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Triple Point to Showcase SAP Endorsed Commodity Management Solution at SAPPHIRE(R)
ORLANDO, Fla.-(Business Wire)-May 1, 2008 - Triple Point Technology, the leading global supplier of cross-industry commodity trading, risk management and logistics software platforms, will showcase Commodity Management, the only trading and risk management software solution endorsed by SAP AG, during the SAPPHIRE(R) 2008 Orlando conference - SAP's premier business technology event.
Commodity Management utilizes best-of-breed components from both Triple Point and SAP - Triple Point's SAP-endorsed Commodity SL(TM) and the SAP(R) ERP application - and optimizes profits across the commodities supply chain. The tightly integrated software is fully tested by SAP, eliminating the need for custom integration. It also delivers a common maintenance program and a common technology platform, providing the highest value at the least risk.
"While there are thousands of solutions available that have achieved Powered by SAP NetWeaver(R) status, Triple Point Commodity SL is one of 22 SAP-Endorsed business solutions worldwide," stated Angie L. Halderman, senior director, SAP Global Ecosystem and Partner Group. "More importantly, Triple Point Commodity SL represents the only such solution in the commodity trading and risk management software area."
Since Triple Point Commodity SL became an SAP-endorsed business solution in the fourth quarter of 2007, five market-leading commodity companies, including ABB Grain, Engen Petroleum and CITGO Petroleum, have licensed Commodity Management.
Gina Coon, manager, IT Applications Hydrocarbons Supply Chain, CITGO Petroleum Corporation, is a presenter at SAPPHIRE on Monday, May 5th at 3:45pm. Ms. Coon will discuss CITGO's plans to leverage the Commodity Management solution to improve data integrity and create transparency across the company's entire value chain. "As an existing SAP customer, it makes absolute business sense for us to adopt the only oil trading and risk management software solution endorsed by SAP," explains Ms. Coon.
"A growing number of global commodity and energy firms are realizing the uniqueness of the co-developed offering," said Peter F. Armstrong, president and CEO, Triple Point Technology. "The market now expects a pre-integrated SAP solution that provides both the best functionality and business value - and we have the distinction of being the one company to meet this criterion."
Where to find Triple Point at SAPPHIRE 2008 Orlando: Booth #1783 in the main exhibit area.
About Triple Point Technology, Inc.
Triple Point Technology is the leader in commodity and energy trading, risk management, scheduling and logistics software solutions. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office on a real-time, next-generation platform for all commodities, including power, oil, gas, coal, base and precious metals, agricultural products, biofuels and freight. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993 and headquartered in Westport, Connecticut, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.
Commodity SL is a trademark of Triple Point Technology.
SAP, SAPPHIRE, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.
All other product and service names mentioned are the trademarks of their respective companies.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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