SOURCE: EcoFactor

EcoFactor

April 24, 2013 07:15 ET

EcoFactor® Wins 2013 GTM Research Innovation Award

EcoFactor Energy Efficiency Services Recognized as Market Leader in Home Area Networks as Integral Component of XFINITY Home

REDWOOD CITY, CA--(Marketwired - Apr 24, 2013) - EcoFactor's cloud-based residential energy service has been recognized by GTM Research as a market leader for delivering energy efficiency as part of XFINITY Home, a total home security and control solution from Comcast.

The GTM Innovation Award recognizes EcoFactor is one of eleven leading companies selected from The Networked Grid 150. EcoFactor integrated its SaaS infrastructure with Comcast to provide XFINITY Home subscribers significant monthly HVAC savings on their energy bills.

"We are proud to receive this special tribute from GTM Research for delivering energy efficiency for the XFINITY Home service and to be among the winners of these prestigious awards for market-leading innovation," said Roy Johnson, CEO at EcoFactor. "It is gratifying to be recognized as best-in-class for our performance, integration, market positioning and growth potential."

"We are pleased to collaborate with EcoFactor and be a part of this award recognition," said Mitch Bowling, Senior Vice President and General Manager of New Businesses for Comcast Cable.

GTM Research said it found EcoFactor to be uniquely positioned to meet increasing demand from MSOs and utilities with services that provide tangible ROI, are easily integrated, and offer a valuable piece of infrastructure. EcoFactor's big data analytics and predictive cloud-based software is set to optimize energy use for XFINITY Home subscribers nationwide.

About EcoFactor

EcoFactor powers residential energy savings through its integrated demand management SaaS platform. Its patented big data analytics and predictive algorithms generate double digit energy efficiency gains and markedly higher demand response load sheds. EcoFactor's software incorporates massive amounts of data, including a home's thermodynamics, family comfort preferences and local weather conditions, into sophisticated learning algorithms. This provides optimal savings while maintaining household lifestyle -- both critical components to ensuring consumer adoption. EcoFactor delivers its services through channel partners including Comcast, Reliant Energy, NV Energy, and Sacramento Municipal Utility District. Based in Redwood City, California, EcoFactor is privately held and funded by Claremont Creek Ventures, RockPort Capital Partners and Aster Capital.

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