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New York, November 9, 2005 - Sakonnet Technology, the world’s leading provider of subscription-based energy trading and risk management software, today announced the launch of its new website at www.sknt.com. The new site is designed and written to reflect the dynamic nature of the company, the continuing advances in its application, Xenon®, and its growing success within the ETRM software field.

The site profiles Sakonnet’s unique service offerings, including hosting and remote real-time support, Xenon’s functionality and technical aspects, and Sakonnet’s technology partner program. It will also provide information on new activities and upgrades to Xenon through its frequently updated “news plus” section.

Thurstan Bannister, CEO of Sakonnet, said: “Our previous site reflected a much younger organisation. Now we are giving a clear and succinct view of where we stand today, especially our larger scale and focus on software as a service. We also wish to convey the sheer power of a modern platform that covers changing functional needs while staying fast and robust, as well as all the teamwork and energy at Sakonnet that drive our fast releases and high service standards.”

Sakonnet, which has recently grown to 75 staff in London, New York and Rio de Janeiro, has more than five years’ experience of providing subscription based energy trading and risk management software services.

Sakonnet’s corporate clients, which include E.ON Energie and Nuon, benefit from its low-risk licensing model because they avoid the capital costs and risks of conventional upfront fees and later delivery of customized software. Instead, they pay an ‘all-in’ quarterly fee under multi-year Xenon subscription and service agreements. Xenon’s architecture and single source code base allow these clients to obtain substantive new functionality on a frequent, zero-administration basis.

The new site was created in conjunction with New York-based design company, Cullinane, and London-based public relations company, SPARX Communications.

Eric Min

About Sakonnet Technology
Sakonnet Technology is the market leader in Software as a Service (SaaS) for energy trading and risk management. Sakonnet's expert international teams provide an unrivalled level of hosting, support, upgrade and consulting services linked to its advanced Xenon® platform. These services along with Xenon's streamlined interfaces and workflow, transform the end-user experience, resulting in higher productivity, stronger risk control and a trading edge. Sakonnet addresses the needs of energy companies, banks and hedge funds trading in power, natural gas, crude oil and related markets and has offices in New York and London.

Sakonnet Technology
New York Office        London Office                 
+1 212 343 3170      +44 (0) 207 960 6043     

Media Contacts:
Alastair Turner
SPARX Communications
+44 (0)17 5389 3000

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