EnergyConnect Inc. Moves Into New Headquarters
Company chooses location to accommodate business growth
LAKE OSWEGO, OR–(BUSINESS WIRE)– EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News), and industry leader in innovative demand response technologies, today announced that it is has moved corporate headquarters to a more suitably structured office space in Lake Oswego, Oregon, signing a three year lease on the new office suite. The company was recently headquartered in shared office space with Christenson Electric in Portland, Oregon. Christenson Electric was formerly owned by the Microfield Group and recently sold.
“We are excited to be moving our corporate headquarters to a new location that provides great value and meets the needs of our growing business,” said Rod Boucher, CEO of Microfield Group. “We look forward to gaining increased efficiencies as we continue to experience a period of expansion reflective of the ongoing success and momentum of EnergyConnect’s high-growth business model, which targets a multi-billion dollar segment of the demand response industry.”
EnergyConnect’s FlexConnectTM offerings allow participants to control and minimize their total energy costs and generate recurring revenue by voluntarily reducing electricity usage in response to high market pricing or regional shortages.
“EnergyConnect’s demand response offerings provide ideal solutions for companies looking for proven ways to manage escalating energy costs,” added Boucher. “We are pleased to help a growing number of consumers regain control of their electricity budgets while contributing to the efficiency and reliability of the nation’s electric grid.”
The company has offices around the country, including operations and support centers in Campbell, CA and Phoenix, AZ. Regional sales, engineering, and support offices are located in Philadelphia, Pittsburgh, Chicago, New York City, Boston, Washington DC, Richmond, VA, Youngstown, OH, Milwaukee, Los Angeles and San Jose.
About EnergyConnect, Inc.
EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. provides industry leading Demand Response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies. EnergyConnect transforms passive consumers of energy into active producers and participants to deliver the cleanest, most efficient and lowest cost supply of electric energy available. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented profit opportunities in the wholesale market for electricity. Demand response is the cleanest, most efficient and lowest cost solution for meeting the nation’s growing power needs. For more information about this next generation technology, visit: www.energyconnectinc.com. For investor information, visit: www.microfield.com.
For further information, please contact:
EnergyConnect
Media Relations:
Kate Casolaro, kcasolaro@rasky.com, 617.443.9933 x338
or
Investor Relations:
Randy Reed, Chief Financial Officer, Microfield Group, Inc., 503.419.3580
Posted on Thursday, August 28th, 2008 - Press Releases