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TMCNet:  Comverge SmartPrice Named Smart Grid Product of the Year

[May 13, 2013]

Comverge SmartPrice Named Smart Grid Product of the Year

NORCROSS, May 13, 2013 (GLOBE NEWSWIRE via COMTEX) -- Comverge, Inc., the leading provider of Intelligent Energy Management solutions for Residential and Commercial & Industrial (C&I) customers, today announced that its dynamic pricing solution, Comverge SmartPrice(TM), has been named a 2012 "Smart Grid Product of the Year" by Crossfire Media and TMC. An integrated suite of software and hardware, SmartPrice helps utilities quickly and cost-effectively realize the benefits of a dynamic pricing program, such as significantly shaving peak demand, lowering customers' electricity bills and increasing customer satisfaction.


"It is my pleasure to recognize Comverge SmartPrice with a Smart Grid Product of the Year Award for its contribution to the advancement of smart grid technologies," said Rich Tehrani, CEO, TMC. "I look forward to seeing more innovation from Comverge in the coming year." Built on the Comverge IntelliSOURCE(TM) Demand Response Management System (DRMS), SmartPrice is a comprehensive solution that reduces the time, cost and complexity of dynamic pricing implementations and increases customer engagement. Flexible deployment options enable utilities to use a consumer's broadband network, a cellular network or a utility's Advanced Meter Infrastructure (AMI) to enable two-way information exchange. In addition, near real-time insights into energy prices from Web portals, programmable thermostats, in-home displays, or mobile devices empower consumers to take control of their energy usage. For more details on SmartPrice visit: http://www.comverge.com/DynamicPricing.

"As a flexible, scalable and cost-effective solution, SmartPrice is the perfect option for any utility - from investor-owned to publicly-owned to cooperatives - looking to implement an automated dynamic pricing program," said R. Blake Young, president and CEO, Comverge. "We developed SmartPrice with over a decade of experience deploying sophisticated automated dynamic pricing programs, and are pleased to see it recognized as one of the Smart Grid products of the year." The "Smart Grid Product of the Year" award builds on a number of industry accolades that Comverge has received this year. At DistribuTECH 2013, Comverge customer Gulf Power was recognized by the editors of POWERGRID International for its impressive dynamic pricing program that was named the demand response and energy efficiency "Project of the Year". In addition, the Smart Grid Consumer Collaborative (SGCC) recognized Comverge for its excellence in customer education with the 2013 SGCC CLEAR Award.

For more information on the Smart Grid Product of the Year award, visit: http://smart-grid.tmcnet.com/news/2013/05/01/7103614.htm.

About Comverge Comverge delivers a comprehensive suite of intelligent energy management solutions that enable utilities, grid operators, and commercial and industrial organizations to optimize their energy usage in order to reduce costs, meet regulatory requirements, and support sustainability initiatives. With 30 years of experience helping customers implement innovative Demand-Side Management programs, Comverge has deployed more than five and a half million energy management devices, recruited over one million residential customers into mass market demand response programs, and served thousands of commercial & industrial customers. For more information, visit www.comverge.com and follow us on Twitter at @Comverge.

CONTACT: Jason Cigarran Vice President, Corporate Marketing and Communications Comverge, Inc.

678-823-6784 jcigarran@comverge.com http://media.globenewswire.com/cache/11999/small/16240.jpg http://www.globenewswire.com/newsroom/ti nf=MTMjMTAwMzI1ODEjMTE5OTk=

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