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Sakonnet Technology Extends Services and Licensing Agreements

Beijing/London/New York, 02 January 2012 – Sakonnet Technology announced today that it has extended services and licensing agreement with its key accounts in Europe.

"We're ecstatic that our long standing clients have decided to extend their existing agreements with us." said Eric Min, Chief Executive Officer. "Some of our relationships extend a decade and it shows that we continue to add value to their business. We’ve never focused on the number of clients but rather on the size and quality. This can be a distinct advantage for both parties."

"The new platform in Xenon 5 has been optimized to manage millions of transactions and clients have been impressed by Xenon's new caching implementation for intra-day reporting." said Alarik Myrin, Chief Technology Officer.

US/Europe: Eric Min   eric.min@sknt.com  +44 20 7808 1000
Asia: David Wang   david.wang@sknt.com  +86 10 8441 7982

About Sakonnet Technology
Sakonnet Technology is full service consulting and technology firm focused on trading and risk management solutions in the natural gas, crude oil, power and commodity markets. Sakonnet's consultants provide practical advice on best practice implementation frameworks and have held senior roles at international investment banks, energy and technology companies.

Sakonnet is also the developer of XenonTM, an advanced technology platform specifically designed for trading and risk management. The company is privately-held and has operations in New York, London, Rio de Janeiro and Beijing.

Sakonnet Technology
New York Office        London Office                  Beijing Office
+1 212 343 3170      +44 (0) 20 7808 1000      +86 10 8441 7982