ELECTRIC-IQ (TM) Product for Energy Analysis and Information Receives Funding

Arizona-based Knowatt Inc. has announced that it has received private placement investment from an undisclosed private investor and from Distributed Systems Solutions, Inc (DSSI). Knowatt has developed a way to provide actionable consumption information to electric power consumers. Knowatts product, ElectricIQ is a web-accessible energy analysis and management solution that connects directly to the utility meter via modem or internet connection.

Phoenix, AZ, (PRWEB) March 15, 2004 --Arizona-based Knowatt Inc. (http://www.knowatt.com), has announced that it has received private placement investment from an undisclosed private investor and from Distributed Systems Solutions, Inc (DSSI) in Chandler. DSSI has become a KnoWatt, Inc. shareholder in the transaction as well. KnoWatt has also announced a new office location at 3550 N. Arizona Avenue, Chandler, AZ 85225.

Knowatt has developed a way to provide actionable consumption information to electric power consumers. Knowatts product, ElectricIQ is a web-accessible energy analysis and management solution that connects directly to the utility meter via modem or internet connection. KnoWatts solution requires no additional hardware at the users premise.

According to Knowatt CEO Ron Morales, this funding will accelerate our position of market leadership in the important field of energy information services and allow us to execute on the large multi-site customers who want to deploy our solution."

Knowatt takes energy information and monitoring to the next level with "virtual sub-metering" technology. This proprietary technology allows energy consumers, particularly national multi-store retailers, schools, and small businesses, to understand how each component of their energy use (lights, heat, cooling, signs, and equipment) contributes to their overall consumption. Energy savings can then be identified immediately by the client and changes made on the spot to reduce energy consumption.
Further, the system provides a what if" simulation that allows the consumer to predict what impact a change in operations will have on energy consumption before it is made. For example; if lighting were changed to lower watt bulbs, the product will calculate the change in kWh and apply the tariff cost for a bottom line dollar savings prediction, enabling a return on investment decision, before a change is made.

The additional funding also makes it possible for KnoWatt to keep its corporate headquarters in Arizona. The company had been courted by a Silicon Valley venture capital firm but suspended the talks when it received its current funding.

ABOUT KNOWATT, INC.
Knowatt (http://www.knowatt.com) has developed way to provide actionable consumption information to electric power consumers. Knowatts product, ElectricIQ is a web-based energy analysis and management solution that connects directly to the utility meter via modem or internet connection. KnoWatts solution requires no additional hardware at the users premise.

Knowatt provides consumers with energy consumption data for heating, cooling, lighting, equipment or any other substantial power load a consumer may wish to track. In states where deregulation is in place, this solution helps the user buy power wisely; in states without de-regulation, it helps the same user alter his or her consumption to lower energy costs.

An ideal solution for businesses with multiple facilities or meters, Knowatt is sold directly to the user, or re-marketed through energy service providers and energy-related service companies as a privately branded solution.

ABOUT Distributed Systems Solutions, Inc (DSSI)
DSSI (http://www.dssolutions.com) is a Valley-based systems integrator specializing in custom development of mission critical, enterprise-class database applications in Java. Founded in 1996, DSSI has successfully implemented solutions and provides continued production support for major Valley clients including American Express, Phoenix Newspapers Inc. (The Arizona Republic), Motorola, and ON Semiconductor. National clients include Albertsons and AT&T Wireless Services. DSSI is an Oracle partner and is partnered locally with Inflow. DSSI delivers its custom services on a "fixed price/fixed delivery" basis, which assures its clients of on-time and on-budget work.

Partnering with KnoWatt is part of DSSIs strategy to evolve from being a services provider into a product company. Complementing the KnoWatt energy management application, DSSI recently acquired the rights to the Property Management application used to manage all contracts and leases for AT&T Wireless cell towers which DSSI is now marketing to other major carriers and tower businesses.

CONTACT: Ron E. Morales, Jr., CEO 602.790.4152