“We needed to replace our present systems with a system that could improve the efficiency of our critical processes and keep pace with the needs of our growing company. Allegro 8 will allow us to optimize our operations with credit, contract and data management, exposure monitoring, simulation tools and flexible reporting.”

Eesti Energia

Allegro received the Energy Business Awards 2008 Gold Award for Excellence in Energy Technology

Allegro ETRM Solution Wins Top Award in Energy Technology

DALLAS, Texas, January 5, 2009 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions, announced today that it has received the Energy Business Awards 2008 Gold Award for Excellence in Energy Technology.

The Energy Business Awards recognize companies making a significant impact on the way energy

business is conducted. Allegro was selected for The Gold Award for Excellence in Energy Technology for its substantial contribution to improving trading efficiency and effectiveness through deep energy industry knowledge and integrated solutions.

Guy Isherwood, publisher and editor of Commodities Now magazine and co-founder of the Energy Business Awards said, “Evidenced by this award, the industry believes Allegro clearly understands the complexities and the ever-evolving needs of companies participating in energy markets, and continues to pave the way in the development of innovative energy technology.”

“For twenty-four years, Allegro has been at the forefront of energy technology, where we have worked continuously to anticipate market changes and needs, and develop offerings that provide our customers with the technology that gives them the competitive edge and a measurable return on investment,” states Eldon Klaassen, Allegro CEO and founder. “We are extremely pleased to receive this award as acknowledgement of our ongoing commitment to advancing the technology that drives energy trading and risk management.”

The Energy Business Awards are organized by Commodities Now magazine and The Energy Partnership, a market intelligence firm and energy advisory service. Energy industry practitioners and other relevant institutions nominated companies to recognize advancements of energy business expertise in a variety of categories. The second phase involved online voting on five nominees in each category determined by the Awards Panel.

For more than two decades, energy companies have relied on Allegro’s proven commodity solutions to increase the transparency and efficiency of trading processes across front, middle and back offices.  Allegro’s latest release, Allegro 8, provides unparalleled flexibility and functionality through an Interactive Trading Environment (ITE), connectivity with twenty-two of the world’s most liquid commodity exchanges, and the power of grid computing.  With Allegro’s technology platform and advanced analytics, users achieve the highest quality of trade execution.

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Samantha Johnston at media@allegrodev.com or +1.214.237.8149.

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