KINGSTON, Ontario & LEXINGTON, Mass., Aug. 2, 2001 – Excelergy Corporation has signed an agreement to provide Ontario, Canada-based Utilities Kingston with the Excelergy eXACT for Retail Marketsà¢â€ž- product.
Excelergy secured the Utilities Kingston contract in cooperation with IBM Canada Ltd., a key player helping provide Excelergy’s software products to a growing number of Ontario market participants.
“We were searching for a low-risk, highly efficient way to rapidly connect and integrate our existing system with the retail transaction hub in Ontario,” said Brad Joyce, utility resources manager with Utilities Kingston. “Excelergy’s scalable, high-performance software product enables us to accomplish this while meeting all regulatory requirements in advance of the market opening next year. Based on their work with IBM Canada for utilities like London Hydro in this market, we know this will also be an excellent solution for us.”
Excelergy eXACT for Retail Markets will automatically manage Utilities Kingston’s collaboration with the growing number of companies preparing to operate in the restructuring Ontario market, scheduled to open to competition by Spring 2002. Serving as the company’s primary gateway for data transactions, the XML-based product will translate, validate and securely transmit and receive customer and business data between Utilities Kingston and its trading partners. It will minimize data errors and inefficiencies and provide detailed audit trails of all transactions to insure verification and transaction integrity.
“Utilities Kingston needed a high performance software product to manage its intermediary relationships and the shared business processes that define those relationships, and we’re pleased they chose Excelergy eXACT,” said Bill Mahoney, Excelergy’s president and chief executive officer. “It enables companies like Utilities Kingston to quickly increase operational efficiency and lower operating costs – which has immediate impact on their revenues and profitability. We’re pleased to once again work with IBM Canada in what has become a very productive relationship.”
About IBM Global Services
IBM Global Services is the world’s largest information technology services provider, with nearly 150,000 professionals servicing customers in 160 countries and annual revenue of more than $33 billion (2000). IBM Global Services integrates IBM’s broad range of capabilities – services, hardware, software and research – to help companies of all sizes realize the full value of information technology. For more information, visit www.ibm.com/services.
About Utilities Kingston
Founded in 1904, Utilities Kingston supplies, distributes and meters electricity, natural gas and water within the city of Kingston, Ontario. With revenue approaching $100 million annually, Utilities Kingston also provides sewer and broadband service for the city. The company is municipally owned and operated. More information is available at www.utilitieskingston.com.
Excelergy delivers the world’s most advanced software products and technologies for inter-company collaboration between businesses operating in restructuring markets, such as the global energy and utility industry. Excelergy’s unique suite of object-based, XML-enabled products includes Excelergy eXACT for automating collaboration among businesses and Excelergy Advanced Business Package for managing multiple revenue streams from complex business units. Excelergy’s North American headquarters are located in Lexington, MA, with its European headquarters located in Bristol, England. More information is available at www.excelergy.com.