Norcross, GA., April 18, 2012 – Comverge, Inc. (NASDAQ: COMV), the leading provider of Intelligent Energy Management solutions for Residential and Commercial & Industrial (C&I) customers, today announced it will deliver thousands of Carrier®-branded ComfortChoice® Touch thermostats from United Technologies Electronic Controls, Inc. (“UTEC”) this year to TXU Energy for its energy savings solution, the BrightenSM iThermostat. Comverge has fully integrated the Zigbee®-enabled Carrier-branded thermostat with its IntelliSOURCE platform to offer a premium option for two-way communications between TXU Energy customers and their thermostats, providing the insight, convenience and control needed to optimize electricity usage.
The Brighten iThermostat was developed to help TXU Energy customers conserve electricity and save money on their electricity bills. Under the new agreement with Comverge, TXU Energy now offers its customers a new Carrier-branded ComfortChoice touch screen programmable thermostat that electricity customers can use to conveniently adjust the temperature or change the programming from any Web-enabled device.
“Comverge has been an important partner in helping us deliver one of the most innovative energy conservation tools available in the market today, the Brighten iThermostat,” said Michael Grasso, chief marketing officer, TXU Energy. “At TXU Energy, we’re committed to giving our customers choice, convenience and control over how and when they use electricity at home. We’re excited about the new Carrier thermostat, which helps us deliver on that promise through a refreshed Web-based interface that’s integrated with our app for iPhone. It’s a great tool our customers can use to help them save electricity and money on their monthly bills.”
Customers using Brighten iThermostats also participate in an energy conservation program with TXU Energy in times of extreme electricity demand. The company can leverage the Comverge IntelliSOURCE platform to temporarily cycle off air conditioners during peak consumption hours. Last summer, when a record-breaking heat wave affected parts of Texas for roughly 70 days, the capabilities of the platform proved beneficial as TXU Energy and thousands of Brighten iThermostat customers used it to help reduce strain on Texas’ power systems.
"We are excited that our agreement announced earlier this year to procure Carrier-branded thermostats is validated with such a large order for the smart thermostat," said Comverge president and chief executive officer, R. Blake Young. "TXU Energy is at the cutting-edge of energy management initiatives, and we are pleased to be able to continue to support its programs with our demand response solutions.”
The addition of the Carrier ComfortChoice® Touch thermostat to our solution portfolio reflects on our commitment to having a diverse set of device options for our clients as we work to maintain our positions as the leading provider of intelligent energy management solutions for all customer classes," added Young.
“UTEC has leveraged its leadership in two-way communicating thermostats in the development of the Carrier-branded ComfortChoice® Touch ZigBee® certified thermostat for the industry, and we are extremely pleased to be selected by Comverge and TXU Energy for this important program,” said Esther Johnson, vice president and general manager, UTEC.
With more than 500 utility and 2,100 commercial customers, as well as five million deployed residential devices, Comverge brings unparalleled industry knowledge and experience to offer the most reliable, easy-to-use, and cost-effective intelligent energy management programs. We deliver the insight and control that enables energy providers and consumers to optimize their power usage through the industry’s only proven, comprehensive set of technology, services and information management solutions. For more information, visit www.comverge.com.
About United Technologies Electronic Controls
UTEC, the leading manufacturer of HVAC electronic controls for the OEM market, is a unit of Carrier , the world's leader in high technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Founded by the inventor of modern air conditioning, Carrier improves the world around us through engineered innovation and environmental stewardship. Carrier is a part of UTC Climate, Controls & Security Systems, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. Visit www.carrier.com for more information.
About TXU Energy
TXU Energy is a market-leading competitive retail electricity provider, powering the lives of more Texans than any other retailer. TXU Energy offers a variety of innovative products and solutions, allowing both its residential and business customers to choose options that best meet their needs, including exceptional customer service, competitively priced electricity service plans, innovative energy efficiency options, renewable energy programs and other electricity-related products and services. Visit txu.com for more information about TXU Energy. REP #10004.
For Additional Information
Vice President, Marketing and Investor Relations