Green Star Alternative Energy Announces Notos to Develop Power Trading Software Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) is pleased to announce that Notos d.o.o is developing a new and proprietary power trading software. This software will be created with cooperation from the University of Belgrade’s Electro-Technical Faculty and the Faculty of Organizational Sciences. It will be powered by advanced algorithmic technology and will be compatible with the current DAMAS software used by Elektromreza Srbije, EMS - the electrical transmission system and market operator in the Republic of Serbia.
The University of Belgrade’s ETF software team has received international acclaim for their programming capabilities. The group placed sixth in last year’s ‘Imagine Cup’ – the world’s premier student technology competition that is sponsored by the United Nations Educational, Scientific and Cultural Organization (UNESCO) and by Microsoft. The international event hosted fifty-five teams from around the world that represented the brightest minds in software design. This group will assist Notos in producing a proprietary software that will improve power trading efficiency and logistics.
Miodrag Andric, President of Notos, stated: “We wish to improve Notos’ position and capabilities within the power trading market. To that end, we will be developing new software that will provide us with greater effectiveness and competitive advantage.”
J. M. De Castro, CFO of Green Star Alternative Energy, commented: “The Company recognizes the need to differentiate itself from its competitors. We will continue to develop products and strategies that will set us apart.”
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