BOSTON, April 20, 2015 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq: ENOC ), a leading provider of energy intelligence software (EIS), today announced that Shorenstein Properties, a national real estate investment firm, has purchased EnerNOC's energy intelligence software platform. This expands Shorenstein's relationship with EnerNOC, which began with demand response and procurement services.
With EnerNOC's software, Shorenstein will be able to centralize real-time energy information and utility bill data into a single platform, improve budgeting and forecasting, more easily identify opportunities to drive operating efficiency, and automate the ENERGY STAR reporting process. EnerNOC's software will also help support Shorenstein's commitment to the US Department of Energy's Better Buildings Challenge to reduce portfolio-wide energy usage by 20% by 2020.
"Shorenstein is committed to maintaining the highest standards of excellence in commercial real estate management, which means utilizing the best technologies on the market. With EnerNOC's energy intelligence software, we'll be able to give our chief engineers greater site and portfolio visibility, more proactively manage our energy expenses with the same rigor that we manage other parts of the business, and increase our properties' net operating income," said Kevin Kirk, Manager of Engineering Services at Shorenstein.
"EnerNOC's software makes it easy for organizations with many properties served by different utilities to centralize energy data and make decisions based on actionable information," said Tim Healy, Chairman and CEO of EnerNOC. "Shorenstein continues to maintain its leadership position in the commercial real estate sector because it invests in the technologies that keep it at the forefront of innovation."
To learn more about EnerNOC's energy intelligence software, visit: www.enernoc.com/solutions/enterprise-solutions .
About EnerNOC
EnerNOC is a leading provider of cloud-based energy intelligence software (EIS) and services to thousands of enterprise customers and utilities globally. EnerNOC's EIS solutions for enterprise customers improve energy productivity by optimizing how they buy, how much they use, and when they use energy. EIS for enterprise includes budgeting and procurement, utility bill management, facility optimization, visibility and reporting, project tracking, demand management, and demand response. EnerNOC's EIS solutions for utilities help maximize customer engagement and the value of demand-side resources, including demand response and energy efficiency. EnerNOC supports customer success with its world-class professional services team and a Network Operations Center (NOC) staffed 24x7x365. For more information, visit www.enernoc.com .
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Safe Harbor Statement
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the future growth and success of the Company's energy intelligence software, and the benefits that customers may derive from technology updates or enhancements to that software, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Media Relations: Robin Deliso 617.692.2601 Investor Relations: Christopher Sands 617.692.2569
