December 10, 2007 18:44 ET

Optimal Technologies Opens U.S. Headquarters in Research Triangle Park, North Carolina

Green Technology Company Plans to Create 325 New, Local Jobs Over Three Years; Grants Awarded by State, City Governments

RALEIGH, NC--(Marketwire - December 10, 2007) - Optimal Technologies International, a leading developer of technologies to optimize power grid systems and creator of complete building automation platforms, today announced the opening of its new main North American location in the City of Raleigh, North Carolina. The location will house its expanding research, sales and marketing, development and administration departments with some employees relocating from the Alberta offices in Canada. The company anticipates that the new office location will create 325 local jobs by 2010 in engineering and administrative roles, including designers, software and application programmers, executive management and customer support personnel, among others.

The One North Carolina Fund awarded a grant to Optimal Technologies as part of the State's recruiting effort. The grant, which was announced separately today by the State of North Carolina Office of the Governor, helps recruit and expand quality jobs in high value-added, knowledge-driven industries.

In helping to recruit Optimal, the City of Raleigh matched the State's grant award for the first time ever. The factors noted for awarding the grant to Optimal were the company's funding from well-respected, global investment firm Goldman Sachs, the beneficial economic impact of an office location in downtown Raleigh, potential collaborations with other local businesses and the company's green technology and environmentally responsible objectives. The Research Triangle Regional Partnership was instrumental in assisting Optimal with its new office location and in becoming acquainted with the area.

"We selected Raleigh and the Research Triangle Park region as the base for our U.S. operations because of the support and enthusiasm we've received from the City of Raleigh and Governor Easley's state administration. We were pleased to have the opportunity to apply for grant incentives from the State of North Carolina. State and local government have fostered growth and development in the area, encouraging the large talent pool for engineering, computing and environmental studies," said Optimal CEO Roland Schoettle. "We look forward to contributing to the community's economic and business progress in a sustainable way. Optimal expects to benefit greatly from everything the area offers and we plan to give back in the best ways we can."

Optimal Technologies, which recently announced second round funding of $25 million from Goldman Sachs, plans to leverage the engineering, computing and environmental strengths of nearby universities, as well as the talent of Wake and Durham counties, to build its staff in the area. The company's move brings a new technology and product line that is unique to the area's economy and will support the community's growth and diversification.

Optimal's mission is to make it easy for utilities, businesses and consumers to analyze and manage energy infrastructures from production to output for complete optimization and efficiency. Optimal's products will be available globally and will contribute to efforts to eliminate blackouts, dramatically reduce greenhouse gas emissions and improve third world economies by ensuring efficient power management.

With 45 patent applications in progress, Optimal's product suite includes supply side electric power grid optimization and analysis software, called AEMPFAST™, and a demand side energy efficiency and building automation system called SUREFAST™. Both products will be brought to market in 2008.

AEMPFAST technology provides power utilities of all sizes the capability to make power grids more efficient, more reliable and more environmentally friendly, resulting in lower operating costs, far fewer blackouts and brownouts and easier integration of renewable generators, such as wind and solar. In all client cases, AEMPFAST technology has identified improvements in system capacity of at least 10 percent. The technology is unequaled in its ability to optimize power deliveries through power grids.

SUREFAST software, hardware and Internet-based technologies are for commercial and residential buildings, campuses and utilities. The SUREFAST platform provides advanced energy management and automation for intelligent, efficient and responsive buildings and homes.

Optimal's new U.S. operational headquarters is 27,000 square feet located on the 19th floor of Two Progress Plaza, 100 East Davie Street, in downtown Raleigh, North Carolina.

About Optimal Technologies

Optimal Technologies develops solutions to help power utilities, businesses and consumers maximize their energy usage. 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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