Brady Energy selected by Freepoint for power scheduling

London, 16 May 2012

Brady plc, a leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today that Freepoint, a physical commodity trading and marketing company, has selected Brady Energy's EU and UK power scheduling solution to handle its power scheduling requirements in the UK, Germany, France, Czech Republic, Slovakia, Hungary, Romania, Austria, Netherlands and Belgium.

Established in 2011, Freepoint operates globally in the gas, power, oil and coal markets and has recently agreed to acquire JP Morgan’s metal concentrates business, emphasizing the company’s vision of creating a multi-commodity physical trading business.

The Brady Energy Power Scheduling solution will be employed by Freepoint’s European Energy team in London, facilitating an automated power scheduling process in each of the markets that they serve.

Gavin Lavelle, CEO of Brady commented: “We are delighted to have been selected as the partner of choice by Freepoint in the energy space, which further enhances our position as the largest European-headquartered provider of commodities trading and risk management software by revenues.”

Ends --