Mr. Cristiano Martincigh reports

EDP SELECTS COPPERLEAF FOR ASSET INVESTMENT PLANNING AND PORTFOLIO OPTIMIZATION

Copperleaf Technologies Inc.'s asset investment planning and decision analytics solution has been selected by two of Energias de Portugal's (EDP) distribution businesses, operating in Portugal and Spain.

E-REDES Portugal, the company that manages the electricity distribution network in mainland Portugal, has selected the Copperleaf solution to manage its aging asset population, boost transparency into its planning process and secure the long-term resilience of the network. The electricity distribution system operator serves more than 6.5 million customers across mainland Portugal, spanning a network of 228,000 kilometres.

The objective of this transformative project is to enhance asset management strategies in order to effectively handle the temporal progression of asset failure risk, stemming from the anticipated deterioration of their condition. This will facilitate the development of modernization strategies that, in combination with other investment drivers such as digitalization, electrification and decarbonization, will form the multiyear investment portfolios. Leveraging the Copperleaf tool, E-REDES will refine and fine-tune these portfolios, ultimately delivering greater value for all stakeholders.

"EDP is driven by sustainability, and we are delighted the organization has chosen Copperleaf to support its decarbonization journey," said Cristiano Martincigh, regional director for Southern Europe and Middle East at Copperleaf. "Copperleaf will empower EDP's Portuguese and Spanish distribution companies to manage aging assets, boost transparency into its planning process and enhance investment decision making."

"Like many energy companies, EDP must overcome a number of critical business challenges to achieve net-zero goals," added Stefan Sadnicki, managing director for Copperleaf in Europe, Middle East and Africa (EMEA). "The Copperleaf solution will support the two operators to take a proactive approach to risk management and provide the agility it needs to plan for an uncertain future."

"We are confident that Copperleaf's solution will strengthen and streamline the development of long-term asset management strategies," said Miguel Freitas, head of the asset management strategy department of E-REDES.

Rita Rebelo, strategic planning manager for the high- and medium-voltage networks, added, "Copperleaf will empower our team to effectively create, manage and optimize investment plans to achieve our overarching objectives."

About Copperleaf Technologies Inc.

Copperleaf provides enterprise decision analytics software solutions to companies managing critical infrastructure. It leverages operational and financial data to empower its clients to make investment decisions that deliver the highest business value. What sets Copperleaf apart is its industry-leading products and its commitment to providing extraordinary experiences, shaped by people who care deeply and partnerships that stand the test of time. Copperleaf is actively involved in shaping and implementing global industry standards and sustainability principles through its participation in the United Nations Global Compact, the Institute of Asset Management and other organizations. Headquartered in Vancouver, Canada, Copperleaf's solutions are distributed and supported by regional staff and partners worldwide. Together, the company is transforming how the world sees value.

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