NWP Services Corporation Launches "NWP Labs" -- First R&D Laboratory Dedicated Solely to the Multifamily Housing Industry

IRVINE, CA--(Marketwire - Feb 21, 2012) - NWP Services Corporation (NWP), a leading provider of financial transaction processing solutions for the multifamily housing industry, today announced the opening of NWP Labs, the first research and development (R&D) lab for the multifamily housing industry. NWP Labs, located in Minneapolis, solidifies NWP's long-term commitment to R&D investment in its resident billing, electronic rent payment and utility management services. The company also released the latest version of their platform, NWP 12.0.

"NWP Labs is an R&D incubator for the multifamily housing industry that will ultimately deliver the latest technologies and innovations directly from the research mode to our customers," said Jim Charles, senior vice president, NWP. "In the last 12 months, NWP has invested several million dollars in exciting new R&D technologies that we believe will have a positive impact on the U.S. multifamily housing market."

In addition to the significant financial investment, NWP's engineering and product teams introduced more than 591 enhancements in 30 releases in a cloud environment, improving service quality and performance for customers. Over the next five years, the company will continue to invest in R&D, following a rigorous monthly schedule to build on the solid performance of its core billing platform NWP 12.0 and product families. These are supported by SSAE 16 Type I Audits and Payment Card Industry (PCI) Level 1 Certification. Engineering will also extend to important new areas of growth in emerging businesses, such as smart meters, smart grids, solar power, business intelligence, benchmarking, big data, resident consumption behavior, mobile and tablet devices, and unified communications technologies to drive additional operational efficiencies and financial benefit for customers who use electric, gas, water, sewer and waste services.

"NWP's new offerings are simple, engaging and intuitive," continued Charles. "NWP Labs will enable us to continue pushing the envelope in innovation and delivering real value for customers. Mobile computing is the platform of the future, beyond SaaS, and NWP is fully committed to solutions that bring Business Intelligence and Analytics on mobile devices to the multi-family industry."

NWP has pioneered the development of the 'analytics portfolio' -- a portfolio in which accurate, real-time data automatically feeds models of the key business indicators, and in which the decision processes are seamlessly and completely optimized based on alerts and tradeoffs. This integrated system provides data-driven advanced analytics services offering customers energy management and supply chain logistics and a platform for new offerings.

About NWP Services Corporation
Headquartered in Irvine, Calif., NWP Services Corporation (NWP) provides smart solutions to lower operating and utility costs for the multifamily industry including resident billing, resident payment, utility management, MRO, and submetering services. Resident billing helps owners recover utility expenses including convergent rent and utility billing with Resident OneBill. NWP's Resident ePay service allows residents to pay rent, utilities and other charges online or in person with funds transferred to the bank electronically. NWP's utility management product, UtilitySmart, helps owners and operators optimize utility spend and MRO Managers lower operating costs and improve service, increasing Funds from Operations (FFO), Net Operating Income (NOI), resident satisfaction increasing the asset value of multifamily properties. NWP is the industry's premier provider of nationwide submetering installation and maintenance services. Additional information is available at www.nwpsc.com.