Invensys and Engage Networks, Inc. Announce Joint Venture for Energy Services
Rockford, ILLINOIS Milwaukee, WISCONSIN Invensys Building Systems, Inc. and Engage Networks, Inc. have today announced the formation of a Joint Venture to develop and market fully integrated Internet commerce energy management solutions to commercial, institutional and industrial energy consumers. The Joint Venture is a separate commercial entity leveraging the experience, products, and intellectual property of each company. The new venture, called ELUTIONS, Inc. will be based in Tampa, Florida. ELUTIONS combines the family of metering and measurement products from recently acquired TeCom, with Engage Networks' market-leading energy monitoring and distributed generation software and communications hardware. The 500+ Worldwide Field Offices of Invensys Building Systems will engineer, install and service these products, adding supply-side control to their already extensive demand-side control product offering. "The new entity launched today will immediately take a unique and market-dominating position by offering an unprecedented, fully integrated technical solution to energy management," said Dan Collins, CEO of Engage Networks. Solutions and products offered by ELUTIONS will include enterprise-wide energy information systems to gather, aggregate and remotely present historical and real-time usage and cost data on electricity, natural gas, water, steam, compressed air and other energy factors, from geographically diverse locations. "Whatever the energy and whatever the building," offered Mike Powell, Senior Vice President, Invensys Intelligent Building Systems, "there is now one source for a powerful and simple solution. It is truly a 21st Century technology, available from trusted providers." ELUTIONS' exciting new suite of products provides the tools needed to gather, analyze and report that data and to automate and manage energy transactionsÉa fully integrated energy information solution. ELUTIONS provides web-based applications, combined with internet appliance technology, for accurate real-time information and seamless interoperable communications. With this solution, ELUTIONS stands ready to help the financial manager gather, analyze and report data to automate and manage energy transactions, and help the building manager apply best practices, services, technology and products for smarter buildings and a smarter world. Invensys Building Systems, Inc. is a member of the Invensys Controls Division. Invensys plc is a global electronics and engineering company created by the merger of BTR plc and Siebe plc on February 4, 1999 . With its head office in London, England, and more than 100,000 employees, it operates globally through four divisions: Intelligent Automation, Industrial Drive Systems, Power Systems and Controls. The Invensys vision is to be the global leader in the automation and controls industry. With more than 100,000 employees, the company's products range from advanced control systems for automating industrial plants and controlling the environments of buildings, to electronic devices and controls found in residential buildings and light commercial applications. Visit the web site at www.invensysibs.com Engage Networks, Inc., founded in 1995, has become an industry leader with a variety of internet-based products that are faster, more flexible, and more easily expandable than traditional proprietary systems. Engage has an installed base of web-based hardware and software in more than 100 blue-chip customer sites with complex operating environments.
