SOURCE: Cleantech Open

Cleantech Open

November 12, 2010 12:55 ET

Suntulit in the Race to Win Cleantech Open's 2010 National Prize

Multi-Zone HVAC With Ambient Intelligence Cuts Energy Usage by 30 Percent

FREMONT, CA--(Marketwire - November 12, 2010) - Offering an ambient intelligence product, SMART HVAC -- the first fully automated climate control system that fine-tunes temperatures in every room while cutting energy usage -- has catapulted Suntulit into the race to compete for the National prize at the Cleantech Open National Awards Gala and Expo to be held in San Jose on November 17.

Selected as a finalist in the prestigious Cleantech Open business competition, Suntulit will demonstrate its innovative solution before an audience of industry leaders and investors. SMART HVAC costs up to 80 percent less than conventional multi-zone HVAC systems, installs in only two hours, and automatically learns and predicts user needs. Suntulit is already in beta testing with a major California utility.

In March of this year, 271 teams across five regions submitted entries to the Cleantech Open business competition. 81 of those teams made it through to the semifinals; 18 teams were selected as finalists after a rigorous judging process. "Suntulit offered the best combination of environmental and financial impact as well as disruptive innovation," stated Rex Northen, executive director of the Cleantech Open's. "Suntilit's product promises to offer an easy and affordable retrofit solution, paving the way for widespread adoption of energy saving devices."

Houses often have inefficient heating and cooling systems, in part because they are centrally controlled and don't allow for reduced function to only target occupied areas. Suntulit's solution is to automate and refine domestic HVAC systems with a network of long-life, wireless sensors that are easily mounted on any wall. The sensors work together to help tell a tiny mechanical device in Suntulit's Smart Vents -- also a long-lasting wireless unit -- when to open or close, which prevents wasted power in unused rooms and directs all the air to the occupied parts of the house. Because Suntulit's system can correctly sense when a room is occupied and can learn and predict when a person is likely to be in a room, furnaces and air conditioners can be operated for less time and help save precious dollars. With a highly affordable solution that is easy to install and worry free, Suntulit aims to be a disruptive force in the fast-growing energy efficiency retrofit market.

"We are really honored and excited with the recognition and support we've received from the Cleantech Open," said Sumimderpal Singh, CEO of Suntulit. "We believe we have a winning combination of technology, strategy, and team and are well poised to make an immediate and positive change for everyday homeowners."

The 2010 Cleantech Open competition offers more than $1 million in total prizes and aims to create 100,000 green-collar jobs in America by the end of 2015 with its "100K Jobs Challenge." Currently, 22 states participate in the Cleantech Open program, and over 30 states are expected to contribute companies to the program in 2011.

Named after the Sanskrit word for 'Balance,' Suntulit is a Silicon Valley company focused on balancing building system performance and efficiency with Ambient Intelligence -- a form of automation that is sensitive and responsive to the presence of people. Founded in 2008, the company has locations in Fremont California and Bangalore India.

The Cleantech Open is made possible by the generous support provided by Global Partner: Chevron; Global Foundation Partner: Ewing Marion Kauffman Foundation; National Sponsor: Autodesk; Multi-Regional Gold Sponsor: Wells Fargo. The California region is additionally supported by Platinum Sponsors: Pacific Gas & Electric and Wilson Sonsini Goodrich and Rosati. The North Central and Rocky Mountain regions are additionally sponsored by Platinum Sponsor Faegre & Benson. The Pacific Northwest region is additionally sponsored by Platinum Sponsor Wilson Sonsini Goodrich & Rosati.

The Cleantech Open is the world's largest cleantech business competition. Its mission is to find, fund and foster entrepreneurs with big ideas that address today's most urgent energy, environmental and economic challenges. The program provides the infrastructure, expertise and strategic relationships to turn ideas into successful global cleantech companies. Since 2006, through its one-of-a-kind annual business competition and mentorship program, the Cleantech Open has helped hundreds of clean technology startups bring their breakthrough ideas to fruition, helping alumni contestants raise over $280M and creating an estimated 2,000 green collar jobs. Fueled by a network of more than 750 volunteers and sponsors, the Cleantech Open unites the public and private sectors in a shared vision for making America's cleantech sector a thriving economic engine. Cleantech Open websiteblogFacebookLinkedInTwitter: @cleantechopen.

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