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ATLANTA, August 25, 2006 - Prenova is pleased to announce that a major retailer and one of its long-standing energy customers has extended their service agreement for two additional years and will begin its Asset OptimizationSM solution in more than 40 of its EMS (Energy Management Systems) equipped stores nationwide. The extended agreement also includes Price Risk Management (Supply) and Rebates Management.
This major retailer, which specializes in innovative, high-quality home design products, has more than 100 stores nationwide presently without EMS, making them candidates for Prenova's Asset Optimization Bundled Solution. The first Bundled Solutions Proof of Value site is planned for first quarter 2007.
“Energy expenditures are one of the most volatile and significantly increasing cost components in the retail, commercial and manufacturing business sectors,” stated Ed Smith, CEO of Prenova. “Prenova has the unique ability to predict and prevent energy-related asset failure to extend the life of a business’s assets. We are excited to expand our services for this long-term customer and deliver total end-to-end energy cost management—price, consumption, asset repair/replacement costs, and maintenance costs.”
Prenova’s Asset OptimizationSM solution is geared to predictively manage and optimize asset performance supporting energy operations, resulting in reduced, energy-related costs per square foot. With no set-up costs or up front hardware or software, Prenova drives value by significantly reducing operating costs per square foot. Using proven technology, Prenova can reduce unplanned maintenance service call-outs by up to 70%, increase asset life by up to 30% and reduce energy consumption by up to 20%. Prenova offers a Dual Guarantee—energy savings and improved asset performance or it will refund 100% of the fees paid.
Prenova’s Bundled Solution incorporates the Asset OptimizationSM solution along with Prenova’s Bundled EMS solution which provides Prenova’s own PivotSM Energy Management System to customers who do not have an EMS currently in place. The Bundled Solution includes design, specification, purchase, installation and warranty repair of the Pivot EMS system for the life of the contract term. Customers may also elect to finance the system over a period of 3 to 5 years. The advantage of the Bundled Solution is that customers can begin receiving savings immediately that are expected to exceed the monthly cost of the solution, with no upfront capital or expense required.
About the Home Furnishings and Housewares Retailer
Opened in the 1960’s as a family business, this home furnishings and housewares retailer now sells a stylish but comfortable look for those who prefer a more contemporary feel. It sells these items at its 160 retail stores and outlet stores and also through its eight annual catalogs.
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 leverage existing assets to produce immediate, enhanced investment returns through reductions in both direct (price, tariff, utility payments) and indirect (usage, assets, maintenance) energy costs. 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 70%
- 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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