OpenLink

Holding Slovenske Elektrarne Goes Live with OpenLink's Endur

Software Solution Will Support Leading Eastern European Energy Supplier's Power Trading

BERLIN, GERMANY, August 21, 2003 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading, risk management, and operations software solutions, today announced that Slovenian-based Holding Slovenske elektrarne (HSE), a holding company for eleven companies and a leading Slovenian power producer, has completed the implementation of Endur to support its asset-based physical electricity trading and risk management business activities. HSE's license covers front- to back-office support for the company's power transactions, and marks OpenLink's entry into the evolving markets of Eastern Europe.

"Endur's open architecture provides the IT and business decision support infrastructure we need to manage our growing trading activities," said Dr. David Grgic, project manager for the Endur implementation at HSE. "OpenLink has proven that its leading-edge technology framework will provide us with the ability to model various power markets within key European regions such as Slovenia, Austria, Italy, and Germany. This current market coverage and its ability to support our future endeavors — as well as the company's reputation within its European user base — were the primary factors for our selection."

The adaptive, dynamic, and integration-enabling platform, upon which Endur is built, provides a risk-centric solution for cross-market transaction management and processing. This, delivered via OpenLink's Fast Track implementation methodology, brings a comprehensive software solution to a live environment in the shortest time possible.

"Working with HSE's highly sophisticated risk and analytics group, we were able to efficiently uncover and establish a set of need-based objectives," said Dr. Wolfgang Ferse, managing director of OpenLink's office in Berlin, Germany. "To meet these identified business requirements, we leveraged our standard European energy implementation model and minimized the time needed to get HSE's users up and on our software."

OpenLink's global reach has continued to expand in recent months, as has its portfolio of offerings. This steady growth in the company's user and product base is a byproduct of a well-established central philosophy and continued investment in research and development.

"Since our founding, we have continuously focused on a client-centric, value-added method of software development, and complemented it with an opportunity- and success-based approach to expansion," said Coleman Fung, founder and CEO of OpenLink. "This has allowed us to remain responsive, deliver dynamic solution-oriented software, and fuel our continued growth. We welcome HSE to our worldwide family of clients and anticipate future additions as we continue our expansion within Eastern Europe."

About Holding Slovenske Elektrarne (HSE)

HSE is the largest and leading Slovenian power supplier. The group includes eleven companies (including hydro and thermal power plants, a coal mine, etc.) and a representative office in Belgrade, and has more than four thousand employees. Six HSE production companies produce more than 50 percent of all electricity generated in Slovenia. With its supply obtained through a combination of different sources, HSE holds a central role in providing a safe, reliable, and quality power supply to domestic as well as foreign consumers.

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 Contact:

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