Cleartronic Launches PeakPowerNet: A New Energy Consumption Management Unit
BOCA RATON, FL, Aug 04, 2011 (MARKETWIRE via COMTEX) --
Boca Raton, FL-based technology company Cleartronic, Inc. (OTCBB:
CLRI), a leader in the development and commercialization of unified
communications technology through wholly owned subsidiary
VoiceInterop, Inc., announced today the formation of PeakPowerNet as
a new business unit focused on energy consumption management.
"With global demand outstripping energy supply," observed Cleartronic
CEO Dana Waldman, "we believe there are significant opportunities to
capitalize on strategies and technologies aimed at reducing energy
demand, and especially reducing wasteful energy consumption. In
PeakPowerNet and its product applications, we see ways to monetize
this potentially significant opportunity, even while helping people
more effectively manage their own energy consumption. In a word, we
are bringing true 'smarts' to smart-grid technology. This is not only
an exciting development for our company, but represents a strongly
positive structural change in the way energy consumers will live."
In a related announcement, Vice President of Marketing Michael
Gutowski revealed last week at the Municipal Smart Grid Summit in
Bonita Springs, Florida, that PeakPowerNet's first product
application will be Plugaroo(TM), an energy consumption management
control platform. Plugaroo(TM) allows automated energy savings for
consumers. Simply connect the Plugaroo(TM) home controller to any
outlet in the home and PeakPowerNet manages the home's power usage
from there. The platform uses a proprietary algorithm and a variety
of communications techniques to facilitate the realization of
immediate energy savings. As time goes on, Plugaroo(TM)'s learning
algorithm gets even smarter, allowing more efficiency and more
Explained Gutowski, "Our customers define whether their priority is
comfort or cost savings. Over time, Plugaroo(TM) accurately predicts
what level of energy consumption will occur based on the household's
usage history and probabilities calculated for the local weather.
Once the customer defines his or her priorities at the Plugaroo(TM)
website, they can leave it alone and the control technology makes
decisions that lower electric bills. Over time, the level of accuracy
increases and additional cost savings are achieved."
Waldman also stated, "The launch of PeakPowerNet is a great example
of our Cleartronic vision in action. We look for exciting, new,
high-growth market opportunities where we can add immediate value by
leveraging our increasing base of technologies." Waldman noted that
the Plugaroo(TM) prototype is nearing completion and should be
available for testing with one or more electric utility companies
within the next 90 days. Interested parties should visit the
PeakPowerNet website at www.peakpowernet.com or email the company at
About Cleartronic, Inc.
Cleartronic, Inc. (OTCBB: CLRI) is a technology holding company that
creates and acquires operating subsidiaries to develop, manufacture
and sell products, services and integrated systems serving a range of
market applications, from business enterprises to consumer products
Cleartronic's central mission is to leverage its underlying core
technology and proven competencies into new, high-growth market
applications, including the development of consumer products
targeting large domestic and global markets. Opportunities being
considered include energy consumption management, cloud
communications, and machine-to-machine applications.
Safe Harbor Statement
This press release may include predictions, estimates, opinions or
statements that might be considered "forward-looking" under the
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements generally can be identified by phrases such as
Cleartronic or its management "believes," "expects," "anticipates,"
"foresees," "forecasts," "estimates," or other, similar words or
phrases. Similarly, statements herein that describe Cleartronic's
business strategy, outlook, objectives, plans, intentions, or goals
are also forward-looking statements.
All such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from expectations of Cleartronic or its management. Investors should
not place undue reliance on forward-looking statements, which reflect
our opinions only as of the date of document. Please keep in mind
that we are not obligated to revise or publicly release results of
any revision to forward looking statements in light of new
information or future events. Investors should also review
Cleartronic's Form 10-K and Form 10-Q filings for a more complete
discussion of these factors and other risks, particularly under the
heading "Risk Factors."
Equiti-trend Advisors, LLC
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