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EAST HANOVER, N.J., Feb 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Comverge, Inc. (Nasdaq: COMV), a leading provider of smart grid demand response and energy efficiency solutions, announced today that BP Solar has selected Comverge to develop data acquisition and deployment solutions using Comverge's recently announced Apollo(R) integrated demand response platform, advanced metering infrastructure (AMI) enabling technology, and information command center technology. The award is part of BP Solar's DOE sponsored project known as Solar America Initiative: "Reaching Grid Parity Using BP Solar Crystalline Silicon Technology".
The new contract with BP Solar calls for Comverge to integrate its advanced metering infrastructure technology utilizing its advanced PowerPortal(R) In-Home Display. Developing interfaces that provide solar production and other system information, BP Solar will have the option to integrate demand response using ZigBee(R) enabled intelligent thermostats and digital control units. Onsite systems data will be acquired and communicated offsite for performance monitoring, control, utility and customer information portals.
Robert M. Chiste, chairman, president and CEO of Comverge said, "We are pleased to be chosen by BP Solar for this important development initiative. We believe that the selection of Comverge is tangible recognition of the value of our integrated clean energy AMI enabled and solar power solutions, including our recently announced Apollo Platform(R) and PowerPortal In-Home Display." Mr. Chiste continued, "It is becoming generally recognized that, because of the uneven nature of solar and wind generation, demand response programs can act in concert with these alternative energy supplies to 'level' capacity. This relationship with BP Solar is an important step in Comverge's strategy to facilitate the integration of alternative energy solutions as part of the nation's drive toward energy independence."
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, Apollo Platform and PowerPortal 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 our assumptions and expectations regarding the performance of the contract being subject to successful development and integration and our success in consummating and performing under this contract in the future. Additionally, you should be aware that we have made assumptions on which these forward-looking statements are based and our assumptions, while we believe them to be reasonable, may not be accurate. The forward-looking statements in this release do not constitute guarantees of future performance and involve a number of factors, including the accuracy of our assumptions, 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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