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ATLANTA, September 1, 2006 - Prenova announced today that it signed a one-year renewal agreement with a national cellular company which is one of its long-standing energy management customers. Prenova’s agreement is to provide Prenova's Price Risk Management solution, Prenova FlexSM, Bill Data Management, Bill Audit and PreVue®. The extension reflects the continuing confidence in the quality of performance provided by Prenova. With this agreement Prenova will also begin its Asset OptimizationSM Proof of Value solution in three of its EMS equipped locations nationwide, and the two companies are currently in discussions regarding additional solutions that will deliver incremental new energy savings.
“Concerned about their highly dispersed assets, specific location challenges, daily reactive workload, and skyrocketing energy costs, telecommunication companies are also highly dependent on the HVAC system to remove humidity from the environment,” stated Ed Smith, CEO of Prenova. “When the HVAC system is not working optimally, excess humidity puts a heavy load on the major computer systems that keep their network running.”
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.
Through its Bill Data Management solution, Prenova performs a series of powerful processes on this customer’s utility bill data, which is manually entered via Prenova Flex as this customer does not currently outsource Bill Payment. Prenova then cleanses and enriches the data, and conducts a powerful series of processes and algorithms on the data to identify bill errors (including rate and tariff reviews) and anomalies. Prenova investigates and resolves all concerns identified as potential billing issues. Prenova then ensures that all corrections are sustained in 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 initiatives and resulting improved performance. PreVue provides standard views of facility and portfolio performance for usage, cost, and asset life cycle trends, and offers quick links to all solutions rendered by Prenova.
Price Risk Management includes the continuous review of market conditions to assess and determine both the potential near-term and future impact on financial outlooks these market changes create for the customer’s energy supply portfolio in terms of potential savings or risks. Price discovery, and then the setting of a strike price by market, is a critical part of this solution. Prenova then develops strategies and plans for managing price and risk, recommends specific actions to the customer, executes the agreed actions, and performs Quality Assurance to ensure that changes are accurately implemented.
About the Cellular Company
This cellular company provides wireless phone service to nearly 6 million consumers across half the nation. Services include international long-distance, directory assistance, mobile messaging, prepaid options and roadside assistance.
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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