Press Center

APX Launches Enhanced Transaction Platform for North American Energy Markets

APX MarketSuite™ Enables One-Stop ISO Scheduling and Settlement Services

Santa Clara, CA - June 19, 2008 - APX, Inc., the leading infrastructure provider for environmental and energy markets, today announced it has launched the APX MarketSuite™, a new, platform solution that provides energy market participants with a trusted data infrastructure for Independent System Operator (ISO) transactions. The APX MarketSuite builds on proven, trusted market technology to pro­vide secure, robust application functionality for all scheduling and settlement business processes related to ISO market participation.

The easy-to-use, Web-based solution reduces costs and provides rapid market entry for market participants that require ISO scheduling and settlement services, including financial services companies, utilities and power developers. The APX MarketSuite contains software features and standard interfaces that enhance ISO communications and help participants better analyze market outcomes in real-time. For critical business intelligence, dashboards and reports provide the ability to analyze all historical activity, providing the insight necessary for effective planning.

“The APX MarketSuite is intuitive, while still providing the high level of functionality required to help us meet the demanding new ERCOT nodal market testing timelines,” said Matt Fahey, Real Time Energy Manager, International Power America.  “APX has been providing us with superb scheduling and settlement technology for years and the new APX MarketSuite will support us as Texas launches the new nodal market later this year.”

“The new platform’s capabilities transform the ISO scheduling and settlement process, making it easier for North American market participants to manage their transactions – from submission to validation,” said John Melby, President of APX.  “The release of the APX MarketSuite is an exciting step in the expansion of our next generation technology. This technology is a perfect complement to the comprehensive services of our neutral, 24/7 market operations center and allows us to increase the value we provide to our clients.”

To access the APX MarketSuite, users need only a web browser and computer – no enterprise servers, no data center storage, and no complex software installation and upgrades.  With this Software as a Service (SaaS) model users benefit from a minimal initial investment and reduced total cost of ownership while having the ability to rapidly deploy and quickly scale enhanced functionality as needed.  Business continuity is assured for market participants through redundant facilities, systems, and 24/7 access and monitoring.

About APX, Inc.
APX provides trusted transaction and data infrastructure, 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 also the leading infrastructure provider for environmental markets in renewable energy and greenhouse gases including carbon commodities. The company is the system of choice for every major renewable energy market in North America and greenhouse gas markets worldwide. A privately held company, APX is headquartered in Santa Clara, CA.

Contacts:
Reiner Musier
APX, Inc.
617.699.0929
rmusier@apx.com