EnerNOC (Nasdaq:ENOC) Scales Technology Platform for International and Domestic Demand Response Market Expansion
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BOSTON - June 20, 2013 (Investorideas.com renewable energy newswire) EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software, today announced the latest updates to its software platform, which include enhancements to overall system performance. This release internationalizes the platform for non-English speaking countries and implements single sign-on (SSO), both key features for enabling EnerNOC to expand its utility white-labeling capabilities worldwide.
EnerNOC's software platform unifies all of the Company's energy intelligence applications, enabling the enterprise customer to simultaneously view and analyze real-time data for prediction, execution, and measurement of demand response dispatches, identify opportunities for optimization of energy consumption and operational performance, and track savings and performance against corporate and facility level goals.
"This release further enhances our platform to enable continued expansion of our demand response user base," said Tim Healy, Chairman and CEO of EnerNOC. "The new features expand our platform's geographic reach and improve its overall performance, and ensure our ability to deliver fast, actionable, and comprehensive results for our customers worldwide."
Internationalizing the Company's demand response application, dispatch notifications, and internal tools required to enable new sites increases EnerNOC's ability to better compete for larger customer opportunities outside of English-speaking areas. The addition of single sign-on allows EnerNOC's technology to provide a consistent and seamless experience for commercial, industrial, and institutional (C&I) customers.
With this platform update, EnerNOC's patented demand response technology supports advanced, automated functionality that increases dispatch management scalability, enhances the performance of its Network Operations Center (NOC), and provides a better visual status of the automation taking place during dispatches, maximizing the NOC's efficiency. In addition, scalability improvements enable the platform to process 10 times more data in real time with 250 times less latency, reducing data disruption potential during spikes in traffic.
To learn more about the new features of the platform, go to enernoc.com/our-technology or visit open.enernoc.com.
EnerNOC is a leading provider of energy intelligence software. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility Solutions(TM) offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMART(TM), comprehensive demand response; EfficiencySMART(TM), continuous energy savings; and SupplySMART(TM), energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
Safe Harbor Statement
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the future growth and success of the Company's energy intelligence software, and the benefits that customers may derive from technology updates or enhancements to that software, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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