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Abacus Energy Selects SoftSmiths

Houston, TX. – December 22, 2009 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced the selection of their SoftSmiths ERCOT Forecaster application service by Texas Retail Electric Provider, Abacus Resources Energy. SoftSmiths ERCOT Forecaster was chosen by Abacus Energy to automate their forecasting process while supporting their entry into the commercial market.

Abacus Energy is a Dallas based retail electricity provider specializing in residential, multi-family apartments, and businesses.

The SoftSmiths ERCOT Forecaster is an easy-to-use Software-as-a-Services (SaaS) forecasting application for Retail Electric Providers (REPs). The service enables REPS to automatically download and present ERCOT Forecast and Backcast information in user-ready format and immediately calculates Forecast values for short and longer horizons. It allows easy and fast upload of zipped ERCOT settlement level load extracts that users can view in tabular and graphical format and compare this with Forecast and Backcast data.  SoftSmiths ERCOT Forecaster provides energy forecasters the information they need at their finger-tips in an automated fashion.

SoftSmiths’ Software-as-a-Services (SaaS) delivery model provides an automated, web-based environment that helps customers to simplify implementation, accelerate time-to-market and gain ongoing processing efficiencies, while requiring minimal IT support.

“SoftSmiths is excited to welcome Abacus Energy as our customer,” said Hugo Stappers, Director of Sales and Marketing at SoftSmiths. “We look forward working closely with Abacus Energy to support their entry in the ERCOT competitive electricity market.”

About SoftSmiths

SoftSmiths, Inc. delivers critical electronic energy trading and operations solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace. SoftSmiths' proven solutions and in-depth knowledge of the industry's business practices allow its customers to automate manual processes, eliminate redundancies, and increase business visibility across the enterprise to allow faster decision making and more informed decisions, thereby improving profitability, operational efficiencies and cash flow. The company has been successfully delivering e-business solutions to energy service companies since 1997.

SoftSmiths is a registered trademark of SoftSmiths, Inc. All other products are trademarks or registered trademarks of their respective companies.

Contact Information:

SoftSmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186


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