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Incitec Pivot Selects Triple Point for Commodity Trading, Risk Management, and Logistics

Triple Point Continues Asia-Pacific Expansion by Supporting New Trading Division for #1 Supplier of Fertilizers in Australia

Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that Incitec Pivot Limited (ASX: IPL), the number one supplier of both fertilizers in Australia and explosive products in North America, has selected Commodity XL™ to manage trading, risk management, and logistics within its newly established joint venture global trading division for fertilizers and chemicals -- Quantum Fertilisers.

Quantum joins Triple Point's growing list of leading customers across the Asia-Pacific region including IFFCO (agriculture, United Arab Emirates), DCP Trading Shanghai (base metals, Hong Kong), GUVNL (power, India) and Petronas (oil, Malaysia). Triple Point has grown to more than 250 employees supporting the Asia-Pacific region with offices in Pune, Chennai, Singapore, and Sydney.

An S&P/ASX Top 50 company, IPL is a leading global company which manufactures, markets, and distributes a range of fertilizers, industrial explosives, and related products and services to customers around the world. In June 2008, IPL acquired Dyno Nobel Limited, becoming a global force in nitrogen-based chemical manufacturing. IPL employs approximately 4,500 people and operates dozens of distribution centers and more than 20 manufacturing plants in the USA, Canada, Australia, and Mexico. Additionally, IPL has joint venture operations in Hong Kong, Turkey, South Africa, Malaysia, and China.

In recent years, soft commodity businesses have faced unprecedented volatility in raw material prices, fuel and freight rates, and other supply chain inputs. In support of its new global trading division, IPL required a comprehensive solution to tightly manage supply chain margins, gain real-time, actionable information for proactive decision-making, and mitigate enterprise risk.

"We considered a number of solutions to provide the end-to-end capabilities we required," said James Whiteside, General Manager - Supply Chain & Trading and CEO of Quantum. "Commodity XL provides a comprehensive system to track, measure, and value the buying, selling, hedging, physical delivery, inventory tracking, and invoicing of our agricultural commodities. Ultimately, it was an easy decision; Triple Point was the only solution that met all of our requirements."

Commodity XL is deployed in the Melbourne and Hong Kong offices of Quantum. Quantum is planning to open three additional offices around the world in the next twelve months.

"Quantum's selection of Commodity XL to support the entire transaction lifecycle from trading to risk management to settlement and accounting validates Triple Point's growing dominance in the Asia-Pacific region," said Simon Woods, Chief Customer Officer and Managing Director - Asia Pacific, Triple Point. "We look forward to working with a company of Quantum's caliber."

In addition to Commodity XL, Quantum licensed PhysOps 'Visual Cockpit'™ to provide better control over its supply chain logistics, manage waterborne and overland commodity shipments of bulk and packaged commodities, and support efficient inventory management.

About Triple Point Technology
Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, emissions, base and precious metals, agricultural products, chemicals, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from eleven development and support centers located around the globe. www.tpt.com.