OpenLink

Austin Energy Selects OpenLink's Endur

Electric Utility Company to Implement Proven Transaction Processing Functionality

HOUSTON, TX, April 27, 2005 /Business Wire/ — OpenLink, a leading provider of energy and financial trading and risk management software solutions, announced today that Austin Energy, the municipally owned electric utility of the City of Austin, Texas has licensed Endur, OpenLink's energy transaction management solution. Austin Energy, the 10th largest municipal electric utility, will implement Endur to support its commodity transaction management process, which includes all front-, middle-, and back-office requirements.

While in pursuit of a solution that could manage trading and risk management activities across a wide range of energy products, including coal, natural gas, nuclear, and renewable energy sources, and after a comprehensive vendor solution review and evaluation, Austin Energy has concluded that OpenLink's Endur proved to be the "best fit" solution to manage their high-demand generation and distribution requirements.

"The addition of Austin Energy to our client base highlights Endur's flexibility and capability in providing innovative solutions to the municipal energy market," said Matthew Frye, managing director of OpenLink's Houston Division. "Austin Energy's Endur decision is a fine example of a customer-focused, progressive utility taking the necessary steps to proactively manage its energy and related risks," added Frye.

"We welcome Austin Energy to our growing list of Endur users," said Coleman Fung, OpenLink's founder and CEO. "This win reaffirms our leading position in the revitalized North American power and natural gas markets. We look forward to a successful implementation project made possible through our dedicated staff and a strong partnership with Austin Energy," added Fung.

About Austin Energy

Austin Energy is a community-owned electric utility and a department of the City of Austin, Texas. The utility serves 360,000 customers (meters) in Austin and Travis County and a population of over 800,000. Austin Energy is nationally recognized for its GreenChoiceT renewable energy program and its comprehensive energy efficiency programs that include the nation's first and largest green building program. For more information, visit www.austinenergy.com.

About OpenLink

Founded in 1992, OpenLink is a leading provider of energy and financial trading, risk management, and operations software solutions. The company's Next Generation eXtensible (NGX) platform supports 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 AMP Capital Investors, Austin Energy, Banco de México, Bank of America, Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury PLC, Bridgeline Holdings, Citigroup Global Market, Inc., Deutsche Bank, Edison Mission Marketing & Trading, Enbridge, Mirant, Nexen, Petróleos Mexicanos, Sequent, Shell, Statoil and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, and São Paulo, OpenLink employs more than 300 professionals worldwide.

Editorial Contact:

e-mail: Dorianne Landolphi
OpenLink
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