Comverge Chosen as one of World’s Top 20 Sustainable Stocks
East Hanover, NJ: August 13, 2007 – Comverge, Inc. (NASDAQ: COMV), the leading clean capacity provider of energy solutions through demand response, announced today it has been selected as one of the 20 companies worldwide for the 2007 SB20: World’s Top Sustainable Stocks, awarded by SustainableBusiness.com.
The SB20, now in its sixth year, consists of 20 of the most innovative public companies that are making substantial progress in either greening their internal operations or growing a business based on green technology. To be on the list, companies must have strong attributes in both the sustainability of its business model and its financial outlook. The companies were selected by leading green investment analysts and research firm KLD Research & Analytics. The list is presented in the Progressive Investor newsletter, published by SustainableBusiness.com, which tracks sustainable stocks.
“It is an honor to be listed among other innovative companies such as Nike, Canon and Whole Foods, as well as notable leaders in energy conservation and efficiency.” said Robert M. Chiste, Chairman, President and CEO of Comverge, Inc. “Comverge is dedicated to delivering clean environmentally friendly solutions to our utility and commercial customers as well as providing green programs for our own employees."
“Our judges voted unanimously to include Comverge on this year’s SB20 List,” says Rona Fried, Editor of Progressive Investor and CEO of SustainableBusiness.com. “Comverge has an extremely rosy future, helping utilities and industry make money by using less energy. Thirty percent of the world's energy demand could be met just through efficiency improvements."
Adds Rafael Coven, Cleantech Indices LLC, and another judge, "I see smart-grid, dynamic pricing as the single most promising area in all of cleantech. It is the most efficient and painless way to enable large scale consumption behavior change.”
About Comverge
Comverge is a leading clean capacity provider of energy solutions that enhance grid reliability and enable utilities to increase available electric capacity during periods of peak energy demand. Our solutions support national efforts toward nationwide carbon reductions while providing peak capacity on a more cost-effective basis than conventional alternatives. For more information, visit www.comverge.com.
About SustainableBusiness.com
SustainableBusiness.com, now in its 12th year, provides global news and networking services to help green businesses grow: Daily Sustainable Business and Investor news, Green Dream Jobs, and Progressive Investor.
For Comverge Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance, including projected energy efficiency gains and projected reductions in overall energy consumption by utility customers. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company 's business involving the company 's products, their development and distribution, economic and competitive factors and the company 's key strategic relationships, and other risks more fully described in our most recently filed Quarterly Report on Form 10-Q and other of the company 's filings with the Securities and Exchange Commission. Comverge assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Contact Comverge
Investor Relations
770-696-7660, invest@comverge.com
Media Relations
Chris Neff
973-947-6064, cneff@comverge.com
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