Top Singapore Based Utility Selects OATI Solutions for Commodity Trading and Risk Management
Sep 19, 2016
Open Access Technology International, Inc. (OATI) announces international growth in Southeast Asia following decades of energy industry experience in North America and India.
Minneapolis, MN: September 19, 2016 – OATI is pleased to announce its first international contract in the Asia-Pacific region with a top Singapore based utility. The Singapore utility selected the comprehensive OATI Commodity Trading and Risk Management (CTRM) software solution and OATI’s Advanced Optimization Toolset. This success follows the development of OATI Singapore, an affiliated organization to OATI, formed specifically to address the needs of the evolving Asian and Pacific energy markets.
OATI webCTRM is a first of its kind, fully integrated trading, risk, and optimization system that will supply the Singapore utility with enterprise-wide solutions from Generation Management to Trading and Risk Management. The Advanced Optimization toolset involves OATI’s newest components for cost minimization, profit maximization, and other custom modules for the Singapore Energy Market. OATI webCTRM provides the Singapore utility with operational efficiency and transparency for deal capture, scheduling, accounting, and risk management capabilities, as well as the ability for multiple business units within the organization to access the same data at the same time.
OATI’s success with the Singapore utility is a direct reflection of OATI’s commitment to the industry as well as its remarkable growth in North America and India. OATI will be providing solutions that will carry Singapore’s power producers from a commercial and industrial client base to an eventual Full Retail Contestability (FRC) environment, which contains flexible tools built to support and scale with the deregulation of the Singapore power market. The OATI Singapore office will provide regional outreach to Asian and Pacific markets for OATI products and services.
“OATI is committed to supporting the industry internationally with energy and commodity trading tools,” said Jaspreet Singh, Vice President Operations - Asia Pacific “Through industry expertise and leadership, I am confident this is a step in the right direction for both OATI and the international markets we will be supporting.”
OATI provides innovative software solutions that simplify, streamline, and empower the operational tasks required in today’s energy commerce and Smart Grid. With more than 1,600 customers in North America, OATI successfully deploys large, complicated, and diverse mission-critical applications committed to industry standards and stringent NERC CIP guidelines.
OATI (www.oati.com) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota, with an office in Redwood City, California. For more information, please contact firstname.lastname@example.org.