SOURCE: Premier Alliance Group, Inc.
CHARLOTTE, NC--(Marketwire - Nov 19, 2012) - Premier Alliance Group, Inc., (OTCQB: PIMO) a strategic advisory, services, and solutions firm focused on providing 360° Intelligence Delivery through our Knowledge Based Expertise ("KBE"), today announced that its Energy and Sustainability Division has been engaged to implement Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program for Ring Container, a multinational corporation focused on finding sustainable solutions for the consumer packaging industry. Premier Alliance has identified $240,000 of incentives from SCE that will be applied towards enabling Auto-DR. Once installed and operational, SCE will be able to call upon Ring Container to voluntarily load shed up to 800 kW of electricity during peak usage periods.
The scope of the project includes installation of control systems that will allow the safe and systematic shutdown of heavy facility equipment in Ring Container's multiple production lines along with multiple chillers, compressors and manufacturing lights, all based on pricing and performance signals from SCE. This functionality will allow Ring Container to take advantage of SCE's Demand Bidding Program, which offers rebates on a kWh basis and could represent over $3,000 of utility savings for each Demand Response event.
"I am extremely pleased that Ring Container selected us to implement their Demand Response program," stated Rob Davis, Senior Vice President of Energy Services for Premier Alliance. "Over the past several years we've worked hard to develop symbiotic vendor/contractor relationships with major utilities throughout California and the U.S. as a whole. That work is paying off and giving us a competitive edge in the energy management industry and will allow us to continue to grow that market segment in 2013 and beyond."
About Premier Alliance Group, Inc.
Premier Alliance Group, Inc. (OTCQB: PIMO) provides Knowledge Based Expertise ("KBE") through its strategic advisory, services, and solutions delivery capabilities. The firm provides 360° Intelligence Delivery -- a holistic approach to meet client objectives -- through our Professional Services and Solutions Groups. Our focus is in the following industries today; Energy, Financial Services, Life Science and Biotechnology, Government, and Technology. We currently have two major delivery verticals of Finance and Energy capabilities driven by increased financial regulations and energy mandates crossing many industries. Our financial service deliveries encompass Governance, Risk & Compliance (GRC), Business Performance & Technology, and Finance & Accounting as we assist clients with Risk Management, Compliance, Mergers & Acquisitions, Organizational Effectiveness, Project Management, and Information Management. Our Energy capabilities position us as a leading provider of energy efficiency and sustainable facilities solutions. This includes the design, engineer and install of disparate solutions and technologies that enable clients to reduce their energy costs and carbon footprint. Premier Alliance is headquartered in Charlotte, NC. For more information, visit www.premieralliance.com.
Safe Harbor Statement
Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking.