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Triple Point Technology's Commodity Trading and Risk Software System Becomes a SAP-Endorsed Business SolutionWESTPORT, Conn. --(Business Wire)-- Triple Point Technology, the leading global supplier of cross-industry commodity trading, risk management and logistic software platforms, announced today that its commodity and energy trading and risk application has become a SAP-endorsed business solution. Commodity Management utilizes best-of-breed components from both SAP AG and Triple Point -- 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 and delivers a common maintenance program and a common technology platform at the lowest lifecycle cost. "Three market-leading commodity companies including ABB Grain and Engen Petroleum have licensed Commodity Management in the last two months. They, alongside a growing number of global commodity and energy firms, are realizing that the solution is truly unique," explains Dilip Daswani, vice president, business development at Triple Point Technology. "Commodity Management is the result of a ground-breaking collaboration between SAP and Triple Point and it is quickly emerging as the only solution that meets all of the commodities market's requirements, including oil, metals, power, natural gas, coal, freight, biofuels and agriculture. It provides a seamlessly integrated front-to-back office for supply, trading, marketing and movement of commodities. At the same time, the solution provides management with greater transparency and control, ensuring compliance, enabling improved business performance and increased profitability." While there are thousands of solutions available that have achieved Powered by SAP NetWeaver(R) status, Triple Point Commodity SL is one of only 18 SAP-endorsed business solutions worldwide and is the only solution endorsed by SAP in the commodity trading and risk management area. More than 30,000 development hours and millions of dollars have been invested in Commodity Management, eliminating the need for custom integration and providing the lowest total cost of ownership (TCO). SAP and Triple Point maintain ownership of the developed interfaces contained in Triple Point Commodity Management throughout the product life-cycle, eliminating the risk and cost for customers. "The growth in commodity demand, market volatility and complexity, and an increase in regulatory and legislative controls have resulted in a need from increasingly correlated markets to deploy a multi-commodity, enterprise platform solution," said Peter Maier, senior vice president of ISM Process Industries at SAP AG. "SAP selected Triple Point due to its rich industry solution experience with commodity supply, trading, marketing and logistics while understanding our customer's needs to manage risks in commodity trading. Its solution is integrated with the SAP business process platform, leveraging the enterprise service-oriented architecture and enterprise services, which significantly reduces the costs and risks of integration for our joint customers." About SAP-Endorsed Business Solutions SAP-endorsed business solutions are complementary to SAP software offerings, are developed in accordance with SAP development guidelines, and provide additional choices and flexibility for businesses running SAP software. SAP-endorsed business solutions are powered by the SAP NetWeaver platform. As part of the agreement, Triple Point and SAP will provide development resources, exchange and share technology and product roadmaps, as well as market Commodity Management. About Triple Point Technology, Inc. Triple Point Technology is the leader in commodity trading, risk management, scheduling and logistics solutions. Triple Point Commodity SL 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. SAP, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other marks are the property of their respective holders. All other brands, products, or service names are or may be trademarks or service marks of their respective owners. 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. |
