What does this have to do with ConTeXt? Is this Spam mail?
On 7/3/07, paul.kholer paul.kholer [EMAIL PROTECTED] wrote:
Joe Merlo
Powerit Holdings, Inc. the leading provider of intelligent, automated demand
control demand response systems for industrial and commercial buildings,
today announced the successful completion of the company's Series A round
of venture financing.
Led by @Ventures with a $3.0 million investment, the $7.1 million round also
included co-investor Expansion Capital Partners with $3.0 million and the
balance from existing investors including Stellar Holdings and Company
management.
This funding from @Ventures and Expansion Capital Partners, two recognized
leaders in clean technology venture capital, will allow us to accelerate our
growth and product offerings to meet the demands of a growing number of
industrial and utility customers who need proven demand response and demand
control energy management solutions to better control rising energy costs,
said Claes Olsson, CEO of Powerit Holdings.
Powerit Solutions is especially well-poised to support the growth of demand
response services to the electric utility industry. Their primary product
solution, the Energy Director, is based on the principal that the best,
cleanest and most cost-efficient way to obtain needed power during times of
peak usage is to leverage the hidden inefficiencies that cause high peak
demand. The Energy Director system automatically predicts, regulates, and
reduces demand by carefully lowering the consumption from selected loads
with precisely-timed curtailment actions and manages these actions in a way
that it limits any impact to productivity or building comfort. As such, it
is a system that is distinctively tailored to enable industrial commercial
users to meet challenging power savings goals and has been approved for
demand response (DR) incentive programs by public utilities which have
strong interest in finding reliable cost-saving and demand-savvy solutions
for those challenging sectors.
According to Olsson, sixty percent of all energy in the domestic U.S. market
is consumed by commercial and industrial buildings. Powerit systems reduce
demand charges on an ongoing basis between 10- and 40-percent and can allow
those previously savings-challenged industrial manufacturing companies to
participate in demand response programs, he said. Do the math. The
financial benefits, measured by dramatically reduced demand charges and the
opportunity to participate in DR programs, are substantial, often creating a
project payback in the range of 1 to 18 months, - not to mention the
benefits to local energy utilities struggling to keep power to their
customers during peak usage periods.
As part of the financing, Marc Poirier, Managing Director, @Ventures and
Bernardo Llovera, General Partner, Expansion Capital Partners will take
seats on Powerit's Board of Directors.
Powerit's technologies are uniquely-suited to meet the demanding needs of
large industrial electricity users, said Marc Poirier. By deploying
fully-automated intelligent systems to help companies reduce their energy
bills without hindering productivity, Powerit delivers strong economic value
to its customers. And by helping utilities manage their peak-demand periods
without increasing internal capacity, Powerit helps address the increasing
demand for electricity while minimizing carbon emissions and other
environmental impacts associated with power generation, added Poirier.
The combination of Powerit's exceptional energy management and demand
response solutions, and its proven leadership in high technology innovation,
are strong indicators that the company will continue to excel, said
Bernardo Llovera. We are impressed with Claes Olsson's track record of
driving growth in companies like Powerit.
Evolution Capital Advisors, a boutique investment bank serving
entrepreneurial stage companies in energy, information, communications, and
media technology markets, served as advisor to Powerit on the transaction.
About Powerit Holdings, Inc.
Powerit Holdings, Inc. (Powerit) is a global leader in intelligent,
energy-demand management. Through its wholly owned companies, Powerit
Solutions in the U.S. and Diana Control in Europe, Powerit helps
organizations manage and reduce peak energy demand - saving money and
conserving energy without compromising production and processing operations
or building comfort factors. The company has hundreds of installed systems
globally, many in industrial sectors that have high-energy demand, including
mechanical fabrication and manufacturing, agriculture and food products,
petroleum and petrochemicals, forest products, and primary metals
fabrication, as well as in commercial and recreational facilities.
About Expansion Capital Partners, LLC:
Founded in 2002, Expansion Capital invests venture capital exclusively into
expansion-stage, Clean
