Czech Republic’s Largest Energy Producer Chooses OpenLink’s Endur Berlin, Germany, December 1, 2005 OpenLink, a leading provider of energy and financial trading and risk management software solutions, announced today that ČEZ, a. s. has licensed Endur, OpenLink’s energy transaction management solution. ČEZ, a. s. is the largest electricity producer and major economic entity in the Czech Republic. ČEZ, a. s. currently ranks among the top ten largest power utilities in Europe.
ČEZ, a. s. has chosen Endur to support their front-, middle-, and back-office energy trading activities, that include cross-border capacity handling. With the combination of Endur and OpenLink’s Active Position Manager (APM), ČEZ can control their physical assets and trading positions. Utilizing Endur’s seamlessly integrated modules allows ČEZ to reduce operational risk significantly. The implementation process is planned in two phases: Electricity Trading and Interfacing. Michal Skalka, Director of Trading at ČEZ, a. s. noted, "After a thorough evaluation of available vendor systems, we concluded that OpenLink’s Endur and APM was the best-suited transaction and risk management solution for our requirements."
Wolfgang Ferse, managing director of OpenLink’s Berlin office commented, "Welcoming ČEZ, a. s. not only enhances our existing client base but also opens a gateway to southern and eastern Europe."
Coleman Fung, founder and CEO of OpenLink also noted, "Forward-looking companies such as ČEZ, a. s. are very adapted to making strategic technology investments for their business needs, selecting a solution that cannot only satisfy today's requirements but also better prepare them for future challenges. We welcome ČEZ, a. s. to our growing family of progressive and rigorous clients that truly appreciate and leverage Endur's advanced capabilities. And we look forward to a long and productive partnership with ČEZ, a. s."