SOLARC FUEL MANAGEMENT SOFTWARE SUPPORTS UNION PACIFIC RAILROAD

HOUSTON (March 28, 2007) - SolArc, Inc., leading provider of supply, trading and risk management solutions for global commodities companies, announced today that Union Pacific Railroad has selected its SolArc RightAngle solution to manage fueling of its locomotives. Among other benefits, SolArc RightAngle will help Union Pacific to:

 

- Provide greater visibility to fuel inventory for managing reliable supply
- Apply advanced intra-day pricing formulation for fuel purchases
- Automate payables accrual and invoice matching to streamline processing
- Manage the fuel supply chain from pipeline scheduling to consumption

 

"One reason we selected SolArc RightAngle for fuel management is because of their experience in working with fuel suppliers," said James Whitaker, director of purchasing-Fuel, Union Pacific Railroad. "The system's ability to manage physical logistics will help address price and potential cost concerns associated with fueling our locomotives."

 

About SolArc
SolArc, Inc. is a customer-driven software company that dramatically streamlines commodity-based businesses. The flagship product, SolArc RightAngle, integrates deal capture, scheduling, inventory management, pricing, accounting, and position reporting and risk analysis in a single platform solution. SolArc's products work with existing information systems including corporate ERP systems to provide customers with a flexible solution that leverages their existing systems' infrastructure.

 

Customers receive competitive advantages from reduced transaction costs and improved commodities procurement and trading decisions based on accurate position reporting and inventory management.

 

Headquartered in Houston, SolArc also has offices in Tulsa, Oklahoma, London, Singapore, Beijing, and Hong Kong.