MINNEAPOLIS — November 24, 2008 — Open Access Technology International, Inc. (OATI) is
pleased to announce the successful implementation of the OATI Trade
OptimizerSM,
a solution that enables wind producers to optimize trading and scheduling into the North American
energy Markets. A recent implementation of the Trade Optimizer has enabled a major North
American wind energy producer to automate the scheduling of their wind resources into the
electric grid. This revolutionary product also allows automation of any dynamic resource such
as wind, gas, solar power, and more. The Trade Optimizer can be configured for a
completely automatic solution, without the need for human intervention.
The Trade Optimizer allows the user to predefine calculations that use dynamic market
information to allow the system to calculate the optimal schedule for the energy resource.
Utilizing this market information, the solution imports the forecasted generation schedule
from the wind resource, and then automatically schedules the energy into the highest return
market. The process is done automatically and can be set to perform the process on a daily,
hourly or even inter-hourly basis.
The Trade Optimizer was successfully deployed in conjunction with OATI’s SmartGrid
activities in support of the growing activities within the green energy movement.
OATI (www.oati.com) provides state-of-the-art Energy Transaction and Risk Management,
Transmission Scheduling, Congestion Management; compliance, SmartGrid and Settlement
Systems for the energy industry. OATI webTrader, webTrans, webSmartEnergy,
webCompliance and webTag product lines provide the tools for generation, trading, and
transmission companies for seamless participation across energy markets. OATI serves in
excess of 650 client companies in the energy industry in North America.
For additional information regarding this news release, please contact sales@oati.net.