SOURCE: GreenWave Reality

GreenWave Reality

June 20, 2011 06:00 ET

GreenWave Reality Energy Management Solution Selected for New "Green" Homes in Tianjin Eco-City

Easy-to-Use Solution Will Enable Consumers to Conserve Energy and Enhance Lifestyles

IRVINE, CA and TIANJIN, CHINA and SINGAPORE--(Marketwire - Jun 20, 2011) - GreenWave Reality, an innovator in home energy management and automation systems, announced today that it has been selected by Tianjin Eco-City (TEC) Ayala Land Development -- a joint venture between Philippines' largest real estate company Ayala Land and Sino-Singapore Tianjin Eco-City Investment and Development -- to provide its Home Energy Management solution to be installed in the upcoming residences in Tianjin Eco-City. The Tianjin Eco-City is a 30 square kilometer, landmark bilateral project between China and Singapore to create a harmonious and sustainable community that meets the needs of an urbanizing China and will be a modern township where 350,000 residents will live, work and play.

TEC-Ayala's project called "The Elegance" -- the initial phases of which will encompass over 1,200 units -- will feature the GreenWave Reality Home Energy Management solution that will give residents greater visibility and tools to help them conserve energy, along with additional home automation features. The GreenWave Reality solution is a secure and easy-to-use system that will enable residents to contribute to the overall success of the Tianjin Eco-City community. The well-planned residential development features attractive floor plans and impressive landscaping including ribbon-like paths that connect the buildings to each other to encourage social interaction among the residents.

"GreenWave Reality demonstrated an exceptionally high level of innovation and compatibility in their end-to-end solution, making them an excellent partner to meet the needs of our development and of the Tianjin Eco-City project," said Kenny Phua, General Manager of Tianjin Eco-City Ayala Land Development. "The GreenWave Reality solution provides an extraordinarily high level of usability that was a key deciding factor in their selection."

Each resident will receive a GreenWave Reality package that includes single- and multi-port intelligent PowerNodes™ that make connected devices smart and controllable, and an in-home energy display, all connected to the advanced Gateway. The solution also includes window, door and motion sensors, as well as wireless cameras, which allow consumers to further automate their lives. Consumers will have access to an intuitive, custom application from their computers and smartphones to understand their energy use and control their devices with advanced Smart Controls, thereby reducing their energy consumption while enhancing their lifestyle.

"GreenWave Reality is proud to have been selected as a technology partner providing our innovative and easy-to-use residential energy management solution to the Eco-City project in Tianjin," said Greg Memo, CEO, GreenWave Reality. "The Tianjin Eco-City is an ambitious project, demonstrating the determination of both China and Singapore in tackling environmental protection, resource and energy conservation, and sustainable development, and serves as a model for sustainable development for other cities in China."

About GreenWave Reality
GreenWave Reality is a global innovator in the emerging Home Energy Management market. The company provides an affordable, easy-to-use, standards-based platform that allows utilities and builders to strengthen their relationship with customers and better balance energy on the grid while consumers can conserve energy and enhance their lifestyle by easily monitoring and controlling their appliances, lighting, and high-load devices. GreenWave Reality is also a member of the IPSO, ZigBee and Z-Wave alliances. The company was awarded the Danish Green IT Innovation Award by the IT Industry and Science Ministry of Denmark in 2010. GreenWave Reality's funding is led by Craton Equity Partners with additional support from the Singapore Economic Development Board (EDB). GreenWave Reality has offices worldwide including Irvine, Copenhagen, and Singapore.

About Sino-Singapore Tianjin Eco-City (SSTEC)
SSTEC is the master developer for the Tianjin Eco-City. It is a 50/50 joint venture between the Chinese Consortium led by Tianjin TEDA Investment Holding Co., Ltd (Tianjin TEDA) and the Singapore Consortium led by the Keppel Group.

The Tianjin Eco-City is a landmark bilateral project between China and Singapore with private-sector investment and development. Located in the Tianjin Binhai New Area (40 km away from Tianjin city centre), the 30-sq km Tianjin Eco-City is envisioned to create a harmonious and sustainable community that meets the needs of an urbanizing China and will be a modern township where 350,000 residents can live, work and play.

When completed, the 4-sq km Start-Up Area will be home to 26,500 households, with the first batch of residents expected to move in around 2012.

For more information about Sino-Singapore Tianjin Eco-City, please visit www.tianjineco-city.com

About Ayala Land
Ayala Land, Inc. (Ayala Land) is the Philippines' largest full-line property developer engaged principally in the master-planning, development and marketing of large-scale communities having a mix of residential, commercial and other uses.

Its core business operations comprise strategic land bank management, residential development, the development and leasing of shopping centers and corporate office buildings, and the development of world-class hotels and resorts. These are complemented by support businesses in construction, property management, and geographic developments.

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