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SAKONNET TECHNOLOGY TRANSFORMS CONNECTIVITY WITH RELEASE OF XenonXIP AND XenonXDK

XENON INTEGRATION PLATFORM TRANSFORMS CONNECTIVITY
OF SAKONNET'S XENON® ENERGY TRADING AND RISK APPLICATION

New York, November 14, 2006 - Sakonnet Technology, the leading provider of energy trading and risk systems under the Software as a Service (SaaS) model, announced today its production release of XenonXIP (Xenon Integration Platform) and XenonXDK (Xenon Developer's Kit), which enable efficient and flexible flows of data between Sakonnet's Xenon® application, and clients' other trading-related data sources and systems.

XenonXIP

XenonXIP is an enterprise service bus for handling electronic data transmission between Xenon and customers' other platforms and systems. This middleware application is based on the Apache ServiceMix open source solution for messaging. XenonXIP will be used for robust interfacing to standard energy industry platforms, including Trayport, the ICE and Reuters, and also for creating new interfaces to meet client-specific needs. XenonXIP uses state-of-the-art approaches and technologies to ensure excellent quality of services, e.g., for monitoring and extending interfaces.

"Traders now need myriad links to exchanges, brokers and price sources" said Alarik Myrin CTO of Sakonnet. "XenonXIP allows this and is easy to set up, maintain and upgrade. This new application, which was largely designed and written in our Rio office, brings together Sakonnet's energy market expertise with powerful Java open source technologies."

XenonXDK

Sakonnet is simultaneously releasing XenonXDK (Xenon Developer's Kit), a Java API or component which will be used by Sakonnet and made available to its clients, to assist in building new interfaces, either using XenonXIP or independently.

"Along with XenonXIP, XDK helps solve the complexities involved in forging communication between Xenon and other systems" Alarik Myrin commented. "It encapsulates common tasks our clients’ Java developers encounter when using our interface, making it easier for them to ensure a particular link’s long-term robustness."

Sakonnet has published a White Paper on XenonXIP and XenonXDK, "Promoting Platform Connectivity and Openness: the Xenon Integration Platform and the Xenon Developer's Kit" by Timothy High, Technical Architect at Sakonnet. It can be found at the Sakonnet web site.

CONTACT:
Eric Min
eric.min@sknt.com


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
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