EnerNOC Issued New Patent For Demand Response Technology
BOSTON, July 29, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software, announced today that the United States Patent and Trademark Office has issued the Company its third patent. Patent No. 8,457,803, entitled "Apparatus and Method for Demand Coordination Network," focuses on the technology, tools, and processes the Company uses to dynamically and reliably deploy demand response resources where and when they are needed. EnerNOC now holds five patents globally for its technology, including two patents in Australia.
"EnerNOC is the world's leading provider of demand response resources with an exceptional performance track record in large part because of our proprietary intellectual property. Utilities and grid operators around the world rely on EnerNOC's technology, solutions, and expertise to maintain grid reliability, stabilize prices, balance renewable energy resources, and respond to system contingencies, such as unexpected generation or transmission losses," said Hugh Scandrett, Vice President of Engineering at EnerNOC. "We continue to advocate strongly for the development of industry standards that accelerate innovation system-wide, while at the same time focusing on those areas of technology that are under-represented by current standards-based solutions."
EnerNOC is currently on the board of the OpenADR Alliance and supports standards including OpenADR 2.0, ZigBee Smart Energy, and XMPP. EnerNOC also participates in the Green Button initiative and runs an online open source community, open.enernoc.com, to promote industry-wide collaboration and innovation.
"We're focused on serving our customers with the best possible technology and business processes," said Tim Healy, Chairman and CEO of EnerNOC. "In many cases we have been able to deliver that through proprietary IP. This patent enables us to protect our technology leadership in the demand response market."
The Company has fourteen additional patents pending. For more information on EnerNOC's technology, go to enernoc.com/our-technology.
EnerNOC (Nasdaq:ENOC) is a leading provider of energy intelligence software. EnerNOC unlocks the full value of energy management for 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 a suite of energy management applications including: DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; and SupplySMART™, energy price and risk management. EnerNOC'sNetwork Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
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 technological capabilities associated with the Company's energy intelligence software, and and the Company's belief that its intellectual property portfolio will contribute to the future growth and success of 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.