistic inefficiencies faced by a range of energy market participants, from utilities, transmission providers, load-serving entities (LSEs), local distribution companies (LDCs), wholesalers, and asset-based marketers to various financial institutions engaged in energy trading and delivery. pMotion's core services include rule-based bookout facilities, advanced delivery management capabilities, integrated trading and scheduling position management, dynamic invoice generation and tracking, flexible netting facilities, streamlined accounting reconciliation, embedded nMarket interfaces, and a range of other unparalleled services. Coupling pMotion with Endur, OpenLink now offers the first complete and most advanced straight-through-processing transaction management solution for the energy markets.

"This embedded nMarket link eliminates a host of interface-related challenges for our clients and furthers pMotion's mission of purging logistic inefficiencies," said Coleman Fung, OpenLink's founder and CEO. "We share with The Structure Group a common business philosophy of adding value by eliminating inefficiencies, and our existing and prospective customers are the true beneficiaries of these synergies."

About The Structure Group

The Structure Group is a leading provider of energy trading business solutions and consulting services to market participants in North America and Europe. Established in 1998, Structure has experience working with top-tier organizations in all stages of the energy value chain. Structure introduced nMarket™ in 2000. The product assists energy organizations with the bidding, scheduling, dispatch and settlement of energy trades and ancillary services in regional power markets. Power marketers who participate in the California, ERCOT, New England, New York, PJM and Ontario markets are currently using the product. For more information about The Structure Group, visit www.thestructuregroup.com or contact us directly at media@scgo.com.

About OpenLink

Founded in 1992, OpenLink is a leading provider of trading, risk management, and operations software solutions. The company's Adaptive, Dynamic, and Integration-enabling (ADI) Framework-based solutions support the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury Services, Deutsche Bank, Duke Energy International, EnCana, Equiva Services, Mobil UK, Mirant, Nexen, Shell Trading, and Vattenfall Europe Trading. Headquartered in Long Island, New York, OpenLink employs more than 280 professionals worldwide, with offices in London, Houston, New York City, Berlin, and Tokyo.

Editorial Contacts:

Dorianne Landolphi
OpenLink
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197
e-mail: Dorianne Landolphi

Laurie Bollig
The Structure Group
Marketing Manager
Phone: +1 913 221 6923
e-mail: Laurie Bollig