Triple Point receives Silver Energy Business Award for Excellence in Energy Technology from Commodities Now

WESTPORT, Connecticut, USA – Triple Point Technology, Inc., the leading global supplier of cross-industry software platforms for the supply, trading, marketing, and movement of commodities, announced today that Commodities Now chose it as the 2005 Silver Energy Business Award winner for Excellence in Emerging Technology. The award, the third this year by independent parties, shows continuing industry recognition of Triple Point’s leadership in energy technology.

The award panel singled out Triple Point as “the only software company that can, and has, deployed a single integrated system for physical and financial trading, operations and risk management for all commodities across all global markets.” The award results were published in the March 2006 issue of Commodities Now, specifying that “Triple Point’s Commodity XL™ trading platform manages complete physical and financial trading, risk management, scheduling, settlement and logistics for commodities including power, oil, gas, coal, metals, agri-products and freight on a single, next-generation, front-to-back office platform.”

“We have been growing at a record rate,” said Michael Schwartz, chief marketing officer, Triple Point Technology. “In 2005, we increased revenues 37 percent year-over-year, on top of 15 percent growth in 2004. Not only did we solidify our position as industry leaders in our established markets, but we also strongly enhanced our standing in financial services, softs, and freights. We re-invest over 25% of revenues in research and development to continue providing the highest value to our clients.”

Other recent independent recognition received by Triple Point’s solutions includes the top “User Choice 2006—Trading and Portfolio Management” ranking, "Software House of the Year" and "Top Software Package" by Energy Risk Magazine, and the Connecticut Quality Improvement Award (CQIA) Innovation Prize. Triple Point also was named in 2005 to the Deloitte Fast 50 for a record-breaking eight years in a row.

About Triple Point Technology Inc.
Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities, including power, oil, gas, coal, metals, agricultural products, and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a real-time next-generation platform. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993, and headquartered in Westport, Connecticut, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.