BOSTON, March 27, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of cloud-based energy management applications and services, today announced the release of a new wireless mesh data capture and communication feature that extends the reach and performance of its EnerNOC Site Server (ESS). This new feature expands remote and on-premise market applications while improving the scalability of ESS installations.
"Our approach has always been to buy, build, or partner to drive down the costs of capturing and communicating real-time energy data from our network of over 13,700 sites. In this case, our team internally was able to build a wireless mesh feature that cut our costs for this component by over 75% compared to other commercially available products, while enhancing the overall performance and quality of the data we're collecting," said Hugh Scandrett, Vice President of Engineering. "Because of the longevity of its onboard power source, we no longer need to run conduit or connect to on-site power to deliver this feature. That's a huge cost savings."
Because communications across indoor and outdoor wireless networks can be challenging, another key benefit of the new wireless mesh feature is its ability to provide superior data quality, even in the presence of network interference. The device collects and communicates data from meters and other devices and sends it via secure wireless protocol to the EnerNOC Site Server, which is then captured by our Network Operations Center (NOC). Once the data is collected, end users can access their real-time energy data and profiling tools through EnerNOC's cloud-based energy management application suite, which includes DemandSMART™ for comprehensive demand response solutions, EfficiencySMART™ to deliver continuous energy savings, and SupplySMART™, which provides energy price and risk management services to commercial, institutional, and industrial customers.
"This new feature increases EnerNOC's flexibility and expands our market opportunities," said Tim Healy, Chairman and CEO of EnerNOC. "We're continuing to innovate and advance our data communication capabilities and software to develop the best solutions for our customers. This new feature has tremendous application in markets like agriculture, commercial buildings, and other remote sensing and control industries."
In recent years, EnerNOC has invested over $150 million in technology platform enhancements. To learn more about EnerNOC technology, go to www.enernoc.com/our-technology or visit the EnerNOC engineering portal at open.enernoc.com.
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility Solutions™ offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through its suite of energy management applications including: DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; and SupplySMART™, energy price and risk management. Our Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
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Safe Harbor Statement
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the ability of the Company's enhanced technology to expand the market opportunities for the Company's energy management applications and services, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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