ELEQUANT GAINS NATIONALLY RECOGNIZED TRANSMISSON EXPERT

Bob Stuart, former top PG&E executive, will direct new business efforts

San Francisco, June 13, 2005 – Bob Stuart, a recognized expert in power systems operations and protection, is joining EleQuant, a San Francisco-based technology and software development firm, as the Director of Business Development. Stuart will also serve as the company’s principal transmission and distribution consultant.

“Bob Stuart is a great addition to the EleQuant team,” said Regina Llopis-Rivas, EleQuant's CEO. “His knowledge, experience and reputation will help the company introduce our innovative technology to U.S. utilities. His technical expertise will help EleQuant continue to refine and improve our products.”

Most recently, Stuart served as principal of Transmission and Distribution division for Nexant, an energy consulting firm. Previously, Stuart worked for 35 years for PG&E where he led major initiatives in protection, transmission, control, automation and disturbance analysis.

During his tenure with PG&E, Stuart served as the transmission team lead for the North American Electric Reliability Council (NERC) in investigation of the Northeast August 14th, 2003 blackout. Mr. Stuart also chaired an operating capability study group, after the August 10th blackout on the Western grid in 1996, which developed the methodology and procedures to restore the reliable operation of the Western United States electrical grid

About EleQuant

EleQuant is a wholly-owned subsidiary of the Barcelona, Spain-based technology and software development company, GRUPO AIA. Specializing in solving complex problems for the energy, banking and telecommunications industries, GRUPO AIA is known throughout Europe for developing innovative solutions in areas such as intelligent observation and management of electrical grids, electricity demand forecasting, and river basin hydro-generation optimization.

In 2002, the company launched its U.S. operations with the formation of EleQuant, headquartered in San Francisco. EleQuant provides the company's energy products to utilities, independent system operators, regional transmission operators and other organizations involved with management of electricity grids in the U.S. and Canada. To learn more about EleQuant, visit www.EleQuant.com.

Contacts:

John Sell
EleQuant
415-978-9800, x. 204
john.Sell@elequant.com