JERA Selects Allegro to Manage its Global Trading Operations

SINGAPORE–(BUSINESS WIRE)–Allegro Development Corporation, a leading provider of commodity
management software, today announced that Japan’s JERA Co., Inc., one of
the world’s largest LNG importers, selected Allegro to manage its
trading operation and risk management process.

JERA is a joint venture between TEPCO Fuel & Power, Incorporated (TEPCO
Fuel & Power) and Chubu Electric Power Co., Inc. (“Chubu Electric”), two
of the largest EPCs (Electric Power Company) in Japan. JERA’s goals are
to secure the stable supply of energy on an internationally competitive
basis and to pursue optimum operational efficiency in fuel procurement,
fuel trading and in the running of its thermal power plants.

JERA selected the Allegro solution to achieve the following goals:

  • Establish end-to-end integrated trading risk management processes for
    fuel trading business
  • Gain risk management infrastructure for fuel trading
  • Flexible componentized architecture to roll-out globally and across
    multiple energy commodities

“The Allegro solution has been selected with integrated
functionalities,” said Kazunori Kasai, Vice President, Planning and
Optimization Department, JERA. “Together with Allegro and Allegro’s
partner NDFS, we were able to immediately recognise the company’s unique
domain expertise, high level of knowledge and superior solution.”

“We are thrilled that JERA has chosen Allegro and that we were able to
help the company to meet its business objectives and to increase the
respective enterprise values of TEPCO Fuel & Power and Chubu Electric,”
commented Jonathan English, Managing Director EMEA and APAC, Allegro.
“JERA is a very significant win for Allegro and the catalyst for
continued expansion in Japan.”

About Allegro

Allegro develops and markets integrated commodity management software
providing position visibility, risk management, comprehensive controls
and regulatory compliance. Allegro customers manage commodities from
production to consumption, including oil and gas production, petroleum
refining, agriculture and forestry, mining, chemicals, metals, food,
transportation, commercial and utility sectors. Allegro software is
tailored to the specific needs of each commodity, with a comprehensive
set of features and functions to support profitable decisions. Allegro
is headquartered in Dallas, with offices in Calgary, Dubai, Houston,
Jakarta, London, Kuala Lumpur, Shanghai, Singapore, Sydney and Zurich.

About JERA

Tokyo Electric Power Company, Incorporated (“TEPCO”) and Chubu Electric
Power Co., Inc. jointly established JERA Co., Inc. on April 30, 2015 to
materialise a comprehensive alliance covering the entire energy supply
chain, from upstream investments and fuel procurement through power
generation in accordance with a Joint Venture Agreement signed between
the companies on February 9, 2015. It is the mission of TEPCO and Chubu
Electric to ensure the stable supply of energy on an internationally
competitive basis. It is indispensable for TEPCO and Chubu Electric to
have the ability to compete worldwide in order to fulfill this mission
amid increasing global pressure on natural resources. TEPCO and Chubu
Electric have therefore agreed to establish JERA in order to secure the
stable supply of energy on an internationally competitive basis and also
aim to increase the respective enterprise values of the TEPCO and Chubu
Electric corporate groups through the business activities of JERA.

For more information, please visit www.allegrodev.com.

Contacts

Allegro Development Corporation
Samantha Johnston, +1-214-237-8149
media@allegrodev.com