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FOR IMMEDIATE RELEASE
Genscape Inc. Has 200% YTD Customer Growth
Nation's Top Energy Traders Subscribe for
Valuable Information Service
LOUISVILLE, KY. (April 17, 2002) - Genscape
Inc. (www.genscape.com), the originator of real-time power
supply information throughout the United States, announced that
the company has tripled its customer base thus far in 2002.
Currently, more than 25 of the nation's largest energy traders
have subscribed to Genscape Power Version 2.0 or are engaged in
pre-subscription testing.
"Response to Genscape's product since January has been
strong, confirming the value of Genscape's real-time power
supply information to energy markets. Despite the mild fall and
winter, companies such as Aquila and Cinergy place considerable
value on Genscape's real-time supply information." said
Sean O'Leary, Chief Marketing Officer and co-founder of Genscape.
"A growing list of Genscape Power Version 2.0 users has
seen the value of Genscape's real-time power supply information
year-round, not just in the more volatile, upcoming summer
months. Genscape expects this summer to be a period of rapid new
client acquisition, as Genscape's plant monitoring network in
the U.S. nears completion. Also encouraging is the amount of
regional utility interest in Genscape's products." said
Mike McAuliffe, Vice President of Sales and Marketing at
Genscape.
GENSCAPE TECHNOLOGY
Genscape's information gathering and
distribution system relies primarily on a proprietary,
patent-pending technology to monitor the real-time outputs of
the United States' important power plants and high-voltage
transmission lines. Information reported to customers includes
highly accurate estimates of the real-time electrical output for
power plants; power flows over strategic transmission paths, and
associated information.
ABOUT THE COMPANY
Genscape Inc. is the originator of real-time
power supply information to support decision-making for energy
traders, power plant and line owners and operators, regulators,
and other energy market participants.
For More Information: Michael McAuliffe, VP of
Sales and Marketing (502-583-4315) michael@genscape.com
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