Pomax Power Logistics PENS goes East

Halden, Norway - 25 October 2010

Navita Systems (Norway) to expand market connections for its POMAX PENS power scheduling tool to Hungary, Slovakia and Czech Republic. Power market participants will have the capability to schedule power across Europe with a proven, out-of-the-box tool.

Navita Systems, Halden, Norway is a leading provider of ECTRM systems for the global energy and commodity trading community and provider of the widely deployed POMAX PENS power scheduling tool. The company announced today the upcoming releases of market connections for POMAX PENS for Hungary, Slovakia and Czech Republic. This will allow current and future customers of POMAX PENS to schedule power in more than 10 countries in Europe with a proven, out-of-the-box tool. The new market connections are part of Navita’s longer-term strategy of developing PENS EU to support all significant market openings and market changes in the European power markets, and with a particular focus on Central and Eastern Europe. Reducing operational risk.

“We believe there is strong business case to be made for using a single, out-of-the-box tool for scheduling power in Europe, especially for players with a need to schedule power across many markets. This business case is typically driven by shorter time to market, reduced operational risk, and simply reduced system life cycle cost, and is becoming more and more apparent with the continuous opening of new markets and with more and more players seeing profit opportunities in these new markets. We are proud to have some of the most innovative and aggressive players in the European power markets with us as pilot customers for this important building stone in our longer-term roadmap” said Mike Dineen, Managing Director in Navita Scotland, Ltd., part of the Navita group.

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