Powel Selects Best Year Yet to Drive North America Strategy

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Amp Performance LLC of Minneapolis, MN announced that Powel Inc. (subsidiary of Powel ASA) has selected the Best Year Yet™ system to align their people with the 2008 strategy. The year-long project will use the PRO™ portal to communicate progress on the strategic plan, capture the accountability, and prioritize the activities for the Powel Inc. leadership team.

Amp Performance LLC of Minneapolis, MN announced that Powel Inc. (subsidiary of Powel ASA) has selected the Best Year Yet™ system to align their people with the 2008 strategy. The year-long project will use the PRO™ portal to communicate progress on the strategic plan, capture the accountability, and prioritize the activities for the Powel Inc. leadership team.

"The North American team of Powel needs to service the unique needs of our geography while leveraging our utility experience from around the world. As the new CEO, it is critical that I quickly understand my team, what lessons they have learned, and how we can apply it to our client needs for today and tomorrow." said Scott Rogers, CEO of Powel Inc. "By helping utilities work smarter, Powel's mobile work management solutions drive down costs for utilities. Amp Performance and the Best Year Yet system will help us focus on our core competencies while ensuring our client partnership create new breakthroughs. "

Jeff Baumer, President of Amp Performance, noted that "new CEO's today must be able to understand quickly the strengths and weaknesses in the organization, build trust, and put together a realistic plan. By using the Best Year Yet system, the Powel leadership team will have a simple, accessible dashboard of progress on their strategy. This level of reporting goes beyond the financials to show how the team is progressing with new initiatives - internal and external. It structures a continuous process of dialogue and discipline to ensure accountability toward results."

About Amp Performance:
Amp Performance is built exclusively around helping executive teams execute their strategy. As a U.S. licensee of the Best Year Yet system, Amp Performance utilizes a proven methodology and tools to cascade the strategic goals throughout the organization and drive up to 30% improvement in the bottom line. Since 1990, Best Year Yet has helped thousands of clients by creating accountability, alignment, and behavior to exceed their strategic goals. More information is available at http://www.iterativestrategy.com

About Powel, Inc.:
Powel, a world leader in utility decision support solutions, develops sophisticated energy management systems for customers in transmission and distribution, generation, and meter data management. The solutions combine advanced functionality with high reliability to help utilities manage and reduce costs, maximize efficiency, and bring customer service to new levels. Powel, Inc. is wholly owned subsidiary of Powel ASA and traded publicly on the Oslo Børs exchange (POWEL). http://www.powel.com

Best Year Yet®, Your Best Year Yet®, Producing Results®, and Producing Results Online® are registered service marks of Best Year Yet LLC.

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Jeff Baumer

Frederik ten Sythoff
Powel
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