SOURCE: Maine & Maritimes Corporation

April 11, 2006 08:30 ET

Leading Energy Governance Solution Released by Maricor Technologies, Inc.

PORTLAND, ME -- (MARKET WIRE) -- April 11, 2006 -- Maricor Technologies, Inc. (MTI), a subsidiary of Maine & Maritimes Corporation (AMEX: MAM), today announced the release of its Energy Governance solution. Powered by its iPlan™ platform technology, Maricor Technologies' Energy Governance solution brings to the market an enterprise energy capital planning, optimization, and performance management solution.

As energy markets continue to prove volatile and unpredictable, MTI recognizes the critical role that Energy Governance plays in maintaining fiscally and environmentally responsible operations. The urgent need to identify the most optimum energy-saving systems and retrofits for facility assets is a critical issue facing companies, school districts, local, state, provincial, and federal governments across North America. Energy Governance assists organizations in addressing these significant challenges by simplifying and streamlining the energy investment decision-making process.

"With historically high energy prices and the need to address climate change through emissions reduction, we are truly at a point when we must make responsible energy-related investment decisions. These decisions have a dramatic impact on facilities' near-term performance, but also have long-term impacts on the sustainability of our world," according to J. Nick Bayne, CEO. "Our vision is to support sustainable decision-making through technically-oriented energy capital planning solutions responsive to all organizations desiring to improve the sustainable performance of their facility assets. Historically, these best energy-related practices were too often implemented outside of an organization's capital planning process, resulting in energy efficiency investment projects never being implemented."

MTI's Energy Governance solution fully supports facility asset performance assessments, analysis, planning, and monitoring of energy investments. From the initial screening of a building's energy performance according to key performance indicators, such as an Energy Utilization Index, to a full assessment and optimization analysis of energy retrofits, to measurement and verification of energy savings, our Energy Governance solution supports the entire evaluation process.

The software solution includes Gridlogix's EnNET®, providing device-to-enterprise integration through web services, and the Facility Energy Decision System (FEDS) developed by Battelle Memorial Institute. EnNET facilitates the capture of energy-metered data within iPlan™ Energy Governance to support reporting of key performance indicators and measurement, as well as verification of energy savings. FEDS determines optimal retrofit opportunities and associated savings in energy and emissions for buildings that are inefficient compared to relevant benchmarks.

Hal Gentry, CEO of Gridlogix, stated, "Gridlogix is excited to be part of a total solution pioneered by Maricor Technologies that enables customers to reap the benefits of integrating real-time energy data with enterprise business processes. This solution maximizes the value of time sensitive information throughout the organization all the way to the executive suite."

Energy Governance delivers material benefits to the marketplace with quantifiable results and market-based returns on investment including:

--  Energy investment planning based on engineering and economic sciences;
--  Identification of lowest lifecycle cost of energy systems for all
    building types;
--  Provision of consistent options analysis for optimal energy retrofit
    decision making;
--  Reduction in time and labor required to collect, analyze, and update
    building data;
--  Provision of easily interpretable analyses and reporting through a
    highly effective performance dashboard accessible to meet all stakeholders'
    requirements;
--  Analysis and provision of information for project funding proposals
    and energy cost-savings programs; and
--  Merges energy investment decision-making into overall capital planning
    process.
    
Maricor Technologies, Inc. develops information and software products for sustainable governance of facilities and buildings. By combining leading strategic management methods with proven engineering and economic models, MTI's products deliver the information organizations need to manage facility asset portfolios; optimize capital, maintenance, and energy budgets; reduce emissions; improve security; and ensure comprehensive and transparent reporting on facility asset performance to all stakeholders. Through our solutions, we optimize energy and asset investments according to sustainable principles. For more information about Maricor Technologies, Inc., please visit our website at www.maricortech.com.

Maine & Maritimes Corporation is the parent company of Maricor Technologies, Inc., a sustainable facility governance information technology based subsidiary; The Maricor Group, Canada Ltd and its U.S. subsidiary, The Maricor Group New England, Inc., both engineering, energy efficiency, asset development and facility lifecycle asset management services companies; and Maricor Properties Ltd, a Canadian real estate development and investment company, and its Canadian subsidiaries, Mecel Properties Ltd and Cornwallis Court Developments Ltd; and Maine Public Service Company, a regulated electric transmission and distribution utility. MAM is headquartered in Presque Isle, Maine, and its subsidiaries maintain offices in Moncton and Saint John, New Brunswick, Canada; Halifax, Nova Scotia, Canada; Boston, Massachusetts, and Portland, Maine. MAM's corporate website is www.maineandmaritimes.com

Cautionary Statement Regarding Forward-Looking Information

NOTE: This presentation contains 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, as amended. Although Maine & Maritimes Corporation ("MAM") believes that in making such statements, its expectations are based on reasonable assumptions, any such statement involves uncertainties and risks. MAM cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided, including, without limitation, potential changes in applicable laws and regulations, potential changes in Management, MAM's ability to raise necessary financing, and MAM's ability to execute its business plans in a timely and efficient manner.

Contact Information

  • For More Information Contact:

    Jim Kavanagh
    Chief Marketing Officer
    Tel: 207-828-7900 x101
    Email: Email Contact