Business & Finance
Business and Finance
Business and Finance
Tue, September 27, 2011 Evergreen Energy Announces Commercial Launch of GreenCerta"
DENVER--([ BUSINESS WIRE ])--Evergreen Energy Inc. (NYSE Arca: EEE) announced today that PIC Group, a power generation consulting wholly owned subsidiary of Marubeni Corporation (TSE: JPY), will implement Evergreen Energya™s GreenCerta" Collaboration Portal and Business Intelligence offering for PICa™s Global Client base of power generation clients. Evergreena™s GreenCerta" offering is a Web-based acloud servicea tool that will assist PIC executives in managing their worldwide power generating projects and client operating stations more efficiently.
The PIC Phase I GreenCerta" Collaboration Portal includes:
- Robust Collaboration Portal Tools (Secure blogs, forums, central libraries, advanced communication to plant owners & operators)
- Extensive Content Management Tools (Document version control, photo logs)
- Advanced Portal / Portlet Capabilities (Integrated to PIC and third party applications through one web-accessible location)
- Sophisticated Security Management Tools (To protect proprietary processes and procedures)
- Unlimited Log-Ins for their client partners
- Web-based Access through multiple intelligent devices (i.e., PCa™s, Tablets, etc.)
Todd Grzech, Executive Vice-President for the PIC Group said, aWith no additional hardware or software purchases for our clients, PIC has changed the way our company does business by driving out costs from our operations. Our PIC Phase I GreenCerta" offering will dramatically increase communication and improve work flow between our clientsa™ executives, plant managers, employees, contractors, and third party partners. Our GreenCerta" aSoftware as a Servicea (SaaS) toolset will help PIC change the playing field by delivering commissioning, operating, and maintenance services to our partner plants around the globe with a tool that has never been implemented in this marketplace before.a
Michael Brennan, President of Evergreen Energya™s subsidiary, C-Lock Technology, Inc., added, aThe new PIC Phase I GreenCerta" Collaboration Portal will allow PIC Clients to implement a sophisticated Collaboration Portal Site within a two to three week time frame for their present and new client partners. Completing Phase I of the GreenCerta" Collaboration Portal builds a solid foundation for the PIC Group to build out the Integration and Analytics capabilities of the GreenCerta" Phase II and III Toolsets, which will further enhance PICa™s power generation station commissioning, management, and maintenance services. PIC can gradually bring these more advanced business intelligence solutions to their power generation plant clients at their own pace.a
About PIC, a Division of Marubeni Corporation:
PIC is a wholly owned subsidiary of Marubeni Corporation (TSE: JPY). Marubeni is headquartered in Tokyo, Japan and generated $44 billion in yearly revenue for fiscal year 2010. As a subsidiary of Marubeni Corporation, PIC has access to a global network of industry innovators that continues to develop the most cutting-edge techniques in the power generation industry. Founded in 1988, Power Industry Consultants (later shortened to PIC) entered the market as a contract consulting company. PIC has been recognized as a leader in the power generation industry for more than 20 years. With roots in a variety of technical industries and a commitment to quality, fairness and customer service, PIC quickly gained a reputation for being aThe Best Of The Best®.a
Evergreen Energy Inc.
Evergreen Energy Inc. (NYSE Arca: EEE) offers environmental solutions for energy production and generation industries, primarily through its patented clean coal technology, K-Fuel®. K-Fuel® significantly improves the performance of low-rank sub-bituminous and brown coals and lignite. The process yields higher efficiency levels, which are variable depending on the type of coal processed, by applying heat and pressure to low-rank coals to reduce moisture. For more information, please visit the companya™s website at [ www.evgenergy.com ].
About C-Lock Technology, a Subsidiary of Evergreen Energy Inc.:
C-Lock Technology, a subsidiary of Evergreen Energy provides a aSoftware as a Servicea (SaaS) suite called GreenCert® that focuses on providing power generation owners and operators with collaborative tools, business intelligence and analytics to drive enterprise performance optimization, thereby increasing their competitiveness. The GreenCert® business intelligence and analytics suite transforms the power generation industrya™s most underutilized asset - data - into actionable information.
Safe Harbor Statement
Statements in this release that relate to future plans or projected results of Evergreen Energy Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the "safe harbor" provisions of the PSLRA. Our actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the realization of any one or more of the risk factors described in our annual or quarterly reports, or in any of our other filings with the Securities and Exchange Commission. Readers of this release are encouraged to study all of our filings with the Securities and Exchange Commission. Our ability to execute our business plan and develop the K-Fuel® or GreenCerta" technologies and the successful development and operation of our Southern Coal Holdings venture with WPG Resources (aSCHa) may be adversely impacted by unfavorable decisions in pending litigation, the inability of Green Bridge Holdings to make future payments under the terms of the sale of the Landrica Development Company assets and our Ft. Union Plant, the inability to raise sufficient additional capital in a timely manner to pursue the development of the technology or the development and operation of SCH, unsuccessful exploratory activities with respect to the identified SCH coal deposits, the inability to successfully apply the K-Fuel® technology to SCHa™s coal deposits, the inability of SCH to obtain regulatory approval for its activities, adverse conditions for the marketing and sale of upgraded coal, the ability to successfully develop and commercialize other applications of the K-Fuel® technology (including the development of an activated carbon product), and the ability of the Company to successfully maintain and defend its patents, including the application of such patents to other uses of the K-Fuel® technology. Readers of this release are cautioned not to put undue reliance on forward-looking statements.
