SOURCE: OPTIMAL TECHNOLOGIES INTERNATIONAL INC.

Optimal Technologies International Inc.

March 03, 2009 03:01 ET

Optimal Technologies Named AlwaysOn GoingGreen 50 Winner

Company Selected as a Leading Green Technology Innovator for Smart Grid Technology

RALEIGH, NC--(Marketwire - March 3, 2009) - Optimal Technologies International Inc., the leading developer of technologies to optimize smart grid systems, today announced that it has been selected to the 2009 GoingGreen East 50 Top Private Company list. The GoingGreen East 50 Award is given to private, emerging companies creating new business opportunities in green technology. Optimal Technologies, one of only seven companies selected in the energy efficiency and management category, was chosen for the award based on the criteria of demonstration of growth, market opportunity, quality of innovation and customer traction.

As the leading developer of power grid system analysis and optimization technologies and the only developer of grid improvement ranking technology, the Raleigh-based smart grid developer, Optimal Technologies, enables utilities to maximize the usage of alternative energy resources such as sun and wind power. In December, Optimal released its recommendations to the Obama Administration on making our antiquated power grid a top priority in the race to add renewable energy and create new jobs.

"Global power demand is increasing drastically and leaders are beginning to recognize the need for optimized energy efficiency. We at Optimal envision a truly 'genius' grid that will be reliable and secure, reduce greenhouse gases, prevent energy crises like blackouts, and enable powerful alternative energy technologies," said Roland Schoettle, founder of Optimal Technologies. "Being named a GoingGreen Top 50 greentech company validates our strategy of offering the most cost-effective solution for revolutionizing the power grid and enabling a quick transition to a renewable energy based system."

"The GoingGreen East 50 companies have demonstrated their tenacity even in the toughest economic conditions that the technology world has ever encountered," said Tony Perkins, founder and editor of AlwaysOn. "We applaud their success in pushing the boundaries of innovation, creating market opportunities and transforming the industry even in the earlier stages of their businesses."

The GoingGreen East 50 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2009 list.

Optimal Technologies and the other GoingGreen East winners will be recognized at the GoingGreen East Conference at the Four Seasons in Boston, Mass., on March 9-11. This two-and-a-half day executive conference is co-presented and will feature presentations and high-level debates from CEOs, journalists, industry experts, investors and greentech executives.

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.

About AlwaysOn

AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Summit at Stanford, OnMedia, OnHollywood, GoingGreen East and West, Venture Summit East and West) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.

Contact Information

  • Media Contacts
    For Optimal Technologies
    Jason Mandell or Amy Neal
    415.625.8555
    otii(at)launchsquad(dot)com