Siemens and NewEnergy Associates celebrate first anniversary of acquisition


ATLANTA, Ga., Nov. 10, 2003 — NewEnergy Associates, a wholly owned subsidiary of Siemens Westinghouse Power Corp. (SWPC), recently celebrated its first anniversary as part of the global Siemens Power IT Solutions business unit.

NewEnergy closed a record number of deals in US, Europe, and Asia, achieved record business results, and significantly increased its market share since the acquisition.

“While our competitors continue to struggle, our market share has grown and we are winning in the majority of head-to-head competitive situations,” states Ralph Genesi, Chief Executive Officer of NewEnergy Associates and General Manager, Siemens Power IT Solutions. Genesi adds, “This growth reflects our track record of success, the compelling cost-benefit of our solutions, and the confidence that Siemens brings to each of our customers. Our investment in products continues to be especially strong, so that we are able to keep pace with software technology, regulatory, and market changes in the energy industry. Our customers know that NewEnergy will be there for them.”

Even with the growth of the business, NewEnergy software development teams remain in close contact with the customer base and customers’ dynamic business needs. Each software product area has had a major new version release over the last year. In addition, NewEnergy has leveraged Siemens experience in delivering a significantly greater number of enterprise wide solutions since the acquisition.

Siemens’ Power IT Solutions business unit provides consulting and implementation services, along with best-practice software developed specifically for the energy industry by energy experts. Siemens provides business solutions for the energy industry including:

“- Enterprise Asset Management

“- Financial Management

“- Fuels Strategy and Planning, including Fuels Optimization and Management

“- Public Policy Consulting Services

“- Trading and Risk Management

“- Retail Electricity and Gas Market Operations

“- Wholesale Electricity Market Operations

“- Contract Management and Billing

“- Fleet Management (multi-plant)

“- Power Plant Management (single-plant)

“- Plant Asset Management

“- Scheduling and Economic Dispatch Optimization

“- Emissions Management

“- Power Plant Optimization and Monitoring

About NewEnergy Associates, a Siemens Company:

NewEnergy Associates is a wholly owned subsidiary of Siemens Westinghouse Power Corporation and part of Siemens Power IT Solutions, a business unit of the global Siemens business area Power Generation (PG). Siemens has established itself as a global provider of true end-to-end business solutions for the energy industry. NewEnergy has been specializing in the development and support of integrated business applications in excess of 25 years, with clients worldwide in electric and natural gas utilities, energy trading and retailing, power generation and project development, transmission, as well as state and national governments.

In fiscal 2002, which ended September 30, 2002, Siemens PG posted sales amounting to EUR9.4 billion and received new orders totaling EUR10.6 billion. Group earnings before interest and taxes (EBIT) amounted to EUR1.582 billion. On September 30, 2002, Siemens PG had a work force of approximately 30,000 around the world.

Learn more about NewEnergy Associates – A Siemens Company at

http://www.newenergyassoc.com


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