ConectiSys Formally Request Additional Funding Through California Energy Commission.Business Editors LOS ANGELES--(BUSINESS WIRE)--Jan. 31, 2001 ConectiSys Corp., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CNES CNES Centre National d'Etudes Spatiales (French Space Agency) ) announced today it has submitted an H-Net Wireless Network proposal to the State of California's Public Interest Energy Research (PIER). In conjunction with this submission today, the Company also submitted a request for product development funding through the State of California's Energy Innovation Small Grant (EISG EISG Experimental Investigations of Spacecraft Glow ), as well as the PIER program, for short and long term funding. The California Energy Commission The California Energy Commission is California’s primary energy policy and planning agency. Created in 1974 and headquartered in Sacramento, the Commission has responsibility for activities that include forecasting future energy needs, promoting energy efficiency through (CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. ), a California State agency dedicated to the development of new energy technologies and the management of existing energy resources, manages these programs which funding pool exceeds $60 million each year through California's electricity ratepayers. Rodney W. Lighthipe, President of the Company, strongly supports the CEC dedication to recognizing the need for support programs to encourage the development of new energy technologies that will facilitate the State of California's drive for increased energy productivity and conservation. ConectiSys's H-Net Wireless Automated Meter Reading (AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ) Network is an excellent candidate for this program particularly because of its current research and development to evolve the AMR technology into an integrated, two-way, electric power telemetry and control system. The system under development is a fourth generation product (H-Net-4) stemming from the Company's dedication to the development of internet-based electric power metering solutions. H-Net-4 will combine a Real Time of Use electric power metering system with demand response control capabilities and deliver the complete unified system through high-performance web-based tools. With its third-generation H-Net-3 AMR system now in testing, ConectiSys's technology will enable the power disturber to selectively disable a selected breaker(s) through a series of relays for electric load conservation/shedding requirements without the necessity to disable an entire household or commercial facility. This would be accomplished through the H-Net Wireless AMR Network and by the installation of simple wireless communication control devices at the end user's electrical beaker beaker /beak·er/ (bek´er) a glass cup, usually with a lip for pouring, used by chemists and pharmacists. beaker a round laboratory vessel of various materials, usually with parallel sides and often with a pouring spout. panel. Through H-Net's two-way Wireless Network energy disturbers could control power consumption in real time thus allowing the implementation of various energy conservation programs. Access to use information and programmable controls of their electrical loads will be all made available through an integrated Internet based control panel. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein that are not historical are forward-looking statements that are subjects to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control including, but not limited to, market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company filings with the Securities & Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion