25.05.2001

TEKLA AND LATVENERGO SIGNED A CONTRACT FOR POWER DISTRIBUTION NETWORK MANAGEMENT


Tekla Corporation Stock Exchange Release 25.5.2001 at 1.30 p.m. 1(1)




Latvia's national power company Latvenergo, which has close to 100% market share in power distribution in the country and Tekla Corporation have signed a contract based on which Latvenergo will purchase Tekla's Xpower product and related services. Tekla told about the start of the final negotiations for the contract in a stock exchange release earlier this year.

The contract significantly strengthens Tekla's position as the leading supplier of energy distribution network management systems in Northern Europe.

Initially Latvenergo will use Xpower in network management for power distribution in the City of Riga. The enhancement option in the contract enables expansion of the implementation to cover the whole country.

According to Arnis Daugulis, IT Director of Latvenergo, the company aims at significantly improving the operation of its power distribution network through the implementation of Xpower. The new system will also allow the company to streamline its business processes in network operation and development.

Latvenergo is the largest company in Latvia with about 7,000 employees. It covers the whole energy chain consisting of production, transmission and distribution for the entire Latvian Republic. The company serves 1,1 million customers and produces more than 60% of the energy used in Latvia.

Xpower system is based on Tekla's modeling technology and supports the whole life cycle of the network including documentation, network calculations, construction, commissioning, operation, maintenance and customer services. The Xpower system is used globally by more than 70 companies.

Tekla Corporation is the leading supplier of model-based operational software products for infrastructure management in the world. The X product family developed by Tekla is used in energy distribution, building and construction and in public infra. Tekla has subsidiaries or representative offices in 12 countries worldwide and a global partner network. Tekla Group's net sales for 2000 grew by 46.3% compared to the previous year, rising to 26.47 million euros. International operations accounted for 70% of net sales. The company employs approximately 300 persons.








Tekla Corporation
Seppo Ruotsalainen
President and CEO
Tel. + 358 9 8879 590
e-mail: seppo.ruotsalainen@tekla.com




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