SYS-CON MEDIA Authors: Kevin Benedict, Jason Bloomberg, David H Deans, RealWire News Distribution, Gilad Parann-Nissany

News Feed Item

Eco-Shift Power Corp OTCBB: ECOP Announces the Launch of a New Predictive Peak Demand Forecasting Service for the Demand Response Market

CAMBRIDGE, ON--(Marketwired - July 15, 2014) - Eco-Shift Power Corp (OTCBB: ECOP)

Today Eco-Shift (ECOP) announced that it has launched a Peak Advisory Notification Service designed to generate significant savings for mid-sized to large facilities (3 Mega Watts) for industrial / commercial clients in Ontario. 

The new service from ECOP provides a forecasting, monitoring and communications service designed to help clients reduce their Global Adjustment costs, which are set based on a client's contribution to the five largest peak events in the year. Relying on statistical analysis and predictive forecasting, this cost-saving service provides peak event alerts to clients. By accurately reducing electricity usage during the provinces' coincidental peak periods, the cost avoidance for clients can be $300,000 Per Mega Watt annually. 

"As an energy solutions company, we are continuously looking for new ways to help our clients reduce their energy costs. Our new Peak Advisory Notification Service will generate significant savings for our industrial clients," says ECOP CEO Gib Wood. "This new service is a part of our strategy to provide more products and services for the Demand Response market. The predictive forecasting capability will be critical as we move into Automated Demand Response with our Virtual Power Plant Platform." 

The Peak Advisory Notification Service analyzes the long-term and short-term demand data using three different risk scenarios, which are established based on a customer's ability to plan and adjust their operations in order to avoid potential peak periods. Alerts are sent to the customers along with a risk analysis so they may decide the most appropriate steps to take. Customers also have access to a dashboard that provides real-time market conditions that are not publicly available.

ECOP is a respected leader and innovator in the energy solutions field, with specialization in LED lighting solutions, RF Wireless Energy Management Systems and automated cloud based controls and services.

ECOP's Peak Advisory Notification Service will provide numerous benefits to clients:

  • Predictive forecasting on the five most likely peak events of the year, which generates curtailment savings of ~ $300,000/MW/year.
  • Dashboard with real-time market information that is not publicly available.
  • Education for clients on market dynamics, government programs, and strategies for significantly reducing energy related costs.

ECOP Lighting Solutions and Energy Management serves a client roster including Mattel, ThyssenKrupp, and Parmalat. With a foundation in new-era LED lighting and wireless and web-enabled technologies, ECOP is transitioning clients' decision making from old, fixed technology to the new information age.

About Eco-Shift Power

Headquartered in Cambridge, ON, Eco-Shift Power Corp. (ECOP) develops best-in-class commercial/industrial lighting products, wireless energy management technologies and solutions implementation. As an emerging technology smart building energy management facilitator, ECOP procures, assembles, sells and distributes high-efficiency lighting products, along with other integrated energy management products such as online monitoring and verification reporting tools, direct load controls, activity monetization instruments, and demand response. All are delivered via Software-as-a-Service (SaaS).

Core ECOP competencies include LED expertise, microprocessor/transmitter/wireless capability -- with IP addressability creating an intelligent light and a sustainable management service platform that includes five areas for client revenue generation or costs savings:

  • reduce load during peak pricing
  • manage demand response programs
  • manageability of fixtures to reduce load
  • security
  • maintenance and management

Learn more at http://eco-shiftpower.com/

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered shares or any other securities, nor shall there be any sale of such shares or any other securities in any province or state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Attachment Available: http://www.marketwire.com/library/MwGo/2014/7/14/11G018178/ecop0714-375250852681.pdf

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.