London, 6 April 2011

Brady plc, a leading global supplier of trading, risk management and settlement solutions to the energy, metals & softs sectors, announced today that TRE-FOR Energi A/S, based in Denmark has implemented Brady Elviz ETRM solution for its risk reporting and portfolio management.

TRE-FOR Energi A/S is a subsidiary of TRE-FOR A/S, a multi energy distribution company based in Kolding, Denmark, delivering power, water and heating to the Nordic Power and Danish Gas markets.  TRE-FOR Energi A/S handles the company’s power sales. The implementation of Brady Elviz ETRM will provide TRE-FOR Energi A/S with an in-house capability for risk reporting and portfolio management.

Niels Grovn, TRE-FOR Energi A/S, said, “We have been very keen to upgrade our handling of the risk position and using Brady’s solution allows us to do this, giving us a clearer picture of our position and helping us to increase our efficiency and overall processing time.  We selected Brady’s solution for its quick and easy implementation, its already proven ability as the system of choice for other energy companies.”

Gavin Lavelle, CEO of Brady, commented: “The implementation of Brady Elviz ETRM system at TRE-FOR Energi A/S proves that the system can be implemented in a very short time by companies which want to improve the management of their energy risk. As renewable energy comes more on stream, it increases the volatility in a company’s risk exposure, thus creating a greater necessity for and making energy risk management solutions more important. I am delighted TRE-FOR Energi A/S has opted for Brady to manage their risk. Elviz ETRM was the system of choice for a number of reasons, including ease of implementation, out-of-the-box use and positive references from other Brady power clients in Denmark.”

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