September 13, 2009 - Lime Energy sold certain assets of its energy technology division, including eMAC and uMAC to ELUTIONS, Inc. of Tampa, FL.ELUTIONS is the premier provider of enterprise energy management solutions that significantly improve energy efficiency, asset performance and workforce productivity. ELUTIONS will integrate the eMAC and uMAC controls into their service offerings that provide real-time wide area solutions used by retail, commercial, telecommunications, government, and industrial organizations worldwide.
"We are very pleased to enter into this agreement with ELUTIONS," stated David Asplund, CEO of Lime Energy, "and believe ELUTIONS is the ideal company to incorporate this technology into their suite of energy efficiency solutions to maximize the potential we have always believed existed in Maximum Performance Group."" This convergence of energy technologies will enhance our offering of Enterprise Information and Control Systems for Asset Management, Maintenance and Energy Management," stated Bronwyne Bruwer, ELUTIONS, Inc. CFO. "This acquisition will further expand the number of Fortune 1000 clients to whom we provide energy solutions." Additional details about the agreement can be found in the Current Report on Form 8-K filed by Lime Energy with the SEC today.
About Lime Energy Co. Lime Energy is a leading provider of energy efficiency and renewable energy solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting upgrades, mechanical and electrical retrofit and upgrade services, water conservation, weatherization, and renewable energy solutions. Lime Energy's clients include commercial and industrial businesses, building owners, property owners and managers, utilities as well as federal, state and local government agencies through energy service company (ESCO) partners.
About ELUTIONS
ELUTIONS is the premier provider of Wireless Enterprise Automation Solutions that help companies dramatically improve their asset performance, energy usage, and workforce productivity. With world headquarters in Tampa, Florida, and European headquarters in Lyon, France, ELUTIONS provides real-time wide area solutions used by retail, commercial, telecommunications, government, and industrial organizations worldwide. These solutions enable monitoring and control of fixed and mobile assets, machinery, and workflows through the use of advanced technologies comprised of communications-enabled end devices, wireless backhaul services and ASP hosted enterprise applications.
