SOLARC NAMES BOESCH AS MANAGING DIRECTOR, RISK SOLUTIONS

HOUSTON (December 03, 2010) - Richard Boesch, PhD, has joined SolArc (www.solarc.com) as managing director of risk solutions.

Boesch brings a wealth of experience in designing and developing commodity trading and risk management (CTRM) solutions to his position at SolArc, where he will be responsible for leading the creation of the company's next generation of real-time risk products.

"Rick has a long and distinguished history of developing trading and risk applications that help companies better understand and control their price exposure to volatile commodity prices," said SolArc CEO Brad Anderson. "His in-depth knowledge of complex derivative risk quantification - and his expertise in creating a number of systems to manage that risk over the course of his career - are unparalleled. We are extremely pleased to have him join the SolArc team, working with us to provide common-sense tools for traders and risk managers."

Prior to joining SolArc, Boesch held leadership roles at Credit Suisse, Deutsche Bank and Sungard Kiodex/Assent. At each of those organizations, he was directly responsible for the design and construction of systems to support front office trading of physical and financial commodities.

Boesch earned a PhD in theoretical condensed matter physics and a bachelor's degree in physics and mathematics from Boston University. Early in his career, he was an assistant professor of physics at the University of Dijon in Dijon, France.

Boesch's background in mathematics and physics has enabled him to specialize in modeling complex derivative risk. He has experience in a wide range of asset classes across a variety of market participants, from highly speculative traders to very conservative hedgers. At SolArc, Boesch's experience in designing risk solutions for energy traders/producers/consumers will be especially valuable in providing clients with a thorough risk management solution.

"SolArc's existing suite of CTRM systems is proven to increase operational effectiveness and enhance profitability," said Boesch. "Our goal is to continue to enhance these leading-edge applications to help companies of all sizes solve the challenges involved in physical or financial commodities trading. We are going to move forward aggressively to deliver on our vision of ‘CTRM 2.0' in support of the global commodities community."

About SolArc

SolArc, Inc. is a global provider of commodity trading and risk management solutions for leading companies in commodity-intensive markets. SolArc's integrated software solution offers customers greater insight and control over their complex commodity supply and trading environments, delivering increased operational effectiveness and profitability at lower risk.

Since 1991, SolArc has become a trusted solution provider for an international clientele of more than 80 leading corporations across a range of vertical industries, including energy, transportation, finance, aviation, agriculture and consumer goods around the globe. SolArc is headquartered in Houston and has offices in Tulsa, Dallas, New York City, London and Singapore. For more information, visit www.solarc.com.

The SolArc logo is a registered trademark and SolArc is a trademark of SolArc, Inc. All other marks, names and logos used or referred to herein are the property of their respective owners.

Contacts
SolArc, Inc.
Tami Greenlee, 713-260-5151
tgreenlee@solarc.com