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ATLANTA, January 14, 2008 – Prenova is pleased to announce that a major retailer and one of its long-standing customers, Eddie Bauer, has not only renewed their service agreement for three additional years but also expanded its scope. Eddie Bauer has long partnered with Prenova to drive optimal energy prices, along with budget forecast certainty, throughout their organization with Prenova’s Price Risk Management solution. With this service agreement extension, Eddie Bauer will continue to be a Price Risk Management customer, and the Retailer has also contracted for Prenova’s Energy Analytics and Utility Management solutions (Bill Payment, Bill Audit, Energy Rebates, and Utility Due Diligence).
“Eddie Bauer entertained proposals from a number of key energy players, and we chose to renew and expand with Prenova under a multi-year agreement,” said Dawn Johnson, Director of Corporate & Retail Services at Eddie Bauer. “Prenova brings a team of people focused on what’s right for Eddie Bauer. Prenova’s services have returned more than 3x the investment for Eddie Bauer in 2007. One of the hallmarks of our business at Eddie Bauer is exceptional customer service, and Prenova shares and delivers upon that same passion.”
“Energy expenditures are one of the most volatile and significantly increasing cost components in the retail sector,” stated Michael Nark, President and CEO of Prenova. “In the Price Risk Management arena, Prenova provides customers like Eddie Bauer with the strategies, tools, and solutions to manage the risk of rapidly rising and fluctuating energy prices. Greater visibility into energy prices translates to more predictable financial performance - despite market instabilities.”
Eddie Bauer, through Prenova’s Energy Analytics and Utility Management solutions, will enjoy a complete service, from utility coordination for initial store service and tariff rate set-up, to timely and accurate bill payment, to ensuring that the company participates in relevant market programs for rebates, tax credits, and more. Utility Management also provides the ability to compare facilities and identify risks and opportunities for further actionning through Prenova’s demand side energy management – which is the next energy management component that Eddie Bauer is considering.
About Eddie Bauer
Eddie Bauer is the only active, outdoor, lifestyle brand that combines a sense of style with a spirit of adventure and the legendary quality, inventiveness and customer service that has been the company’s hallmark since 1920. Products are available at approximately 377 stores throughout the United States and Canada, through catalog sales and online at eddiebauer.com. Eddie Bauer also participates in joint
venture partnerships in Japan and Germany and has licensing agreements across a variety of product categories. For more information, please visit www.eddiebauer.com.
About Prenova
Founded in 1997 and headquartered in Marietta, GA, Prenova’s clean energy management solutions deliver economical, reliable, environmentally friendly energy to match our customers’ needs. Prenova’s unique delivery platform enables the company to produce immediate, enhanced returns through reductions in both direct (price, tariff, utility payments) and indirect (usage, assets, maintenance) energy spend. The result is an unrivaled level of hard dollar savings plus a sustained reduction in energy consumption and carbon gas emissions, all while improving the reliability of business operations.
Prenova is a premier energy conservator - our solutions maximize energy efficiencies in our customers’ operations. We link our customers’ facilities together with our technology and service solutions enabling customers to do more with less – the ultimate in conservation efforts. Prenova’s focus on optimizing assets and equipment yields a high impact outcome: significant reduction of energy costs, increased reliability of energy-related systems critical to business operations, and a dramatic reduction in harmful emissions. We drive asset efficiency to revolutionize energy conservation.
The value that Prenova creates for its customers is significant to their bottom line, and includes:
- Reduce energy consumption by 10-20%
- Reduce the price paid for energy by 2%-5%
- Reduce unplanned maintenance service call-outs by up to 40%
- Increase asset life by up to 30%
Prenova manages billions in annual energy expenditures across hundreds of thousands of customer locations across North America. Some organizations that rely on Prenova include Brinker, Coldwater Creek, Costco, Crate & Barrel, Dollar Tree, Dunham’s Sports, Eddie Bauer, Famous Footwear, Home Depot, Mark’s Work Wearhouse, Quiznos, Seneca Foods, 24 Hour Fitness, U.S. Cellular and West Marine.
For more information, please visit www.prenova.com. |
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