Attune RTD Launches BrioWave Technology
PALM SPRINGS, Calif., Aug. 7, 2012 /PRNewswire via COMTEX/ --
Attune RTD (OTCBB: AURT), Is pleased to announce commercial production of the low cost BrioWave 175p Smart Energy Management Controllers.
The BrioWave 175p Smart Energy Management Controller is an Ethernet wired or wireless solution with a built in wireless dipole antenna and Wi-Fi card designed to work in parallel with solar arrays, by itself as a standalone controller, or part of the home network used in conjunction with the Attune RTD residential home dashboard in the cloud controlling the home pool pump to reduce energy consumption for consumers by as much as 69%. BrioWave technology is ZigBee enabled and upgradable in its present configuration to communicate and work with the newly deployed utility smart meter nationwide. BrioWave technology can deliver additional savings above the potential 69% through its onboard HVAC smart algorithm technology, presenting the utility industry with a powerful suite of demand response tools.
Shawn Davis, the companies C.E.O stated, "After two rigorous years of field testing in Texas, BrioWave technology continued to deliver savings day after day, working through the hottest consecutive temperatures in US history. BrioWave technology has more than 20,000 lines of code written by US engineers and has a proven track record of reliably delivering real dollar savings under the worst of conditions day after day as we experienced in Texas last year. This is a pivotal time period for Attune. Our goal right now is to bring this technology to market and drive more sales. These first fifty devices are either sold and pre-paid, or spoken for by our existing vendors. Our challenge right now is coming up with the capital to build out the next 950 devices so that we can continue driving sales. We have a world class flexible and scalable platform that is different and unlike any other product in the marketplace. We are working with another utility right now to put together a pilot program for the purpose of getting the technology qualified for rebates. We have sales right now, a marketing program that we are just finishing up that should be in place by end of August, and demand for the technology is building so we are looking forward to getting information on our technology out and in front of consumers in the marketplace."
Thomas Bianco, the companies C.F.O states, "Our biggest challenge in this environment, as Shawn stated, right now is acquiring capital. Based on chatter in the marketplace, I'm confident that if we had the capital to build out the next 950 devices that the disposition of those devices would be orderly and within a couple of quarters to start with sales building over time as our marketing has time to work. We have good margins on the hardware, approximately 30% and more than twice that on the annual software license. We have sales and demand right now, so we are looking to sell into that. Our BrioWave printed circuit board technology is produced right here in the US and will be tested and assembled in Palm Springs, California supporting American jobs helping hard working Americans keep more of their hard earned dollars in their own pockets by saving on energy consumption and keeping them safe from time of use pricing tactics. In the next few weeks we will be rolling out a new BrioWave product website that will contain much needed product information along with YouTube informational videos. The market size for BrioWave technology is substantial, consisting of approximately 13.5 Million pools and nearly 85 Million homes with HVAC systems across the United States and Europe looks a lot like the US. Look for our YouTube link on the home page of our www.attunertd.com website in the next few days."
Attune RTD's flagship product, The BrioWave 175p(TM), is a low cost, scalable, interoperable platform intended to be an essential part of the smart grid infrastructure. For more information, please visit http://www.attunertd.com.
The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies, and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.
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Jeff StoneAdvisor, Co-FounderWakabayashi Fund LLCjs@wakabayashifund.comt: (us) 01.914.613.3002 f:(us) 01.646.514.1601Skype: wakabayashifund_llc
CONTACT: Attune RTD Investor Relations IR@attunertd.com 855-274-6928
SOURCE Attune RTD
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