BioComp Systems, Inc. and COM/Energy Technologies Form Alliance to Provide State of the Art Energy Demand Forecasting, Information and Control Systems.REDMOND, Wash.--(BUSINESS WIRE)--May 14, 1999-- BioComp Systems, Inc., a leading provider of advanced commercial neural network neural network or neural computing, computer architecture modeled upon the human brain's interconnected system of neurons. Neural networks imitate the brain's ability to sort out patterns and learn from trial and error, discerning and extracting applications, and COM/Energy Technologies, a wholly owned, unregulated subsidiary of Commonwealth Energy System (NYSE NYSE See: New York Stock Exchange :CES) and a leading provider of energy information systems, have formed a business alliance under which the companies will jointly develop and market customized solutions that provide energy users with the ability to forecast and understand the behavior of their energy usage patterns. Under the agreement, BioComp Systems' genetic algorithm genetic algorithm - (GA) An evolutionary algorithm which generates each individual from some encoded form known as a "chromosome" or "genome". Chromosomes are combined or mutated to breed new individuals. and neural network modeling and forecasting capabilities will be coupled with COM/Energy Technologies' Energy Connections brand of advanced energy metering and monitoring products. The combination of these capabilities enables energy users to manage their costs more efficiently than ever before. With these capabilities, energy users can not only react to, but also anticipate their energy usage so that they can budget resources more accurately, negotiate energy supply contracts more effectively, and reduce spending. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Robert Paul
Robert Paul , President of COM/Energy Technologies, "With the continued deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the energy markets, both in the US and abroad, energy consumers must have more and better information in order to effectively control and reduce energy costs. Together, BioComp Systems' and COM/Energy Technologies' products bring this information directly to the energy user's desktop." Carl Cook, President of BioComp Systems emphasizes, "Our advanced modeling, forecasting and optimization technologies have provided outstanding returns to customers in the financial, marketing and manufacturing industries. With COM/Energy Technologies, we can now replicate this success for energy users in the $200 Billion energy industry." Based in Redmond, WA, BioComp Systems, Inc. is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation that is a leading provider of advanced commercial neural network applications, with customers in over 40 countries. Based in Cambridge, MA, COM/Energy Technologies is a wholly owned, unregulated subsidiary of Commonwealth Energy System (CES), a $1 billion holding company serving over 620,000 customers. COM/Energy Technologies provides outstanding energy metering and management solutions. |
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