GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, released that PepsiCo(NYSE:R) will partner with GreenHouse to utilize Southern California Edison’s (SCE) Automated Demand Response (Auto-DR) program at its Buena Park bottling plant. GreenHouse is a qualified service provider of SCE’s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, installation of enabling technologies and complete processing of all incentives.
The Auto-DR program offers significant financial incentives and technical support to SCE customers with automated load control systems that participate in demand response events. Auto-DR uses control systems to automatically achieve specified energy demand reductions (kW and duration) during periods of peak energy demand.
In utilizing the Auto-DR system, Pepsi can shed or reduce electric consumption during costly peak energy periods when the demand is highest. In addition, the system provides Pepsi the ability to reduce operating costs by curtailing the use and purchase of electricity. Pepsi will then receive financial incentives from SCE for doing so.
Furthermore, GreenHouse also released the signing of a Letter of Intent to acquire Control Engineering, Inc (NYSEMKT:CEI). Headquartered in Costa Mesa, California and serving clients globally, CEI provides turnkey automation and control solutions including engineering, installation and integration services. Experts in multiple technologies and applications, CEI's client base includes recognizable brands from a wide range of industries including pharmaceutical, food, beverage, utility, military and consumer goods.
Key Strategic Benefits for GreenHouse: The acquisition is expected to significantly increase gross margins in GreenHouse's Energy Services Division via vertical integration of CEI's business. The acquisition is also expected to provide cross- selling opportunities of GreenHouse products and services to CEI's existing clients; The acquisition should immediately give GreenHouse access to the expert knowledge of CEI in commercial and industrial automation; and The anticipated cost saving as a result of the acquisition will provide a competitive advantage to GreenHouse in the Automated Demand Response market.
GreenHouse is a San Diego, California based developer of sustainable and eco-friendly energy solutions and infrastructure that can be rapidly deployed establishing the standard for delivering sustainable self-sufficiency to the world. GreenHouse delivers global energy solutions, also serving as a provider of non-corn based ethanol fuel. Its three primary business segments–GreenHouse Builders, GreenHouse Energy and GreenHouse Community–address broad markets from homeowners and the building industry to corporations, governments, and Third World countries. GreenHouse offers consumers effective home improvement products that improve the environment and benefit homeowners financially through lower energy bills and reduced maintenance expenses.
Education Management Corporation (Nasdaq: EDMC), a leading provider of post-secondary education, announced recently that it will host a conference call at 9:00 a.m. Eastern Time on Thursday, November 4, 2010 to review financial results for the first quarter of fiscal 2011.
Education Management, with over 136,000 students as of October 2009, is among the largest providers of post-secondary education in North America, based on student enrollment and revenue, with a total of 101 locations in 31 U.S. states and Canada.
M/I Homes, Inc. (NYSE: MHO) announces its Webcast for its third quarter earnings on October 25, 2010 at 4:00 p.m. Eastern.
M/I Homes, Inc. is one of the nation's leading builders of single-family homes, having delivered over 77,000 homes.
S1 Corporation (Nasdaq: SONE), a leading global provider of payments and financial services software solutions, recently announced that more than 35 customers across three continents have licensed the S1 Mobile application. Leading banks, credit unions, retailers, and processors need technology that adapts to the complex and challenging needs of their businesses.
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