Comverge Announces $7MM Sole Source Contract With Major U.S. Utility For Web-Based SuperStats(TM)
08 Dezember 2004 - 11:23PM
PR Newswire (US)
Comverge Announces $7MM Sole Source Contract With Major U.S.
Utility For Web-Based SuperStats(TM) EAST HANOVER, N.J., Dec. 8
/PRNewswire/ -- Comverge, Inc. announced today that is has been
awarded a sole source contract worth approximately $7MM from a
major U.S. utility. The contract supports an expanded deployment of
Comverge's SuperStat(TM) product in the utility's residential peak
load management program. According to Bud Vos, VP of Marketing for
Comverge, "this contract is another positive indication that peak
load control programs are becoming a critical part of utilities'
overall load management strategies. Among an array of available
technologies, digital programmable thermostats have proven to be a
successful tool in implementing these programs." Jointly developed
by Comverge and a leading international thermostat manufacturer,
the SuperStat(TM) is a programmable digital thermostat that has an
integrated wireless communications module. In the event of a severe
peak load period, the utility is able to remotely contact the
thermostat and direct it to very efficiently cycle the home owner's
air conditioners, enabling the utility to avoid peak operating
charges and potential brownouts with virtually no disruption to the
homeowner's comfort. In this utility-marketed program, the
ratepayer receives a free thermostat, including in-home
installation, and the gratification associated with being involved
in an environmentally- friendly program that will reduce the need
for additional generating capacity. Comverge will be releasing
their advanced web-based program participant interface in concert
with this deployment. This easily accessible website will provide
program participants with an intuitive interface for setting their
SuperStat(TM) parameters, program operations reports, and override
settings. "Shifting electric loads off the peak periods makes good
economic sense for ratepayers and all utilities whether
municipally, investor, or co- operative owned," said Frank
Magnotti, President of Global Sales & Marketing for Comverge.
"Our SuperStats(TM) combined with our communication and load
control expertise present utilities with a compelling,
environmentally- friendly, and economic alternative to expanding
their energy capacity. Load Management programs are increasingly
becoming an integral part of many utilities' long-range integrated
resource plans." About Comverge, Inc. Comverge, Inc., The Power in
Power Technology(TM), is a leading energy intelligence company
whose investors include Nth Power, EnerTech Capital, Data Systems
& Software, Inc. (NASDAQ:DSSI), E.ON Venture Partners GmbH
(NYSE: EON), Ridgewood Capital, Easton Hunt Capital Partners, L.P.,
Norsk Hydro Technology Ventures (NYSE:NHY), Rockport Capital
Partners, and Shell Internet Ventures, an affiliate of the Royal
Dutch/Shell Group of Companies. Comverge is represented across the
world with offices and research facilities in Atlanta, Georgia;
East Hanover, NJ; Newark, California; Pensacola, Florida; and Tel
Aviv, Israel. Providing software and system solutions to over 500
clients in the electric utility industry, Comverge implements both
integrated and outsourced solution based models for remote meter
reading, distributed generation monitoring, and time-of-use billing
and demand response, and direct or voluntary load control
initiatives. For more information visit http://www.comverge.com/.
Media Contact At Comverge, Bud Vos, Vice President of Marketing,
973.884.5970, DATASOURCE: Comverge, Inc. CONTACT: Media Contact,
Bud Vos, Vice President of Marketing of Comverge, +1-973-884-5970,
Web site: http://www.comverge.com/
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