IFS Applications sold to four utilities in deals totaling US$ 4 million

IFS Applications sold to four utilities in deals totaling US$ 4 million Industrial & Financial Systems, IFS, has sold its ERP system, IFS Applications , to yet another Polish and three Norwegian utilities. The total value of the orders amounts to over US$ 4 million. In recent years IFS has signed an increasing number of utilities both in Sweden and internationally. One of Poland's largest utilities, Warsaw Heat and Power Stations, which operates six plants providing power and heating, has chosen IFS Applications for financials, distribution, and maintenance. The system will support 375 users simultaneously. The value of the order amounts to over US$ 3 million. The three Norwegian utilities, Akershus Energiverk, Elverum Energiverk, and Helgeland Kraftlag, will use IFS Applications to reduce the number of manual transactions and rationalize their business processes. The system will also provide management with decision support from, for example, the project, maintenance and distribution processes, in addition to forming the basis for cooperation with other utilities to create synergies with respect to inventory, purchasing, planning, and project management. The total value of the Norwegian orders amounts to approximately US$ 1 million. "IFS Applications is well suited to our business processes here at Akershus Energi. The implementation process, which will be done in cooperation with IFS, involves more than just the technical installation of the system. We will also renew the company's financial, distribution, and maintenance processes. As we are experiencing strong growth, it is important that the system is flexible so that the IT support can be expanded as the company grows. IFS Applications can be adapted to our future needs. Akershus Energi was one of the first companies to adapt to the deregulation of the Norwegian energy market, and we see the use of a modern ERP system as part of this process," explains Eskil Lunde Jensen, financial manager at Akershus Energi. About Warsaw Heat and Power Stations Warsaw Heat and Power Stations produces 24% of all district heating in Poland and 3% of its electrical energy. It has an annual capacity of over 4 TWh electrical energy and over 45,000 TJ thermal energy. The company has 4,330 employees. About Akershus Energi Akershus Energi AS produces, distributes, and trades in energy. With 450 employees, the company reports sales of NOK 1.5 billion. The company owns and operates regional grids and distributes electricity to 68,000 customers. Akershus Energi owns and operates four power stations in Glomma, Norway, and is a partner in a further 12 plants throughout Norway. The company has its own energy production, amounting to 2 TWh. About Helgeland Kraftlag A/L Helgeland Kraftlag A/L does business in three areas: energy production, energy trading, and energy distribution. It also operates a district heating plant in Mo i Rana, Norway. The company has 280 employees and sales of NOK 485 million. About Elverum Energiverk AS Elverum Energiverk AS has three subsidiaries: Elverum Energiverk Nett AS, Elverum Energiverk Omsetning AS, and Elverum Energiverk Produksjon AS. The company has sales of NOK 106 million and 53 employees. Its own production of energy totals 125 GWh. On January 1 1999, Elverum Energiverk was transformed into a limited company which is totally owned by Elverum municipality, Norway. About IFS and IFS Applications Industrial & Financial Systems, IFS AB, develops and supplies IFS Applications, which is a complete Enterprise Resource Planning (ERP) system for business processes in medium-to-large-sized companies. It covers manufacturing, distribution, financials, maintenance management, resource management and engineering. The IFS business concept is to increase the freedom of action and competitiveness of companies by offering standardized business systems based on leading technologies. IFS Applications is one of the first business systems in the market developed entirely using a component-based architecture, which means that it can be readily adapted to the needs of individual customers. The system is equipped to handle the Y2K compliance issues and the introduction of the Euro. IFS is the world's fastest-growing company in the ERP and maintenance software market. The company has 2,000 employees and its products are sold in 32 countries around the world. Some of the more than 1,600 major customers include Volvo, NEC, Akzo Nobel, Caterpillar, Saab, Nikon, Kimball, AlliedSignal, Ericsson, International Paper, Sundstrand Corporation and Rover Group. For further information, contact: Rolf Erichs, Corporate Communications Manager, IFS Telephone: +46 13 13 03 18 Fax: +46 13 12 43 73 E-mail. Rolf@erichs-com.se IFS' web: http://www.ifsab.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/04/22/19990422BIT00290/bit0001.doc http://www.bit.se/bitonline/1999/04/22/19990422BIT00290/bit0002.pdf