2014

E.ON SE Extends Partnership with GreenWave Reality for Smart Home Services Strategy Rollout Across Europe GreenWave preferred platform partner for development of E.ON SE energy management services to potential 32 million households

IRVINE, Calif., Jan. 6, 2014 /PRNewswire/ -- GreenWave Reality today announced an extension of its partnership with E.ON SE, one of the world's largest investor-owned power and gas companies, to deliver smart home services across Europe and help residences achieve more comfort, security, and energy efficiency.

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The expanded partnership allows E.ON SE to license GreenWave technology, including hardware, software and GreenWave hosting and cloud services, and gain a smart home infrastructure to drive development of a wide range of consumer-facing energy management applications including solar, home automation, and connected lighting. The advanced management capabilities in the GreenWave platform, such as self-healing, help to reduce costs to deploy and manage the new services, improving customer adoption and increasing profitability.

"This partnership underscores our deep commitment to lead the charge in finding new ways to help our customers live better and more efficiently," states Urban Keussen, senior vice president for technology & innovation at E.ON SE. "The GreenWave team and their product offerings will help us deliver innovation to our customers through an industry-leading platform."

The two companies will work jointly with E.ON's regional units across Europe for their local market knowledge and expertise to develop and test commercial off-the-shelf products, which will be deployed and managed in the home through the E.ON branded Smart Home platform. The partnership provides E.ON's regional units with an opportunity to expand their portfolio of products and services personalized to their customer base, resulting in new revenue streams and expanded opportunities to serve their customers.

"E.ON is a category leader thinking big around the issue of energy management," said Greg Memo, CEO of GreenWave Reality. "We are excited to help E.ON accelerate innovation that will make a big difference in helping households across Europe manage not only their energy consumption, but provide a portfolio of unique value-added services through smart home technology that is simple and easy to use."

E.ON selected GreenWave Home2Cloud as the development platform of choice after a vigorous two-year trial utilizing GreenWave powered smart home technology saw measurable results in terms of energy savings and better understanding of energy consumption.

The rollout of this program is expected to begin in the first half of 2014. More details will be forthcoming with each new regional launch.

About GreenWave Reality
Founded in 2008, GreenWave Reality empowers consumers to achieve the smart connected lifestyle by delivering personalized information and entertainment, enhanced comfort and savings. GreenWave's Home2Cloud platform is highly secure and scalable allowing its service provider partners to confidently leverage the broad capabilities of Internet of Things and Machine-to-Machine communications to create their own value-added managed services. In addition, GreenWave offers its own award-winning services including Connected Lighting, Home Monitoring and Energy Management. The company has customers that include leading service providers, lighting manufacturers, and utilities. GreenWave Reality is privately held and headquartered in Irvine, California with offices in Copenhagen and Singapore. For more information, please visit www.greenwavereality.com.

About E.ON
E.ON is one of the world's largest investor-owned power and gas companies. At facilities across Europe, Russia, and North America, our more than 72,000 employees generated approx. EUR132 billion in sales in 2012. In addition, there are businesses in Brazil and Turkey we manage jointly with partners. E.ON's diversified business consists of renewables, conventional and decentralized power generation, natural gas, energy trading, retail and distribution. We supply around 26 million customers with energy. With our broad energy mix we own almost 68 GW generation capacity and we are one of the world's leading renewables companies. We have an ambitious objective: to make energy cleaner and better wherever we operate. With our strategy cleaner & better energy we're transforming E.ON into a global provider of specialized energy solutions which will benefit our employees, customers, and investors alike.

Media Contacts:           

Christina Armstrong
GreenWave Reality
(650) 867-4899
Christina@greenwavereality.com

Bettina Donges
EON.SE
+49 172 2460297
bettina.donges@eon.com

SOURCE GreenWave Reality



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