LINKOPING, SWEDEN, February 22, 2007 - IFS hosted a two-day forum in Oslo in mid-February at which almost 100 delegates from the Swedish and Norwegian energy and utilities industry met to share experiences and discuss future issues. Among other things, the delegates agreed to collaborate in setting up a Utilities Advisory Council (UAC) consisting of energy and utilities experts from around the world.

The UAC will constitute a platform from which IFS and its customers who generate, transmit, and distribute electric energy can share knowledge and experience. The collaboration is designed to help IFS continue to support the industry with innovative, agile business solutions.

Other new initiatives include Enkam, a project involving participants from Hafslund Energi, Statnett, and Energiselskapet Buskerud in Norway. Enkam’s objective is to help those involved reach a higher level of standardization of the technical and functional solution while streamlining implementation and maintenance to achieve lower total cost of ownership. The intention is that Enkam will lead to new industry standards.

The exhibition area adjacent to the conference featured solutions and services from IFS and collaborating partners WM-Data and Bi-Cycle.

IFS prioritizes the energy and utilities industry globally. Asset and workforce management are critical processes in the energy and utilities industry, to which IFS has provided solutions for the past 19 years.

IFS has 120 customers involved in power generation, transmission, and distribution. These include the world's largest hydropower plant, Three Gorges (China); nuclear power stations OKG (Sweden) and Qinshan (China); grid operators such as Svenska Kraftnät (Sweden), Statnett (Norway), Federal Grid Company of Russia, and TenneT (The Netherlands); and distributors such as Siemens Energy Services (New Zealand), Fortum (Sweden), and Hafslund Energi (Norway).

About IFS and IFS Applications
IFS (OMXS: IFS), the global enterprise applications company, provides solutions which enable organizations to respond quickly to market changes—allowing resources to be used in a more agile way to achieve better business performance and competitive advantage.

IFS was founded in 1983 and now has 2,600 employees worldwide. IFS has pioneered component-based ERP software with IFS Applications, now in its seventh generation. IFS’ component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages.

IFS has over 500,000 users across seven key vertical sectors: aerospace & defense; automotive; high-tech; industrial manufacturing; process industries; construction, service & facilities management and utilities and telecom. IFS Applications provides extended ERP functionality including customer relationship management (CRM), supply chain management (SCM), product lifecycle management (PLM), corporate performance management (CPM), enterprise asset management (EAM) and maintenance repair and overhaul (MRO) capabilities.

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