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EAST HANOVER, N.J., Feb 03, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Comverge, Inc. (Nasdaq: COMV), a leading provider of smart grid, demand management and energy efficiency solutions, today announced the release of its Apollo(R) Demand Response Management System, a SmartGrid industry first. Designed for direct load control, price response, and messaging, the Apollo Platform(R) will manage residential and commercial demand management resources, while incorporating capabilities for plug-in hybrid and Electric Vehicle control, renewable resource management and future SmartGrid resources as they become part of their utility customers' portfolio of assets.
Apollo has already garnered significant industry acceptance; it is a key element of the Progress Energy Carolina EnergyWise(TM) demand response system to be designed and built by Comverge. Apollo will also be deployed by PEPCO Holdings, Inc.. Comverge customers currently operating the Comverge LMS system will have the opportunity to migrate to the powerful and versatile Apollo platform.
Key features of the upcoming Apollo Platform include:
-- Open architecture based on enterprise software standards using the
latest in web technologies.
-- Seamless management of assets including demand response control devices,
programmable communicating thermostats, in-home displays, commercial and
industrial control systems, PHEVs and renewable energy resources.
-- Intuitive operations providing system operators pin-point load reduction
information.
-- Compliant with NERC security standards.
-- Integrated support for a variety of communicating devices and legacy
demand response equipment,
-- Real-time operational performance analysis and optimization
capabilities.
-- Web Service based architecture for integration with Advanced Metering
Infrastructure (AMI) and other utility back office systems, regardless
of the communication method or network.
"With Apollo, utilities will be able to further leverage their smart grid investments using a state-of-the-art platform. As the cornerstone of Comverge's new breed of applications and systems, Apollo will provide our customers with a transitional platform that supports the traditional demand response systems of today yet is capable of integrating AMI and SmartGrid systems of the future," said Bud Vos, Comverge's Chief Technology Officer. Mr. Vos added, "For the first time, Apollo users will be able to enjoy an integrated experience - ranging from customer service, utility operations, customer portals and program administration - that enables scalable utility operations for the SmartGrid. Comverge welcomes our customers to learn more about the innovative Apollo platform at our DistribuTECH Exhibition booth number 320, where we will be demonstrating Apollo's unique features.
Robert M. Chiste, chairman, president and CEO of Comverge, stated "We welcome the opportunity to take this leadership position by introducing Apollo as another important stepping stone to advance AMI and smart grid applications and deployments."
About Comverge
Comverge, with over 2200 megawatts of clean energy capacity under management, is a leading provider of clean energy solutions that improve grid reliability and supply electric capacity on a more cost effective basis than conventional alternatives by reducing base load and peak load energy consumption. For more information, visit www.comverge.com. Apollo and Apollo Platform are registered trademarks of Comverge, Inc.
For Comverge Investors
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These forward looking statements include deployment of the Apollo system by utilities, integration of the Apollo system with other technologies, including future technologies, implementation and operation of the software, and certain assumptions upon which such forward-looking statements are based. The forward-looking statements in this release are not, and do not constitute historical facts, do not constitute guarantees of future performance and involve a number of factors that could cause actual results to differ materially, including risks associated with Comverge's business involving our products, the development and distribution of our products and related services, regulatory changes, grid operator rule changes, economic and competitive factors, our key strategic relationships, and other risks more fully described in our most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Comverge assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
For Additional Information
Chris Neff
Director of Marketing
Comverge, Inc.
973-947-6064
cneff@comverge.com
SOURCE Comverge, Inc.
http://www.comverge.com
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