Watch DSSI
Looks like the stock is dropping after the hype of the blackout.....don't know too much about it. Don't own it.
Just bringing it to your attention.
biz.yahoo.com
Comverge SuperSwitch(TM) and PowerCAMP(TM) Software Help Avert Blackouts via Virtual Peaking Capacity(TM)
Monday August 18, 8:02 am ET
FLORHAM PARK, N.J., Aug. 18 /PRNewswire/ -- Comverge, Inc., today reaffirmed that it has developed and is currently deploying a comprehensive suite of hardware and software product lines for electric utility load management solutions. To date, Comverge's utility deployments at households and commercial properties can deliver up to five Gigawatts of peak demand capacity relief.
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Comverge's SuperSwitch and PowerCAMP software form standards-based easy-to-deploy solutions designed to automatically shed commercial and residential electrical loads on a system-wide scale, helping to avert blackouts on segments of the North American power grid. Its robust demand-side solutions include critical infrastructure features, including smooth load shedding, distributed load restoration, and intelligent cold load pickup-automatic powering down of load bearing devices after a localized outage. Comverge's capabilities, coupled with other infrastructure improvements and preventative measures, significantly help guard against conditions that may lead to cascading electrical failures and potential catastrophic grid shutdowns, such as what occurred on Thursday, August 14, 2003.
"Meeting the increasing demands of electrical peak loads is an increasingly critical challenge for electric utilities," stated Robert M. Chiste, Chairman and Chief Executive Officer of Comverge, Inc. "In regulated and deregulated markets alike, there is an urgent need for Comverge's SuperSwitch load control devices and accompanying PowerCAMP Control software. Our simple yet comprehensive solutions enable any utility or load serving entity to shed electrical loads incrementally, on a regularly scheduled basis, and/or under emergency conditions. In addition, our turnkey Virtual Peaking Capacity(TM) offering manages the marketing, installation, and maintenance of a full-scale SuperSwitch deployment to assure the best results for the highest demand-side capacity growth, in the quickest implementation time. As an example, we are currently installing a large-scale Virtual Peaking Capacity program in Salt Lake City and the surrounding areas to provide distribution congestion relief for a potentially overburdened system. Similar deployments exist in many other regions of the country and are possible throughout North America, including the Northeast, where last week's problems arose."
Chiste continued, "A comprehensive demand-side peaking capacity initiative is extremely cost-effective, has no negative impact on the environment, and requires no environmental or zoning permits. Comverge's Virtual Peaking Capacity is an essential component to a comprehensive nation-wide power grid security strategy, helping to insure against further catastrophic blackouts, as well as being a key factor in the daily operational management of balancing peak electrical supply and demand."
About Comverge, Inc.
Comverge, Inc., The Power in Power Technology(TM), is a leading energy intelligence company whose largest shareholder is Data Systems & Software, Inc. (Nasdaq: DSSI - News). Other investors include Nth Power, Easton Hunt Capital Partners, L.P., E.ON Venture Partners GmbH (NYSE: EON - News), EnerTech Capital, and Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of Companies (NYSE: RD - News). Comverge has more than 500 energy supplier clients worldwide, with offices and research facilities in Atlanta, Georgia; Florham Park, New Jersey; Newark, California; Pensacola, Florida; and Tel Aviv, Israel. The Company's PowerCAMP(TM) Group and new 6DiNET Group provide End-to-End Energy Intelligence(TM) software solutions. Comverge's Technologies Group provides integrated, full-spectrum solutions for direct or voluntary load control programs, remote meter reading, price-responsive programs, time-of-use billing, distributed generation monitoring, theft/outage detection and more. Comverge's Enterprise Group provides pioneering turnkey business solutions including owned and operated systems, Virtual Peaking Capacity(TM) "negawatt" contracts, and joint ventures. For more information visit www.comverge.com. |
