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ATLANTA, GA – September 8, 2005 – Prenova announced today it has signed a three-year agreement with one of the world’s largest grocery store chains. Prenova will provide Bill Data Management solutions to the grocery chain, including Bill Audit and Rebates, to 2,200 of its locations.
Through its Bill Data Management solution, Prenova performs a series of powerful proprietary processes on the customer’s utility bill data to identify bill errors (including rate and tariff reviews) and anomalies, which Prenova investigates and resolves. Prenova then ensures that these corrections are sustained in all subsequent bills. The corrected billing information is then available through Prenova’s web-based digital dashboard tool PreVue®. Prenova's PreVue web application is the "window" through which the customer views, understands, and manages the impact of energy performance. PreVue provides standard views of facility and portfolio performance for usage and cost, and offers quick links to all services rendered by Prenova. All customer analytics are accessed through PreVue.
Through its Rebate Management solutions, Prenova works on the customer’s behalf with utility suppliers to coordinate activities and requirements surrounding rebate programs. Furthermore, Prenova will provide resolution for all rebate management issues on behalf of the customer. Prenova ensures that the customer is in a position to capture any savings or credits for which it is eligible. Prenova will complete all paperwork required, submit for approval, and follow through with participating utilities to ensure that rebates are applied correctly.
Grocery Store Company Overview
The customer operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores throughout the United States. The company operates nearly 3,700 stores, including more than 2,500 supermarkets and multi-department stores, under various other names. The company also manufactures and processes some of the food for sale in its supermarkets, and operates nearly 800 convenience stores and more than 400 fine jewelry stores.
About Prenova
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 Dollar Tree, Crate & Barrel, Owens Corning, Eddie Bauer, Famous Footwear, 24 Hour Fitness, U.S. Cellular, and Costco.
For more information, please visit www.prenova.com . |
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