11:59 AM EDT, 03/19/2024 (MT Newswires) -- Copperleaf Technologies Inc. ( CPLFF ) said Tuesday that its asset investment planning and decision analytics solution has been selected by two of Energias de Portugal's distribution businesses operating in Portugal and Spain.

Copperleaf ( CPLFF ) said E-REDES Portugal, which manages the electricity distribution network in mainland Portugal, selected the Copperleaf ( CPLFF ) solution to manage its ageing asset population, boost transparency into its planning process, and secure the long-term resilience of the network.

"Copperleaf ( CPLFF ) will empower EDP's Portuguese and Spanish distribution companies to manage ageing assets, boost transparency into its planning process, and enhance investment decision making," said Cristiano Martincigh, regional director for Southern Europe and Middle East at Copperleaf ( CPLFF ).

According to Copperleaf ( CPLFF ), E-REDES Portugal serves more than 6.5 million customers across mainland Portugal, spanning a network of 228,000 kilometers.

"The Copperleaf ( CPLFF ) 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," added Stefan Sadnicki, Managing Director for Copperleaf ( CPLFF ) in Europe, Middle East and Africa.

Copperleaf ( CPLFF ) at last look rose 4.5% in early Tuesday trading.

Price: 6.95, Change: +0.30, Percent Change: +4.51