July 22, 2002 — Energy Softworx said it has entered into a software license agreement with Reliant Resources to utilize Energy Softworx’ fuels management software (Fuelworx) to manage their North American fuel supply operations.
In making the announcement, Ms. Debra Wohlers, President of Energy Softworx stated “We are delighted that Reliant Resources has selected our software solution. Reliant Resources joins Energy Softworx’s family of power producers who are utilizing our software to manage their physical fuel supply and inventory, on a real time basis, in an effort to reduce the working capital requirements for fuel used in the production of electricity.”
Allan Harper, Director, Solid Fuels at Reliant Resources replied, “Reliant Resources made an intensive examination of software solutions for managing its fuel supply and the Energy Softworx Fuelworx product was ranked ahead of all alternatives. Energy Softworx has a large customer base, proven customer support and they know how to deal with virtually every kind of fuel challenge.” He further stated, “Fuel is the largest variable cost component in generating electricity, and we anticipate that this software will improve our ability to effectively manage our fuel supply costs.”
About Energy Softworx
Energy Softworx provides software solutions for organizations involved in the consumption, sales, and transportation of fuel (i.e., coal, oil, pet coke, natural gas). The company, established in 1992, has licensed products to over 25 leading energy providers.
About Reliant Resources
Reliant Resources, based in Houston, Texas, provides electricity and energy services to wholesale and retail customers in the U.S. and Europe, marketing those services under the Reliant Energy brand name.
The company has more than 21,000 megawatts of power generation capacity in operation, under construction or under contract in the U.S. and nearly 3,500 megawatts of power generation in operation in Western Europe. At the retail level, Reliant Resources provides a complete suite of energy products and services to electricity customers in Texas ranging from residences and small businesses to large commercial, institutional and industrial customers. Reliant Resources currently is a majority-owned subsidiary of Reliant Energy.