[October 18, 2017]

Allegro Launches CTRM Mobile Application

Allegro Development Corp., a global leader in commodity trading and risk management (CTRM) software, set a new CTRM industry standard today by announcing the launch of its mobile application.

Allegro's iOS and Android (News - Alert) compatible CTRM mobile app provides traders, risk managers, back office and IT professionals with the ability to view reports, manage approvals and receive real- time notifications on any mobile device from any location in the world. With these capabilities now available, commodity professionals will have 24-hour remote access to real-time data, workflow approval and position visibility without being chained to their desks.

The first Allegro customer to go live on the CTRM mobile application is Par Pacific Holdings Inc., an innovative American energy company that identifies, acquires and operates energy and infrastructure companies with attractive competitive positions. Par Pacific chose Allegro's software and mobile application solution to obtain additional real-time visibility into its crude refining processes, thereby improving risk positioning.

Frank Brienzi, CEO, Allegro:
"We are proud to announce that Allegro has launched the commodity industry's very first CTRM mobile application. With the ability to view real-time data from any place at any time, Allegro's current and future customers will have competitive edge in the marketplace."

William Pate, President and CEO, Par Pacific:
"We are excited to be the world's first energy company to have real-time mobile access to trade data. Allegro's new mobile application will enable us to better manage our transactional workflow through approvals that can be made remotely."

About Par Pacific

Par Pacific Holdings, Inc., headquartered in Houston, Texas, owns, manages and maintains interests in energy and infrastructure businesses. Par Pacific's strategy is to identify, acquire and operate energy and infrastructure companies with attractive competitive positions. Par Pacific owns and operates one of the largest energy infrastructure networks in Hawaii with a 94,000-bpd refinery, a logistics network supplying the major islands of the state and 91 retail locations. In Wyoming, Par Pacific owns a refinery and associated logistics network in a niche market. Par Pacific also owns 42.3% of Laramie Energy, LLC, which has natural gas operations and assets concentrated in the Piceance Basin in Western Colorado. To learn more about Par Pacific, visit their website at www.parpacific.com.

About Allegro

Allegro is the gold standard in commodity management software for companies who buy, sell, produce or consume commodities. For over 30 years, Allegro has delivered position visibility, risk management, comprehensive controls and regulatory compliance through a forward compatible, next-generation architecture that is built for your business. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Dubai, Houston, Jakarta, London, Singapore and Zurich, along with a global network of partners. Visit Allegro's website at http://www.allegrodev.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171018005318/en/

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