Power Measurement Receives $2.5M in Funding from SDTC Monday, October 2, 2006 Power Measurement / Schneider Electric Receives $2.5M in Funding from SDTC for its Enterprise Energy Management Solutions http://www.pwrm.com Vancouver, BC, October 2, 2006--(T-Net)--Victoria, BC-based technology company Power Measurement — now part of global power and automation leader Schneider Electric — today announced it has secured $2.5 million in funding from Sustainable Development Technology Canada, subject to final contract negotiations, to support the development and demonstration of its enterprise energy management software and hardware platform. Enhancements to the EEM technology will help deliver the intelligence and control needed by commercial and industrial energy consumers to improve energy efficiency and reduce energy-related emissions. “This funding will help us continue the momentum in developing our EEM solutions,” stated operations director, Jacques Van Campen. “Staying competitive in the face of rising fuel costs and new environmental mandates is a major challenge for most companies. We believe EEM will change the way businesses think about energy and greenhouse gas emissions. It gives managers a unified set of tools to help them understand their usage patterns, attribute costs, reveal opportunities and set strategic goals. The system then helps them track performance and ultimately cut consumption and emissions.” Comprising a network of advanced energy meters and web-enabled software, the company's PowerLogic-branded EEM solutions will provide accurate, real-time data on the consumption of electricity and all piped utilities (including natural gas) as well as outflow monitoring for SO2, NOx and waste water. Advanced modeling and visualisation tools convert data into actionable information, helping companies manage their green building initiatives and energy efficiency programs, monitor their adherence to ISO 14001 or other sustainability goals, and identify best practices. The information can also be used by energy providers to develop utility load management strategies. The Power Measurement Victoria, BC location is now one of three Schneider Electric global centres of excellence for power and energy management solutions development. For more information, visit: www.pwrm.com www.powerlogic.com About Power Measurement: Power Measurement is now part of global power and control specialist, Schneider Electric. Selling products and services under the Square D, Merlin Gerin, and Telemecanique brands in over 130 countries, Schneider Electric has integrated its successful PowerLogic product range with leading-edge ION technology from Power Measurement, producing the world’s largest range of power and energy management solutions. Contact: Terry Tobin, Communications Specialist Tel: (250) 652-7100 x7528 terry.tobin@ca.schneider-electric.com About Sustainable Development Technology Canada: SDTC is a foundation created by the Government of Canada that operates a $550 million fund to support the development and demonstration of clean technologies — solutions that address issues of climate change, clean air, clean water, and clean soil to deliver environmental, economic and health benefits to Canadians. SDTC encourages collaboration among private, financial, academic, public sector partners and with the Canadian government to build a sustainable development infrastructure in Canada. Contact: Andrée Mongeon, Director of Communications Tel: (613) 234-6313 x 224 a.mongeon@sdtc.ca www.sdtc.ca Media Contact: Terry Tobin, Schneider Electric, 250-652-7100 x7528   See All News Releases From This Company View Company Website Email To A Friend Printer-Friendly Format