Acorn Factor Equity Affiliate, Comverge, Inc., Announces 30 MW Expansion of Virtual Peaking Capacity Contract with San Diego Gas & Electric.MAHWAH, N.J. -- Acorn Factor, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACFN ACFN American Council for Fitness and Nutrition ) announced today that its equity affiliate, Comverge, Inc., a leading provider of clean energy solutions through demand response, announced it has entered into an agreement with San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Gas & Electric (SDG&E) to expand its Demand Response Capacity Delivery Agreement to provide an additional 30 megawatts of electric capacity. With the expansion, Comverge will provide SDG&E with up to 100 MW of Virtual Peaking Capacity[TM]. The agreement is subject to approval by the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Public Utility Commission. With this expansion and its recently announced new VPC (1) (Virtual Processor Complex) An IBM mainframe multiprocessing system that uses several computers under tight central control. (2) See Virtual PC. agreement with Public Service Company of New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Comverge now has over 310 megawatts of capacity under contract. Robert M. Chiste, Chief Executive Officer of Comverge stated, "This expansion is further confirmation that Comverge's VPC programs provide win-win solutions for electricity providers and their energy customers. We are indeed gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. with the confidence SDG&E has shown in Comverge as exemplified by this expansion; a confidence earned through three years of operational excellence under SDG&E's current VPC program." About Comverge Comverge is a leading provider of clean energy solutions that improve grid reliability and enable utilities to increase available electric capacity through reduced energy consumption during periods of peak energy demand on a more cost-effective basis than conventional alternatives. For more information, visit www.comverge.com. "Virtual Peaking Capacity" and "VPC" are trademarks of Comverge, Inc. About Acorn Factor Acorn Factor, Inc., formerly Data Systems & Software Inc., is a holding company which currently maintains an equity position in Comverge, Inc. - a leading provider of clean energy solutions that enhance grid reliability and enable electric utilities to increase available electric capacity. ACFN also owns an interest in Paketeria GmbH and a controlling position in dsIT. Additional information about Acorn Factor and its subsidiary and equity affiliates is available at www.acornfactor.com, www.dsit.co.il, www.comverge.com and www.paketeria.de. |
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