Energate Inc.

Energate Inc.

October 02, 2009 07:00 ET

Deloitte Names Energate as a Top Canadian Green Tech Company

OTTAWA, ONTARIO--(Marketwire - Oct. 2, 2009) -

Attn: Energy and Business reporters

Energate is a winner of the prestigious Deloitte Technology Green 15th(TM) Award, an award created in 2007 to showcase 15 Canadian companies that are leading the way to create major breakthroughs in the field of green technology.

Energate is a leading provider of home energy management solutions, which include communicating smart thermostats, wireless switches controlling loads such as water heaters, pool pumps and consumer energy management portals. Underscoring Energate's success is its dual-focus. Not only does its technologies meet the needs of utilities but also those of homeowners. Energate's devices are easy-to-use and designed with the understanding that while most homeowners are open to conserving energy, they are more willing to manage their energy use within the parameters of their own comfort and control. Energate's solutions also support communication between utilities and homeowners, for instance through its text messaging feature.

Energate's Consumer Connected Demand Response(TM) (CCDR) solution allows utilities to immediately achieve Smart Grid benefits including managing the peak load generated by residential demand, via software applications connecting two-way over broadband while interfacing with Smart Meters.

"The Deloitte Technology Green 15 Award recognizes those Canadian companies that offer solutions to global environmental challenges by creating intellectual property and technology that reduce society's environmental impact," said John Ruffolo, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte. "Companies such as Energate are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment, despite being in a challenging economy. In doing so, they are helping to position Canada as a global leader in the development of commercially-viable green technology."

Energate's CEO, Niraj Bhargava, credits the company's leadership in home energy management technology to the interoperability of its solutions and the ability to work one-on-one with utilities and members of the energy ecosystem to deploy optimal solutions that meet the needs of today and tomorrow. In Ontario, Energate is supporting smart metering and Peaksaver(R) initiatives with its soon to be announced Peaksaver Plus program.

"The efforts of our team have resulted in our market-leading home energy technology and growth in smart grid markets," said Bhargava. "It is more important than ever for Canadians to embrace clean energy and effect peak demand reduction with the technologies that enable energy efficiency and distributed energy intelligence. We appreciate Deloitte's support of sustainable technologies, and applaud the Ontario government's leadership role in preserving energy for Ontario's future generations."

About Energate

Energate's home energy management solution enables consumers and utilities to manage energy use and reduce peak demand without sacrificing comfort and convenience. Building upon over 25 years of HVAC, Home controls and Energy industry experience, Energate smart thermostats, switches and software offer industry-leading equipment interface technology and control algorithms with communications interoperability including ZigBee certification. Founded in 2004, Energate's offices are in Ottawa, New York and California. Visit www.energateinc.com

About the Deloitte Technology Green 15 (TM)

The Technology Green 15 (TM) recognizes Canada's leading GreenTech companies. GreenTech, the industry term for "green technologies", is taking on greater importance in the world in general and the world of business in particular. It includes any technology that promotes a more efficient use and re-use of the earth's resources in industrial production and consumption. GreenTech products and services are designed to reduce or eliminate environmental impacts and improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste or pollution. Although many companies within GreenTech industry sectors are very different, they share a common trait: all use new, innovative technology to create products and services that compete with existing products and services on price and performance while reducing impact on the environment.

About the Deloitte Technology Fast 50 (TM)

The Deloitte Technology Fast 50(TM) program is Canada's pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features four distinct categories including the Technology Fast 50(TM) Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies in business less than five years, with the potential to be a future Deloitte Technology Fast 50(TM) candidate,) Leadership Awards (companies that demonstrate technological leadership in four industry subcategories: hardware/semiconductor, software, telecommunications and emerging technologies) and the Deloitte Technology Green 15(TM) Awards (Canada's leading GreenTech companies that promote a more efficient use and re-use of the earth's resources in industrial production and consumption.) Program sponsors include Deloitte, Gowlings, GrowthWorks, RBC, Wellington Financial, Stonewood Group, HKMB Hub, CATAAlliance, CleanTech Group, IGLOO, ITAC, MaRS and Microsoft. For further information, visit www.fast50.ca.

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