Brady Regulatory News (BRY)

16 October 2013

Brady plc ("Brady")

New Contract

Brady, the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that MVV Trading GmbH has selected Brady Power Scheduling solution to manage its power scheduling activities in the UK. 

MVV Trading GmbH is a subsidiary of the publicly listed MVV Energie Group (Mannheim), one of Germany's leading energy companies, providing customers with a reliable source of electricity, district heating, gas and water, as well as offering a wide range of green electricity and biogas products. MVV Trading GmbH became the joint energy trading company of MVV Energie AG, Stadtwerke Kiel AG, Energieversorgung Offenbach AG and Stadtwerke Ingolstadt GmbH, as well as the party responsible for the combined risk management of the Group. Through the forging of partnerships and pooling competencies, the company is able to create a basis for efficient, inexpensive and sustainable energy procurement. As the central trading unit, MVV Trading handles and optimises group-wide sales procurement in line with customer and shareholder requirements.

As part of MVV Energy's energy expansion campaign in the UK, which includes the building of a biomass power plant southeast of London, following the work that has already begun building an energy from waste plant in the southwest of England, MVV Energy will be rolling out Brady's Power Scheduling solution to handle its scheduling requirements in the UK market.

Gavin Lavelle, CEO of Brady plc, commented: "We are proud to support MVV Trading, a company that recognises a clean energy expansion plan as well as the need for traditional power supplies, with our robust and flexible solution, which is perfect for companies requiring the ability to be able to perform scheduling within and between a wide range of European markets. This is the second German company that has selected our solution to handle its power scheduling requirements in the UK in the past couple of months and as the previous company is already actively using the solution, we are confident that MVV Energy will very quickly see the benefits".

For further information please contact:

About Brady

Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, soft commodities and agriculturals.

Brady has 25 years' expertise in the commodity markets with over 300 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.

For further information visit: www.bradyplc.com

Brady plc: Twitter/Facebook/LinkedIn