RiechesBaird congratulates client, Genea Energy, named as one of Forbes' 2009 America's Top 20 Most Promising Companies
RiechesBaird / RiechesBaird / 10/08/2009
IRVINE, Calif. (September 22, 2009) – Genea Energy, a Clean Tech company focused on optimizing energy consumption and Net Operating Income (NOI) for commercial office buildings, has been named by top business magazine Forbes to its America's Most Promising Companies list for 2009. Genea's Building Optimization Platform is the first to combine energy management with building automation, business process, and portfolio-wide analytics for a fully integrated solution.
Genea and the 19 other businesses on the list are described by Forbes as "small, dynamic companies with the kind of growth potential that makes venture capitalists salivate." The 20 companies scored highest after undergoing an exhaustive examination by Forbes and experts hired by the magazine, and therefore have a better shot at raising capital than their peers, according to Forbes.
"For our company to be recognized like this is gratifying for our entire team and to me, on a personal level," said Doug Schneider, Genea Energy's chief executive officer. "Forbes saw in Genea a special potential for growth, and that just echoes what our management team has been saying all along. We have a very special business--we're just beginning to see its potential, and that’s exciting."
Genea offers a patent pending Software as Service (SaaS) energy management and building automation platform to save energy, increase net operating income, and improve productivity for commercial office buildings.
The magazine's October issue on Genea and the 19 other companies describes the biggest challenges, sources of inspiration, work habits, riskiest decisions, lessons learned and big-picture outlooks of the companies and their founders.
Candidates for the Forbes list included companies with $25 million or less in annual sales, and they were scored on a long list of characteristics, including the size of their target markets, intellectual property strength, and the extent to which founders put their own capital at risk, management team’s experience, and their track record in hitting product-development benchmarks. Also, their product plans were evaluated by software experts and engineers.
ABOUT GENEA
Genea Energy is a Clean Tech company focused on optimizing energy consumption for commercial office building owners at the square foot level. Our breakthrough Building Optimization Solutions provide a web-enabled (SaaS) technology platform that decreases the energy that buildings consume, increases net operating income, and introduces a set of business processes that help office buildings run more efficiently. Beyond most building control and automation systems that simply help you manage energy usage, Genea's Building Optimization Platform is the first to combine energy management with building automation, business process, and portfolio-wide analytics for a fully integrated solution. It’s beyond smart. It's genius.
For More Information, Please Contact:
Jeff Wright, SVP
714-694-0536 ext. 11
jwright @ geneaenergy.com
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