Comverge Announces Commercial Release of Apollo Integrated Demand Response Management System
Apollo now available with enhanced Smart Grid applications
EAST HANOVER, N.J., April 3, 2009 Comverge, Inc. (Nasdaq: COMV), a leading provider of smart grid, demand management and energy efficiency solutions, announced the first release of its Apollo™ system at its annual Users Group Meeting. Apollo represents the industry's first integrated Demand Response Management System that links in-home demand response devices to electric utility operations and back office applications. Apollo is an enterprise class, 100% web-based application, designed to provide a platform for advanced demand management applications as well as future Comverge software applications. Key features of this Apollo release include:
- Integrated load reduction estimation; providing system operators an intuitive view of the amount of demand reduction capability achieved.
- Utility management program design and administration tools; providing program administrators' tools for designing their demand response program constraints.
- Control strategy design and modeling tools for Comverge's suite of hardware solutions including Digital Control Units and SuperStats® as well as ZigBee® SmartEnergy Profile devices.
- Control event and dispatch management tools for submitting prescheduled control events.
- Integrated customer service tools for managing customer overrides and opt-out operations.
- Real-time status information and dashboard capability.
- A platform solution capable of communications on multiple networks and protocols; giving our customers the ability to manage and control devices on both AMI and legacy paging systems.
"Apollo represents a defining step forward for the Demand Response industry and a key component of SmartGrid technology. Utilities will now be able to deploy this enterprise application directed toward demand response management that is capable of integrating with and functionally expanding their comprehensive back office infrastructure as AMI and SmartGrid deployments flourish," said Bud Vos, Comverge's Chief Technology Officer. Mr. Vos added, "Apollo will be demonstrated at the upcoming Comverge Users Group Conference during April 6th - 8th and during the Annual Investor & Analyst Day on April 9th.
Robert M. Chiste, chairman, president and CEO of Comverge, stated, "Our Apollo team will be available at our annual Users' Conference where we will introduce Apollo and demonstrate its functionality to our customers. Apollo is just the latest demonstration of our commitment to reinvest and provide development of innovative SmartGrid solutions. We welcome our current and prospective customers' review of this first Apollo release as they begin discussions with Comverge about how to integrate and provide this solution as a replacement for their legacy demand response systems."
Comverge, with over 2600 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 is a trademark of Comverge, Inc. SuperStat is a registered trademark 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 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.