OATI webTrader Customers Seamlessly Transition to ERCOT Nodal Market

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I am proud of the efforts the OATI ERCOT team put into making this transition easy and successful for our customers who transact in the ERCOT Market.

(Vocus) December 6, 2010

Open Access Technology International, Inc. (OATI) announces that its webTrader customers seamlessly transitioned to the new ERCOT Nodal Market on December 1, 2010. Throughout the study, design, and implementation phases of the new Nodal Market design, OATI personnel have worked closely with ERCOT to make sure that OATI’s webTrader ERCOT Market Solution was fully tested and functional well before the “go-live” date. “I am proud of the efforts the OATI ERCOT team put into making this transition easy and successful for our customers who transact in the ERCOT Market,” Sasan Mokhtari, President and CEO of OATI said, “The dedication the team showed during this long implementation process is an example of the kind of quality products and customer service that OATI customers can expect when these types of changes occur in any of the North American Markets.”

Preparation for a major market redesign, such as the ERCOT Nodal Market, requires a multi-tiered business strategy that addresses the various market challenges. OATI provides Market Participants with an assortment of SAS-70 certified Front-to Back office solutions. OATI’s Software as a Service (SaaS) based deployment model ensures that its ERCOT Nodal Market Solutions are implemented at a fraction of the time and cost of traditional delivered solutions offered by other vendors. In addition, each OATI customer has access to an array of hands-on training sessions and Bidding Strategy seminars tailored to their specific needs.

OATI (http://www.oati.com) is the pioneer of SaaS based, Energy Transaction and Risk Management (ETRM), Bidding and Shadow Settlement for all North American RTOs, Transmission Scheduling, Congestion Management and Compliance systems for the electric and gas industry. OATI webTrader, webTrans, and webTag product lines provide the tools for generation, trading, and transmission companies for seamless participation across energy markets and multiple commodities. OATI was formed in 1995 and has experienced steady growth to the present and is the leading SaaS provider in the North American energy industry. OATI serves in excess of 700 client companies in the electricity and gas industries in North America. OATI is headquartered in Minneapolis, Minnesota.

For additional information regarding this news release, please contact sales(at)oati(dot)net.

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