(Source: Business Wire)IFS, the global enterprise applications company, today announced that Brookfield Renewable Power, a Canadian generator of clean, low cost and renewable energy, will implement IFS Applications to streamline its business processes among its multiple legal entities in Canada, the United States and Brazil. Brookfield Renewable Power will be implementing IFS Financials, Distribution, Maintenance, Project Management, Document Management and HR.

"Our current enterprise solution was too restrictive to support our current needs and plans for future growth," Brookfield Renewable Power CIO Kevin Hall said. "We needed to look for a new solution, one that was more focused on Enterprise Asset Management (EAM) and had a strong financial suite. IFS offered the best integrated enterprise solution we could find, with best of breed maintenance solutions."

"IFS got its start in the utilities industry, and has always been committed to providing the best enterprise software solution for power generation, transmission and distribution companies," IFS North America President Cindy Jaudon said. "We realize that these utilities need to maximize return on investment in their capital assets. That is why we strive to help them not only ensure maximum uptime, but provide real-time asset information that lets them make the best decisions for rate payers and other stakeholders."

IFS targets the energy and utilities industry and has more than 140 customers involved in power generation, transmission and distribution as well as water and sewage. These include the world's largest hydropower plant, Three Gorges (P. R. China), nuclear power plants OKG (Sweden), PBMR (South Africa) and Qinshan (P. R. China), grid operators such as Svenska Kraftnät (Sweden), Statnett (Norway) and TenneT (The Netherlands) as well as distributors such as Vattenfall (Sweden) and Hafslund (Norway). Reliable and safe asset management and workforce management are critical processes in the energy and utility industry, to which IFS has provided solutions for more than 20 years.

About Brookfield Renewable Power

Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities. Its total portfolio includes more than 165 generating facilities with approximately 4,100 megawatts of capacity. It also has a significant hydroelectric and wind project pipeline. Brookfield Renewable Power's operations are primarily located in North America and Brazil. Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has approximately US$80 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on Euronext Amsterdam under the symbol BAMA. For more information, please visit Brookfield Renewable Power's website at www.brookfieldpower.com and Brookfield Asset Management's website at www.brookfield.com.

About IFS

IFS is a public company (OMXS: IFS) founded in 1983 that develops, supplies, and implements IFS Applications, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in more than 50 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,700 employees and net revenue in 2008 was $383 million. More information on IFS is available at www.IFSWORLD.com.

IFS Applications is a trademark of Industrial and Financial Systems, IFS AB (publ). All other referenced company or product names are trademarks or registered trademarks of their respective owners. The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on October 2, 2009, at 9 a.m. CST.

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