EPS’ xChangePoint® software and service solution to provide EDP and its customers a platform for identifying, managing and tracking energy efficiency and sustainability opportunities.
Costa Mesa, CA – June 29, 2010 – EPS Corp today announced a collaboration agreement with Energias de Portugal (EDP), a leading integrated energy utility company servicing Portugal, Spain, France, Belgium, Poland, Romania, the United States and Brazil. Under the May 31, 2010 agreement, EPS’ xChangePoint software will be utilized by EDP for its customers initially in Portugal and Spain, with the potential for expansion into Brazil.
EDP provides energy distribution, management and efficiency services for customers within its utility network in multiple countries. xChangePoint is an integrated software and services solution that takes energy usage data and transforms it into targeted, actionable information that commercial and industrial consumers can utilize to identify no-cost and behavioral energy saving measures, reduce consumption, lower their energy costs and track the results of their efficiency and sustainability initiatives over time.
The partnership agreement provides EDP with a sophisticated real-time energy management capability for its customers. With xChangePoint, the utility gains a tool to monitor energy usage and sustainability trends at their customers, identify behavioral changes and capital retrofits for improved energy efficiency and carbon reductions, and track, measure and manage energy savings and carbon reductions for their customers on an ongoing basis.
“The opportunity that this collaboration with EDP represents is very exciting,” said Jay Zoellner, Chairman and CEO of EPS Corp. “Providing the benefits of xChangePoint to a leading energy services provider for the European and South American energy markets demonstrates that the need for effective sustainability solutions is global in nature, and it is an important step in our international expansion.”
“Our regional energy services businesses are continually looking for ways to help our customers improve energy efficiency”, said Luis Manuel, Executive Director, EDP Inovação, S.A. “This partnership with EPS is important, as the capabilities of xChangePoint will enable us to deliver more integrated energy solutions to our customers across the world.”
About EPS Corp:
EPS Corp is a leading energy intelligence company that develops and implements analytic, efficiency, and clean generation solutions for Fortune 500 companies. The company’s integrated product and services suite is delivered using The EPS Way™, an innovative three-step process that maximizes energy and carbon reductions through financially compelling solutions. EPS delivers the right information – at the right time – to enable decisions that improve energy efficiency, reduce costs, and achieve sustainability goals. The company was founded in 2001, and is headquartered in Costa Mesa, California. More information may be found at www.epsway.com.
About EDP
Energias de Portugal, S.A. is a vertically-integrated utility company, headquartered in Lisbon, Portugal. Through its various constituent businesses, EDP holds significant electricity and gas operations in Europe, Brazil and the United States, including a strong renewable generation profile. The Group is present in 12 countries. EDP is among the major European operators in the energy sector; is one of the largest energy operators of the Iberian Peninsula and the 3rd largest producer of wind energy. Beside the electricity sector – generation, distribution and trading – EDP also has a significant presence in the gas sector of the Iberian Peninsula. EDP is the only Portuguese company that integrates the Dow Jones Sustainability Indexes (World and STOXX), the world’s most demanding ranking, that distinguishes the best performing companies on issues related to transparency, sustainability and excellence in economic management and social environment.
Forward Looking Statements
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements include words such as “designed to” or “should be able to” or words of similar import. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which may cause results to differ materially from those expected, such as construction difficulties or potential delays in the project implementation process or other unanticipated delays that could disrupt our operations or cause delays in delivery of our solutions. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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