By Triangle Business Journal

Wake Forest-based PowerSecure International is partnering with Schneider Electric to bring its power management systems to hospitals in North America, according to an agreement announced Tuesday.

Under the partnership, France-based Schneider Electric will offer to hospitals PowerSecureâ¿¿s Interactive Distributed Generation power systems, equipment that provides backup power at times of peak electricity demand. The systems also monitor electricity use to ensure efficient use of power.

Schneider Electric specializes in energy management and has operations in more than 100 countries. PowerSecureâ¿¿s (Nasdaq: POWR) backup power systems are used by utilities and large commercial customers. The company also makes LED lights for grocery stores and retailers.

Financial terms of the deal were not disclosed. James Anderson, Schneider Electricâ¿¿s vice president of smart grid programs, said in a statement that the partnership will allow the company to work with its health care customers in managing their power demands.

PowerSecure employs more than 350.

Copyright 2010 American City Business Journals

http://triangle.bizjournals.com/triangle/stories/2010/07/12/daily14.html?ana=thestreet

Copyright bizjournals.com 2010

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