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News 1998

 

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FOR IMMEDIATE RELEASE
Aquilium Signs Billing Contract in West Virginia

CHARLOTTETOWN, PE., July 17, 1998- Aquilium Software Corporation today announced that it has signed an ongoing agreement with the Morgantown Utility Board (MUB) in West Virginia.

The contract, worth US $422,825 (C$626,800) in the first year and US $31,125 in annual maintenance, is the culmination of the utility's nine-month search for a new business information system (BIS).

Aquilium will implement its Year 2000-compliant, customer information, billing and accounting system and go "live" during the first quarter of 1999.

"We're a very progressive utility, concerned primarily with serving our customers the best way we can," said Tim Stranko, General Counsel at MUB. "We knew that there was technology available to help us to do our job better and Aquilium's software was the solution that fit us best."

"After we examined the 12 vendors who submitted proposals, and interviewed the three finalists, we chose Aquilium unanimously," said Stranko. "We were really impressed with Aquilium's people, with their competency, expertise and ability to implement the program."

Stephen Pate, Aquilium President and CEO, said "our product is a perfect match for the size and needs of this utility." By way of background, he noted, Morgantown is typical of several thousand U.S. utilities.

About Aquilium
Aquilium Software Corporation is a leading provider of Microsoft Windows NT client/server utility management software for electrical, water and gas midmarket utilities. Aquilium Customer Service Management (CSM) provides a year 2000 solution for utilities by eliminating the need for expensive code rewriting. Aquilium CSM, now in release 4.0, operates in a Microsoft SQL Server-Back Office environment.

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