6th Jul 2011 07:00
6 July 2011
Brady plc ("Brady" or the "Company")
New Contract
Brady, the leading global supplier of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors, is pleased to announce that one of its key clients and one of the world's largest producers and suppliers of oil and gas based in Scandinavia, has expanded the scope of its contract with Brady to add further functionality to its Energy Solution.
Functionality of the Energy solution, which manages trading and risk management positions, has been extended to cover Schedule Management by interfacing Brady Balancing and Scheduling Managers with the EDIS system from Syseca, which offers a flexible solution for electricity market participants. Our client will be employing the extended product for scheduling in the Netherlands and Germany.
Gavin Lavelle, CEO of Brady plc said: "After a thorough testing phase, we are delighted that our client has shown further confidence in Brady and we firmly believe that by extending our energy solution into areas such as scheduling, through close co-operation with partners such as Syseca, we are able to deepen our relationship with our valuable customers, and expand our offering."
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director | Telephone: +44 (0)1223 479479 |
Cenkos Securities plc Ivonne Cantu / Camilla Hume
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Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Samantha Robbins | Telephone: +44 (0)20 7566 6720
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About Brady
Brady plc (BRY.L) is a leading global provider of trading and risk management software to the worldwide commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, softs and agriculturals.
Brady has 25 years' expertise in the commodity markets with over 150 customers worldwide, including some of the largest financial institutions, producers and mining corporations which depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest miners, refiners and producers, trading companies, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers. For further information visit: www.bradyplc.com
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