For utilities, the platform includes the Demand Response Automation Server (DRAS) from Akuacom, a Honeywell business, which creates a secure, two-way path between the utility operations center and residence, enabling utilities to temporarily control air conditioners and other equipment when energy use spikes and threatens grid stability, usually on the hottest weekdays of the year. It also gives real-time feedback on the impact of demand response events.
The Energy Management Platform can serve a broad range of customers, helping utilities increase the number of eligible participants for their programs. The technology is engineered to accommodate almost all residential heating and cooling systems. And it takes advantage of widely-available Wi-Fi networks. More than 60 percent of U.S. homes have Wi-Fi connectivity and many more have access to broadband networks. Wi-Fi is even more prevalent in Canada, where the platform is also available.
About HoneywellHoneywell International ( www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. About Opower Working with 80 utility partners, Opower is the world's leading customer engagement solutions provider for the utility industry. Opower's customer engagement platform and solution suite enables utilities to involve their customers in programs that drive energy efficiency goals, smart grid and new rate acceptance, brand loyalty and lower costs of service. Proven to drive behavioral change at scale, Opower products and services help customers save energy and money, drive significant increases in customer participation in other utility programs, and increase overall customer satisfaction. Founded in 2007 and privately held, Opower is headquartered in Arlington, Virginia, with offices in San Francisco and London. This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.