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APX Brings Structure to OTC Markets for Environmental Commodities

Company Announces APX Contracts™ and APX Project Track™

Hoboken, NJ - May 19, 2009 - APX Inc., the leading infrastructure provider for environmental and energy markets, today announced two new business services offerings, APX Contracts™ and APX Project Track™, to provide structure and integrity for OTC markets in environmental commodities. APX Contracts provides the first central service for forward contract management and chain of custody confirmation in OTC markets for environmental commodities.

APX Contracts provides a central service for registering, tracking, and managing forward contracts and other contract types across emission reduction and renewable programs, creating structure and integrity for these markets. APX Contracts promotes efficiency and transparency in OTC markets, providing a complete picture of activity with record keeping, reporting, and audit trail capabilities for corporations.
APX Project Track is the source of carbon project information for APX Contracts, and provides a trusted source for comprehensive, up-to-date project data across compliance and voluntary markets.  APX Project Track integrates global carbon project public data from all APX registries as well as other major international voluntary and compliance registries, and tracks projects under a globally unique Universal Project Number (UPN) to ensure integrity.

“Market participants have had few tools to manage the risks that can come from delivery failure, purchase of double sold forwards, or “at risk” contracts for project-based credits,” said Brian Storms, Chairman and CEO, APX Inc. “These new services provide buyers of forward contracts an efficient way to verify ownership and access an auditable chain of custody. Buyers need to know that their offset credits are from a legitimate, authorized, creditworthy seller. We believe OTC markets are vital to well functioning environmental markets, and are pleased to offer purpose-built solutions that provide a proper OTC market structure from their inception.”

APX Contracts and APX Project Track are services of the APX Environmental Management Account™, APX’s flagship offering (See today’s related announcement). It provides a complete suite of solutions for environmental asset and risk management in the new carbon economy – from identifying and implementing an asset acquisition strategy, to conducting transactions and monitoring results, to creating environmental credits that monetize environmental benefits.

APX Contracts and APX Project Track are expected to be available in Q3 2009. Additional services of the APX Environmental Management Account, including single view portfolio management, valuation, transaction, and reporting services, are expected beginning in Q4.

About APX Inc.
APX is the leading infrastructure provider for environmental and energy markets in renewable energy and greenhouse gases, including carbon commodities. APX business services include the APX Environmental Management Account™, a complete suite of solutions for environmental asset and risk management in the new carbon economy. More than 1300 global firms trust APX to create, track, manage, and retire environmental commodities across all renewable energy markets in North America and greenhouse gas markets worldwide. APX also provides technology, strategic consulting, and expert operational services to assist wholesale power market participants reduce costs and improve performance in power scheduling, settlement, market operations, system operations support, and demand response programs. APX is a privately held company.

Contact:
Reiner Musier
APX Inc.
Chief Marketing Officer
617.699.0929 (mobile)
408.517.2177 (office)
rmusier@apx.com