Contact:  Kathy Montgomery, VP of Marketing & Strategic Design
678.581.8225 or kmontgomery@prenova.com

ATLANTA, GA – September 7, 2005 – Prenova announced today that one of its discount retail customers has signed a contract amendment for the provision of Prenova’s Performance Assurance® solution to 1,500 locations that are currently equipped with Energy Management Systems (EMS).

Through its Performance Assurance solution, Prenova provides a set of tools and processes that remotely identifies, analyzes, quantifies, and assists in the resolution of anomalies and opportunities in the operation of Energy Management Systems (EMS), HVAC equipment, controlled lighting systems, controlled refrigeration, and other energy-using assets. Performance Assurance® identifies asset failure in its early stages by proactively finding issues, errors, trends, and other information that currently increase energy cost and/or increase the cost of asset repair, replacement, service, and maintenance. A punch list of issues to be corrected is generated along with an asset scorecard to track, over time, the goals and actual performance improvement for each asset per customer location. This allows the customer or their designated agent to quickly and efficiently resolve the situation to minimize the cost of energy while reducing the risk of failure or impaired performance of assets and systems.

Discount Retailer Overview

The customer operates 2,900 locations in 48 states across the United States and operates discount variety stores. The customer’s merchandise mix consists of consumable merchandise, which includes candy and food, health and beauty care, and housewares. Stores are located in high-traffic strip centers anchored by mass merchandisers and supermarkets, as well as in small towns. About Prenova Founded in 1997 and headquartered in Marietta, GA, Prenova, Inc. delivers visibility, manageability, and predictability (VMP®) over customers’ energy usage, price, energy-related asset performance, and maintenance costs. Through its energy management solutions, the company works both sides of the energy bill to drive down energy expenditures and thus improve profitability. 

About Prenova

Founded in 1997 and headquartered in Marietta, GA, Prenova, Inc. delivers visibility, manageability, and predictability (VMP®) over customers’ energy usage, price, energy-related asset performance, and maintenance costs. Through its energy management solutions, the company works both sides of the energy bill to drive down energy expenditures and thus improve profitability.
Prenova’s unique delivery platform enables the company to leverage existing customer assets to produce immediate, enhanced investment returns through reductions in both direct (price, tariff, utility payments) and indirect (usage, assets, maintenance) energy costs, while simultaneously improving reliability of business operations. There are no set-up costs, nor upfront software or hardware required. The value Prenova creates for its customers is significant to their bottom line, and includes the following:

• reduction in energy usage by up to 30%
• avoidance of unplanned maintenance/repair costs by up to 40%
• extended equipment life by up to 30%

Prenova manages billions in annual energy expenditures across tens of thousands of customer locations nationwide. Some organizations that rely on Prenova include Crate & Barrel, Owens Corning, Eddie Bauer, Famous Footwear, 24 Hour Fitness, U.S. Cellular, and Costco.