TRIPLE POINT TECHNOLOGY TEAMS WITH SAP TO ENHANCE COMMODITY MANAGEMENT

Wesport, Connecticut, USA - 11 September 2006

Co-Developed Solution Integrates Triple Point’s Trade and Risk Management Functionality to Optimize Value Chain Competitive Advantage and Profitability

Triple Point Technology, the leading global supplier of cross-industry software platforms for the supply, trading, marketing, and movement of commodities, announced today a co-development agreement with SAP AG to deliver Commodity SL™, a solution that improves commodity management while offering a competitive advantage and increased profitability. The new solution, which is based on SAP NetWeaver®, seamlessly integrates real-time market-based portfolio and risk management from Triple Point Technology with SAP’s advanced logistical solutions to deliver best-of-breed application functionality that enables the kind of decision-making today’s commodity markets demand.

“Commodity markets are extremely volatile and complex, and with most efficiencies already squeezed from operating assets such as refineries, the untapped source of increased margins will come from optimizing the supply chain,” said Peter F. Armstrong, president and CEO, Triple Point Technology. “Profit opportunities lie at each node in the supply chain. Do I move the material, sell it, buy spot, or hedge? The only way to make these decisions is to combine the physical supply chain with market-based financial valuations and costs. If you just track the physical movement of commodities, you can only focus on efficiency and cost cutting. When you have the financial information, you can be opportunistic and make buy/sell decisions that enhance profit.”

Holly Corporation, an independent petroleum refiner and marketer, has signed on as the first customer and will provide functional development guidance. The Supply Chain Focus Group, a sub-committee of SAP Oil & Gas Global Industry Advisory Council, consisting of 10 leading companies from the energy industry, is also providing guidance to the development teams. “This is exactly the solution we’ve been looking for, integrating our trading and risk management functions seamlessly with all of our back-office and other operations managed by SAP,” said Mark Evans, director, SAP Projects, Holly Corporation. “By combining real-time financial valuations with physical movements, we’ll be able to make the most of profit opportunities across the whole supply chain. We are thrilled to be the first to do it—it’s going to give us a big competitive advantage.”

"As the market leading software provider to the petroleum, mining, and mill products industries, SAP has always strived to achieve end-to-end business processing from front to middle to back office, said Peter Maier, head of ISM Process Industries, SAP AG. “We have found in Triple Point an ideal complement to our robust supply chain logistics, both in terms of functionality, services-based architecture, and usability."

Unlike other solutions that require multiple systems to be pieced together, Commodity SL will be fully integrated and tested with SAP NetWeaver, providing an aligned maintenance program and the technology platform at a low software lifecycle cost.

Although the pilot project is underway with Holly Corporation, the solution is expected to be globally available in the third quarter of 2007 and will be tailored to the oil industry with the intention of other industries to follow, including gas, coal, metals, agricultural products and freight.

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