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CONTACT INFORMATION
EC Power
www.ec-power.com
Excelergy
www.excelergy.com
FOR IMMEDIATE RELEASE EC
Power Adds Excelergy eXACT Transaction Management Software to Its
Transaction Routing Service Offering
ASP to manage outsourced electronic transactions with industry's most
advanced software
LEXINGTON, MA and HOUSTON, TX., November 7, 2000
- EC Power, a web-based application service provider (ASP) of
intelligent transaction routing services for companies in the deregulating
gas and electric industries, has partnered with Excelergy to Offer
its trading partner and transaction management software, Excelergy
eXACTTM, toEC Power's electronic transaction routing service customers.
"EC Power looked thoroughly at the different products we could
use to Enhance the transaction services we provide our energy customers,
and we chose Excelergy's because the alliance will provide our combined
customer base with the most advanced, cost-effective platform for
web-based energy transaction exchange in an ASP environment,"
said Hank Rush, chairman of EC Power. "We particularly liked
the fact that Excelergy eXACT employs XML technology, which is known
for its ease-of-use and user-friendly data editing format."
EC Power provides intelligent electronic routing and transaction
services between retail and wholesale electric and gas companies,
essentially managing the electronic data and document exchange for
energy companies who want to outsource that function. The company
has significant experience in managing large transaction volumes
for some of the energy industry's top gas and electric power wholesalers,
and has been active in the deregulating retail electricity markets
since early 1998.
"The integration of our product with EC Power services provides
enormous value to energy companies looking for a cost-effective
and efficient means of outsourcing their electronic business transactions,"
said Cary Bullock, president of Excelergy. "EC Power's offering
solves a prevailing industry problem - the inability of energy companies
to manage the proliferation of electronic data and communications
- and we couldn't be happier working with
a company of their size and reach."
Deregulation has opened the energy market tonumerous new types
of energy companies, such as suppliers and distributors, who now
must communicate and exchange data electronically with each other
in order to serve their business or residential customers. Excelergy's
eXACT software was developed to allow quick and accurate data exchange
among this expanding number of new and existing market participants.
In addition, its user-friendly XML processing reduces the need for
highly technical personnel to manage transactions and exceptions,
allowing eXACT to provides greater operational savings for all market
participants.
About EC Power:
Formed in 1995, EC Power was created to Deliver reliable, timely,
cost-effective electronic transaction management services to Customers
and vendors in the natural gas and electric industries. EC Power
serves energy companies by interconnecting their business applications
with other energy players tocost effectively route transaction
data for billing, meter data, enrollments, purchase orders, bank
wire transfers, and other financial functions required to do business
in the deregulating energy markets. EC Power has extensive experience
in many facets of business activity, including distribution, manufacturing,
purchasing, sales, finance, and transport. EC Power is headquartered
in Houston, Texas. More information can be found at www.ec-power.com.
About Excelergy Corporation:
Excelergy delivers complete e-infrastructure solutions to retail
energy companies operating in the global energy market. Excelergy's
innovative suite of EDI- and XML-enabled products includes the Excelergy
ABP* 3000 customer billing and information system, the Excelergy
eXACT* family of business-to-business transaction management solutions,
and the web-based Energymarketplace energy portal. Headquartered
in Lexington, MA, Excelergy has additional US offices in Santa Monica,
CA and Atlanta, GA. Its European headquarters are located in Bristol,
England. More information is available at www.excelergy.com.
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