G&S Solar Selects Draker V7™ as Monitoring & Control Solution
Burlington, VT - (8/29/2016) - Draker Corporation (“Draker”), a wholly owned subsidiary of BlueNRGY Group Limited (OTC:CBDEF) a global provider of monitoring and control solutions for optimized performance of distributed power generation, today announced an agreement with G&S Solar (“G&S”), a turnkey installer of photovoltaic power generation systems for business and government clients. Under the agreement, G&S Solar will be managing a complex portfolio of more than 50 sites ranging in size from 33kW to 8.5MW on Draker’s new V7™ software and monitoring portal. G&S Solar was founded in 2009 and is a vertically integrated solar company which develops, designs, finances, constructs and maintains large commercial and utility-scale PV systems. G&S Solar was recognized by Greentech Media as the second largest private commercial and industrial solar developer in the nation and according to GTM research G&S Solar was listed as the 5th largest commercial installer in the nation for Q1 thru Q3 2015.
John Faltings, G&S's President commented: "We are excited to be managing our portfolio with the new software platform, Draker V7™ and its new Inverter Remote Control technology. The steady technology and reliability improvements introduced by Draker since its platform was acquired by BlueNRGY will help us increase the flexibility and efficiency of G&S Solar’s operations and finance teams in the face of growing site sizes and complexity. Draker V7™ was the obvious choice."
The new Draker V7™ software delivers enhanced data storage, access and reporting capabilities that save time and costs for asset managers. Informative alarm groupings streamline root cause analysis and allow maintenance personnel to focus quickly on rectifying site performance problems. Inverter Remote Control features reduces unnecessary site visits and downtime. Public View Websites deliver high-impact easy-to-visualize information. Draker’s V7™ is the next generation solution for managing and operating any portfolio of distributed solar generation assets.
Steve Ritacco, BlueNRGY’s CTO stated: "The entire BlueNRGY team is appreciative that G&S Solar has affirmed the benefits of our system development efforts by selecting the Draker V7™ software platform to meet its ongoing portfolio management needs. We look forward to working closely with the talented professionals at G&S on future enhancements. BlueNRGY, together with Inaccess and other affiliates, delivers mission-critical information that supports performance management at more than 4,000 solar sites worldwide with peak generation capacity exceeding 6GW."
About BlueNRGY & Draker
Established in 1989, BlueNRGY Group Limited is a leader in engineered solutions for the management of distributed power generation and for climate control/energy efficiency systems. Its data collection and management solutions, provided by its Draker Corp subsidiary, are deployed worldwide and are relied upon by system owners, financial institutions, utilities, government bodies and component manufacturers to deliver mission-critical information. BlueNRGY has established a strategic alliance with and invested in Inaccess Holdings Ltd to provide enhanced SCADA and power control solutions supported by Draker’s technical specialists based in the Americas region. As a global leader in delivery of best-in-class technology, BlueNRGY has designed and installed more than 230 MW of solar and wind systems for commercial and utility applications and, together with Inaccess, it provides monitoring and control for more than 6GW of renewable power systems as well as the rigorous system life-cycle maintenance and support capabilities that its clients demand. The company's Parmac division is a leader in energy-efficient climate control systems in its served Australian markets. With regional headquarters in Australia, the USA and Europe, BlueNRGY and Draker are positioned to serve customer operations globally. For more information, visit www.bluenrgy.com, www.drakerenergy.com and http://www.inaccess.com.
About G&S Solar and G&S Investors
G&S Solar Installers designs and constructs photovoltaic systems for business and government clients and offers power purchase agreements that enable customers to achieve savings on their electricity purchases without the necessity of investing capital in PV generation equipment. Its affiliate, G&S Investors provides project financing for many G&S Solar customers and manages a portfolio of solar assets. The G&S management team has been involved in the renewable energy sector for over eight years and has over 25 years of industrial, residential and retail construction experience.
Caution Concerning Forward-Looking Statements
This news release contains 'forward-looking statements'. Such forward-looking statements can be identified by, amongst other things, the use of forward-looking language, such as the words 'plan', 'believe', 'expect', 'anticipate', 'intend', 'estimate', 'project', 'may', 'would', 'could', 'should', 'seeks', or 'scheduled to', or other similar words, or the negative of these terms, or other variations of these terms or comparable language, or by discussion of strategy or intentions. Such forward-looking statements are subject to various risks, as well as those set forth in BlueNRGY's most recent annual report on Form 20-F and its other filings with the SEC, and involve assumptions, estimates, and uncertainties that reflect current internal projections, expectations or beliefs. Such statements include, without limitation, expectations about Draker and Inaccess monitoring system performance, performance relative to competitors, cost savings and benefits to be derived from Draker and Inaccess systems and customer acceptance of the Draker and Inaccess software platforms. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements contained in this news release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date of this release, and BlueNRGY Group Limited assumes no obligation to update or revise these statements unless otherwise required by law.