SOURCE: Optimal Technologies

May 08, 2008 08:00 ET

Mayor Meeker and Business Leaders to Welcome Clean Energy Innovator Optimal Technologies to Raleigh, North Carolina

Developer of "Smart Grid" Technologies Hosting Office Opening Event for Local Government Officials and Business Leaders

RALEIGH, NC--(Marketwire - May 8, 2008) - Optimal Technologies International Inc., a leading developer of technologies to optimize power grid systems and advanced building automation platforms, today announced it is holding a grand opening celebration of its new national headquarters in Raleigh.

WHO:   Mayor Charles Meeker, Roland Schoettle, CEO Optimal Technologies,
       and over 200 local officials and business leaders
WHAT:  Optimal Technologies U.S. office opening celebration
WHERE: Two Progress Plaza, 100 East Davie Street, 19th Floor, Raleigh,
       NC 27601
WHEN:  Tuesday, May 13th from 5 to 8 p.m.

At the gala opening, Mayor Charles Meeker will make remarks about Raleigh's efforts to attract green technology and other key businesses to the region. David Diaz, President and CEO of the Downtown Raleigh Alliance, will address the ways that Optimal is helping to grow the city's economy and contribute to the revitalization of downtown. In addition, local business leaders and officials will have an opportunity to tour Optimal's facilities and meet key staffers at the clean energy technology company.

"Both the city of Raleigh and the State of North Carolina have demonstrated their commitment to promoting green business initiatives, providing the key grants that made it possible for us to relocate here," said Roland Schoettle, CEO of Optimal Technologies. "We are thrilled to be able to set up our U.S. operations in such an environmentally aware city, which offers meaningful support to our company and its commitment to clean energy. The region's immense talent pool in the areas of engineering, computing and environmental science has already paid off for us, as we have hired a number of highly qualified local applicants."

In all, Optimal Technologies plans to create 325 local jobs over the next three years in the areas of engineering, administration, designers, software and application programmers, executive management, customer support, and other office staff.

Optimal Technologies provides solutions to enable a more efficient, reliable and environmentally responsible electric power grid from end to end. The company's technology platform, AEMPFAST ("aim-fast"), being rolled out this month, enables deep, granular visibility into all parts of an electrical grid system, leading to at least 10 percent increase in efficiency, thus reducing costs and greenhouse gas emissions. The company's other major product, SUREFAST, an advanced building and home automation system that optimizes electrical usage in homes and buildings, will be released later this year.

About Optimal Technologies

Optimal Technologies develops solutions to help power utilities, businesses and consumers maximize their energy efficiency and minimize their carbon footprint. The company's mission is to enable a more efficient, reliable and environmentally responsible electric power grid. Optimal's unique products and services have the potential to create unprecedented industry, economic, environmental and consumer benefits worldwide. Optimal is a privately held company financed by Goldman Sachs International.

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