PEER 1 Expands in Toronto Area with Green Data Center
Tuesday, May 12, 2009
Vancouver, BC, May 12, 2009--(T-Net)--PEER 1 Network Enterprises, Inc. (TSX:PIX), a global online IT hosting provider, today announced that the company has begun build out on a 41,000 square foot green data center in the Toronto area. The new facility will implement some of the most efficient products and technologies on the market, including the use of a local well for primary water supply with redundant connection to the city water system to reduce overall carbon footprint and provide lower energy consumption. The first of four planned stages is scheduled for completion in early 2010, and will include 7,500 square feet of data center space, and 8,000 square feet of office and staging area at an estimated capital cost of U.S. $10 million. The remaining 25,500 square feet will be dedicated to additional datacenter space and infrastructure which will be built out in three future phases based upon customer demand and market conditions.
Some of the efficiencies planned include the use of redundant high efficiency VFD centrifugal chillers and heat exchangers to take advantage of "free cooling" during colder months, providing significant energy savings. This also enables the company to use more environmentally friendly refrigerants not commonly found in current air-cooled systems.
"Our philosophy is to develop the most efficient data center facilities possible, with increased power densities and high reliability that will help provide our customers with a base from which to grow their online businesses," said Fabio Banducci, president and CEO for PEER 1. "A state-of-the-art data center is a strategic foundation for great customer experiences, and we believe the new facility will have a very positive impact on future growth and returns."
The PEER 1 data center will offer scalable managed hosting, dedicated hosting through the ServerBeach brand and co-location services within the Toronto facility. This will be the first time all three types of hosting will be offered by the company from a Canadian-based facility. Strategically located just 18 miles or 30 kilometers from the heart of Toronto, the company is one of the only hosting providers to offer all three major types of web hosting under one roof.
The facility will have capacity for approximately 700 normal cabinet equivalents (NCE) for co-location and 9,000 servers for managed and dedicated hosting, with the flexibility to alter the mix of these core services based on future customer demand.
PEER 1 also announced its membership in The Green Grid. The Green Grid is a global consortium dedicated to advancing energy efficiency in data centers and business computing ecosystems. The Green Grid seeks to provide industry-wide recommendations on best practices, metrics and technologies that will improve overall data center and business computing energy efficiencies. By joining The Green Grid, PEER 1 is helping influence both developers and end users of data center technology.
"Our goal is to maximize energy efficiency across our data centers in all locations, with Toronto serving as our model sustainable facility from which we will continue to implement additional green initiatives," said Ryan Murphey, vice president of facilities & data center operations for PEER 1. "Along with the use of innovative power conservation strategies, PEER 1 continues to review reliable customer solutions that minimize environmental impact."
PEER 1 will provide further detail on its Toronto expansion plans during its quarterly conference call on Thursday, May 14, 2009 at 5:30 p.m. (EST). To access the conference call by telephone, dial (416) 644-3417 or 1-800-732-6179. Please connect approximately 15 minutes prior to the beginning of the call. The conference call will be archived for replay until Thursday, May 21st, at midnight. To access the archived conference call, dial (416) 640-1917 or 1-877-289-8525 and enter the reservation number: 21303393 followed by the number sign.
A live audio webcast of the conference call will be available at:
Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be archived at the above website for 90 days.
About PEER 1
PEER 1 believes in the limitless opportunity of the Internet, and the business growth potential it provides for its more than 10,000 customers. As a global online IT hosting provider, PEER 1 offers a reliable high performance Internet network supporting scalable managed hosting, dedicated hosting through the ServerBeach brand, and co-location solutions. Backed by its 100 percent uptime guarantee and 24x7x365 FirstCall Support(TM), PEER 1 ensures customers' online presence is always fast, always available. Since 1999, PEER 1 has grown to include 16 state-of-the-art data centers in North America and points-of-presence in Europe. The company's headquarters are in Vancouver, Canada and the stock is traded on the TSX under the symbol PIX. For more information visit: www.peer1.com.
Forward Looking Statements:
Statements in this release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, general economic conditions, changes in technology, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in PEER 1's public filings with securities regulatory authorities.
For further information
Media Contacts: For PEER 1: Stefanie Johansen, (425) 452-5468, email@example.com
Investor Inquiries: Thomas McMillan, The Equicom Group, (403) 536-5903, firstname.lastname@example.org
PEER 1 Hosting
Vancouver, BC (InfoTech)
70 Employees In BC (400 Total)
Founded: 1999 | Revenues: $97.90 Million
Since 1999, PEER 1 Hosting has grown into one of the world's top 5 hosting providers.