PALM SPRINGS, CA--(Marketwire - Mar 21, 2013) - AttuneRTD ("Attune" or "the Company") (OTCQB: AURT), a leader in the design and development of proprietary energy management systems that eliminate inefficiencies and curtail excess energy consumption, today announced the initial delivery of 20 BrioWave® Smart Energy Management Controllers to Desert Electric Supply under an exclusive agreement.
To maintain the exclusive agreement, Desert Electric Supply is required to purchase a minimum of 250 BrioWave units annually for an initial period of two years. Further, Attune will be the only supplier of energy management systems that Desert will carry for that period.
Established in 1972 with four locations, Desert Electric is a substantial presence in the retail and commercial electrical supply sector in the Coachella Valley, including Palm Springs, Rancho Mirage and customers in the High Desert including Yucca Valley and the TwentyNine Palms Marine Base. Desert Electric's reputation for quality service along with a network of electricians and experienced sales and support staff represent a strong local partner for Attune's BrioWave products.
"The Coachella Valley is expected to have a population of more than 600,000 by 2020," said Shawn Davis, Chief Executive Officer of Attune. "With an extremely heavy concentration of permanent pools and HVAC units, the area is a natural for Attune's BrioWave energy management technology. The exclusive relationship with Desert Electric will provide a seamless customer purchase and installation experience coupled with exceptional ongoing service and support."
Eighty-five million homes in the US have installed heating and cooling units. Sixteen million have pools and hot tubs. Pro-active management of energy consumption, as opposed to relying on built in efficiencies ensures maximum performance at the lowest possible cost. This problem is not confined to the U.S. Generators worldwide are grappling with the increasing growth of consumption that outpaces the ability to deliver reliable energy at reasonable cost. The solution is our unique capability to gain energy efficiency through management; an unparalleled approach to the worldwide problem of growing consumption.
While Attune has identified this large market for the initial deployment of its technology, there are several other energy efficiency applications to be addressed, including solar panel arrays and the growing home charging of automobiles. Our technology has shown that it can save consumers up to 60% annually as well as realizing payback in as little as 12 months. It can also be easily monitored and configured online from anywhere in the world through our Global User Interface.
Management has opened several retail and commercial sales and marketing discussions. The Company is confident it will deliver significant and ongoing revenue growth through direct and installer sales as well as potential joint ventures with major state utility companies.
California-based AttuneRTD is bringing to market a series of smart products that, by themselves, are designed to create outstanding value for consumers, resellers and utilities by optimizing existing energy management technologies while also maximizing synergies between such technologies to further increase value. The Company's BrioWave intelligent pool systems controllers, designed to keep pools running at their best and most efficient, are capable of saving as much as 60% of typical energy costs.
This press release may contain forward-looking statements, including information about management's view of Attune's future expectations, plans and prospects. Statements made in this news release, are forward-looking statements, which involve known and unknown risks, uncertainties and other factors, which may cause the results of Attune to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents SFI files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Attune cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these statements. Finally, Attune undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Attune.