Power Engineering - Triple Point launches Tango XL

17 March 2004 - Triple Point Technology, Inc., the leading provider of commodity trading solutions designed to reduce transaction costs, increase efficiencies, and measure and monitor market risk, today announced the launch of Tango XL, the company's next-generation multi-commodity risk and trade management solution for mid-sized organizations.

Tango XL gives commodity importers, exporters, producers, refiners, manufacturers, distributors, hedge funds, and global traders the tools they need to manage the risks inherent in the purchase, sale, and delivery of commodities such as crude oil, refined petroleum products, fuels, petrochemicals, coal, NGLs, freight and capacity, base metals, meat and dairy products, grains, sugar, and lumber. The software streamlines transaction processing and provides functionality across the entire transaction and supply chain to reduce costs, improve customer service, and open access to business critical management data and analysis. The implementation of Tango XL gives an organization the ability to introduce and enforce the "best practices" of the world's leading commodity trading operations.

Tango XL is the successor product to the company's TANGO system, which was launched in 2000 and has been licensed by regional and global traders of commodities such as the Austrian-based OMV Supply & Trading, central Pennsylvania's Shipley Energy, Sabic Europe, and Pilot Travel Centers. The new system adds sophisticated portfolio scenario analysis; dynamic decision support and management reporting capabilities; Internet connectivity; XML messaging for open access and ease of integration; and out-of-the-box vertical market (airline, c-store, heating oil distributor, hedge fund, refiner) support.

Tango XL was specially designed to meet the needs of mid-sized organizations. These companies often require the complete range of functionality that a fully integrated trading system offers, but do not have a high transaction volume or require the scalability provided by Triple Point's larger enterprise solution, Tempest XL.

Users of Tango XL can deploy the system internally in the traditional fashion or may elect to employ Triple Point to provide hosting and deployment services from its commodity trading ASP center (TP-ASP) in Irvine, California. TP-ASP is a state-of-the-art, secure, offsite data center offering high-speed, redundant Internet access. Triple Point clients choose to outsource support and system administration responsibilities to TP-ASP so they can focus on trading and marketing activities that directly affect business profitability. TP-ASP hosted solutions give trading companies the ability to fix IT infrastructure costs, align expenses with expected returns on investment, and benefit from cutting-edge technology without purchasing new servers, equipment, or security.

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