Calico Energy Services and Invaluable Technologies Complete Merger
Seattle, WA and Chicago, IL – February 9, 2010 – Calico Energy Services and Invaluable Technologies
today announced the completion of their previously announced merger.
The merger combines Calico’s managed energy storage solutions with Invaluable Technologies’ Demand
Side Management solutions and moves the combined company into the execution phase of their platform
strategy to deliver a complete energy supply and demand lifecycle management system to customers.
“We are delighted to have completed the merger with Invaluable Technologies, which has more than
seven years of experience working as trusted advisors to their utility clients while solving real-world
challenges,” said Brian Dawson, CEO of Calico. “They have developed a proven set of Demand Side
Management solutions at the specific request of their utility clients; these solutions are currently deployed
in numerous major U.S. Utilities today.”
“Our team is thrilled to have the opportunity to work with Calico and its seasoned group of executives,
who bring an impressive storage management solution and deep experience in software, alternative
energy, telematics, hardware, and technology consulting,” said Matthew Burkmier, President of Invaluable
Technologies. “We are excited to deliver solutions that improve the way Utilities and their customers work
together while driving energy efficiency, demand management, peak-time load management and
renewable energy integration for a more sustainable future.”
“In addition to having an industry-leading technology platform, Calico has now established the foundation
for accelerated organic growth,” said Mike Miller, President of Calico. “The company also has a seasoned
management team that will continue to identify additional acquisition opportunities to establish clear
leadership in the smart grid-enabled application market.”
The combined company will operate as Calico Energy Services, but will maintain the Invaluable
Technologies name for a period of time in order to transition the excellent reputation the company has
established with customers and industry partners. All of the Invaluable Technologies employees will
continue in their roles at the combined company. In addition, Matthew Burkmier will join the Calico Board
of Directors and will serve as the Company’s Chief Technology Officer.
About Calico Energy Services
Calico Energy Services provides utilities and independent power producers (IPPs) with a complete
platform for managing today’s growing energy demand and tomorrow’s energy challenges. Calico’s
flagship product, the Energy Intelligence Suite™ (EIS™) is a secure, cloud-based energy management
platform that provides turn-key energy services and improves the way utilities and their customers work
together. EIS modules deliver end-to-end energy solutions that enable energy efficiency, demand side
management, peak-time load management, renewable energy integration, and a broad variety of power
supply and optimization solutions for a more sustainable future.
The core focus of the EIS platform is to provide sustained power for utilities during peak demand cycles;
demand-side management solutions through commercial and residential device control; the ability to
integrate intermittent renewable energy technologies such as wind and solar and convert them into
reliable baseline energy sources; on-demand/fail-over power services designed to eliminate costly
standby generation for utilities; and monitoring and certification of facility compliance with energy
efficiency programs (ENERGY STAR and LEEDs).
To learn more about Calico Energy Services visit www.calicoenergy.com
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