NEW YORK, NY -- (Marketwire) -- 03/25/11 -- GreenHouse Holdings, Inc. (OTCBB: GRHU) ('GreenHouse'), a leading provider of energy efficiency solutions and sustainable facilities products, today announced a partnership with EnergyConnect, Inc. (OTCBB: ECNG), a forerunner in the development of smart grid demand response services and technologies. Together, the companies will offer customers integrated energy management and automated demand response (Auto-DR) services.
'EnergyConnect has consistently demonstrated top-notch technology innovations and applications, customer service, and uncompromising dedication to excellence in this field,' commented Rob Davis, Vice President for GreenHouse Holdings. 'We are excited to be a part of EnergyConnect's continuing efforts to deliver integrated demand response solutions to its valued customers. This strategic alliance will generate complementary synergies and we anticipate significant rewards for our respective companies and clients.'
Under the terms of the agreement, GreenHouse will offer its Auto-DR services to EnergyConnect's customers, and EnergyConnect will market its products to Greenhouse's extensive customer base. This partnership will allow both companies to expand their customer base and offer a comprehensive, integrated demand response solution to existing customers. Customers will benefit from increased energy savings and earnings along with higher consistency in performance.
Auto-DR offers participants the technical means to automatically reduce electricity consumption when signaled by the utility during costly peak energy periods when the demand is highest. This program provides customers with complete control of actual curtailment measures implemented on an event-by-event basis and enables them to realize significant financial benefits.
'California's investor-owned utilities are at the cutting edge when it comes to promoting Auto-DR,' said Rich Quattrini, Vice President of Marketing and Business Development for EnergyConnect. 'GreenHouse provides expertise in turnkey Auto-DR implementations that comply with utility requirements and qualify participants to receive significant incentives for enabling technologies. We believe this partnership will facilitate our customers' seamless participation in demand response.'
GreenHouse is a qualified service provider of Southern California Edison's Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies, including complete processing of all utility documents. EnergyConnect's integrated demand response platform enables participants to earn capacity payments for agreeing to shift or reduce power consumption during times of peak demand.
About GreenHouse Holdings, Inc.
GreenHouse Holdings is a leading provider of energy efficiency and sustainable facilities solutions. The company designs, engineers and installs disparate products and technologies that enable its clients to reduce their energy costs and carbon footprint. Its target markets for energy efficiency solutions include government and military, as well as commercial, residential and industrial markets. In addition, the company develops, designs and constructs rapidly deployable, sustainable facilities primarily for use in disaster relief and security in austere regions. For more information, please visit: www.greenhouseintl.com or the GreenHouse YouTube channel at http://www.youtube.com/greenhouseintl or follow GreenHouse on Twitter @greenhouseintl.
About EnergyConnect, Inc.
EnergyConnect delivers industry leading Demand Response technologies and services to commercial, institutional and industrial consumers, enabling them to manage their use of electricity in response to market prices or regional power shortages. EnergyConnect's GridConnect technology platform provides a scalable, cost-effective, clean technology to enhance the grid's efficiency and reliability. For more information about this leading edge technology or about investor relations, visit http://www.energyconnectinc.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by GreenHouse Holdings, Inc. are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading 'Risk Factors' and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
GreenHouse Holdings, Inc. Contacts:
Alliance Advisors, LLC
Rubenstein Public Relations
Email: Email Contact
EnergyConnect Inc. Contacts:
Lippert / Heilshorn & Associates, Inc.