WINDSOR, Colo., Oct. 20 /PRNewswire/ -- Siemens Venture Capital GmbH (SVC), the corporate-venture arm for global electronics and engineering corporation Siemens AG, has invested in Encorp, Inc.
Encorp's suite of products monitor and control energy supplied by an on-site generator or utility, and also monitor and control energy used by equipment inside a facility, such as lights, heating and air conditioning systems and even health club equipment.
In addition, the company's energy and building-automation products serve as enterprise-management tools that simultaneously monitor and control one or thousands of sites, regardless of geographic location.
Manufacturers, retail stores, office buildings and hospitals across the country are current customers of Encorp's enterprise-management systems, which improve equipment maintenance, reduce facility energy and maintenance costs, provide comprehensive information for trending reports and ensure more reliable energy.
"Encorp's enterprise-management capabilities and proven energy technologies have the potential to add significant value to our power and energy offerings," said Harold Kirchner, Investment Partner at SVC and responsible for investments in the energy sector.
Encorp software, services and hardware also are ideal for companies installing on-site combined-heat-and-power systems (CHP) that supplement or replace utility power.
CHP systems, which reduce energy costs and increase power reliability for companies, are more efficient than conventional on-site power systems. In addition to generating electricity when needed, the system turns excess engine heat -- often considered an unusable byproduct of an on-site power system -- into energy that organizations can use for heating or cooling.
"Encorp's new Mediator(TM) technology, which offers complete facility-monitoring and building-automation technologies, addresses vital energy-related issues for facility managers. We are confident that it will be successful in the marketplace," said Bjoern Christensen, SVC president and CEO.
Dennis Orwig, Encorp CEO, added, "SVC's investment will help us continue to grow the Encorp product line -- especially our enterprise-management solutions -- and solidify our reputation as a leader in providing products and services that allow companies to remotely monitor and control nearly all aspects of their facilities."
Encorp Mediator(TM) technology monitors and manages lighting, HVAC, refrigeration and other building systems; equipment use; wear and tear; maintenance; and more.
Encorp's Virtual Maintenance Monitor(TM) software and Generator Power Control(TM) monitor and control on-site power generators or energy supplied by a local utility.
In addition to its Mediator(TM) technology, Encorp offers its Energy Management Center, a remote monitoring, alarming and reporting service that ensures engines, generators and other distributed-energy assets used for standby, peak shaving or co-generation applications run at peak efficiency.
For more information on Encorp visit http://www.encorp.com/ or call 1-888-362-6771.
About Siemens Venture Capital
Siemens Venture Capital (SVC) is the $600 million corporate venture organization for Siemens AG, one of the largest global electronics and engineering companies with reported worldwide sales of $80.5 billion in fiscal 2003. The goal of SVC is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens, particularly in information and communications, automation and control, medical solutions, automotive technology and transportation systems, power and lighting.
With offices in Munich, San Jose, Calif.; Boston and through Siemens Israel, Ltd. In Rosh Ha'ayin near Tel Aviv, SVC has an active portfolio of more than 70 start-up companies and 30 venture capital funds, and plays a key role in the global network of innovation. More: http://www.siemensventurecapital.com/.
This release contains forward-looking statements based on beliefs of Encorp, Inc. company management. The words "anticipate," "believe," "estimate," "forecast," "expect," "intend," "plan," "should," and "project" are used to identify forward-looking statements. Such statements reflect the company's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Encorp, Inc. does not intend or assume any obligation to update these forward-looking statements.
Encorp, Inc.
Encorp's suite of products monitor and control energy supplied by an on-site generator or utility, and also monitor and control energy used by equipment inside a facility, such as lights, heating and air conditioning systems and even health club equipment.
In addition, the company's energy and building-automation products serve as enterprise-management tools that simultaneously monitor and control one or thousands of sites, regardless of geographic location.
Manufacturers, retail stores, office buildings and hospitals across the country are current customers of Encorp's enterprise-management systems, which improve equipment maintenance, reduce facility energy and maintenance costs, provide comprehensive information for trending reports and ensure more reliable energy.
"Encorp's enterprise-management capabilities and proven energy technologies have the potential to add significant value to our power and energy offerings," said Harold Kirchner, Investment Partner at SVC and responsible for investments in the energy sector.
Encorp software, services and hardware also are ideal for companies installing on-site combined-heat-and-power systems (CHP) that supplement or replace utility power.
CHP systems, which reduce energy costs and increase power reliability for companies, are more efficient than conventional on-site power systems. In addition to generating electricity when needed, the system turns excess engine heat -- often considered an unusable byproduct of an on-site power system -- into energy that organizations can use for heating or cooling.
"Encorp's new Mediator(TM) technology, which offers complete facility-monitoring and building-automation technologies, addresses vital energy-related issues for facility managers. We are confident that it will be successful in the marketplace," said Bjoern Christensen, SVC president and CEO.
Dennis Orwig, Encorp CEO, added, "SVC's investment will help us continue to grow the Encorp product line -- especially our enterprise-management solutions -- and solidify our reputation as a leader in providing products and services that allow companies to remotely monitor and control nearly all aspects of their facilities."
Encorp Mediator(TM) technology monitors and manages lighting, HVAC, refrigeration and other building systems; equipment use; wear and tear; maintenance; and more.
Encorp's Virtual Maintenance Monitor(TM) software and Generator Power Control(TM) monitor and control on-site power generators or energy supplied by a local utility.
In addition to its Mediator(TM) technology, Encorp offers its Energy Management Center, a remote monitoring, alarming and reporting service that ensures engines, generators and other distributed-energy assets used for standby, peak shaving or co-generation applications run at peak efficiency.
For more information on Encorp visit http://www.encorp.com/ or call 1-888-362-6771.
About Siemens Venture Capital
Siemens Venture Capital (SVC) is the $600 million corporate venture organization for Siemens AG, one of the largest global electronics and engineering companies with reported worldwide sales of $80.5 billion in fiscal 2003. The goal of SVC is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens, particularly in information and communications, automation and control, medical solutions, automotive technology and transportation systems, power and lighting.
With offices in Munich, San Jose, Calif.; Boston and through Siemens Israel, Ltd. In Rosh Ha'ayin near Tel Aviv, SVC has an active portfolio of more than 70 start-up companies and 30 venture capital funds, and plays a key role in the global network of innovation. More: http://www.siemensventurecapital.com/.
This release contains forward-looking statements based on beliefs of Encorp, Inc. company management. The words "anticipate," "believe," "estimate," "forecast," "expect," "intend," "plan," "should," and "project" are used to identify forward-looking statements. Such statements reflect the company's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Encorp, Inc. does not intend or assume any obligation to update these forward-looking statements.
Encorp, Inc.
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