BRANCHBURG, N.J., Oct. 27 /PRNewswire/ -- Noveda Technologies, the leader in web-based energy monitoring and visualization systems, today announced it has won the Elevator Pitch Olympics sponsored by the Venture Association of New Jersey (VANJ). The competition rated companies based on their potential for fundability and quality of presentation.

Kelly Sickles, Chief Financial Officer for Noveda, delivered the two-minute elevator pitch to a panel of venture capitalists who rated the presentation. Entrepreneurs and early stage ventures competed in the contest on October 23 at the VANJ's Entrepreneur Expo in Whippany, New Jersey.

"Noveda has had tremendous early stage success. We're helping government and commercial buildings significantly reduce their energy costs and carbon footprints, creating green jobs and providing transparency and accountability to energy efficiency initiatives," said Ms. Sickles. "We are on the cusp of several exciting business opportunities and could potentially double the size of our company in the next year."

Noveda's software and services provide critical information for buildings to maximize energy efficiency and achieve peak performance. The flow of continuous, real-time data for conventional and renewable energy systems enables facility managers and occupants to immediately identify and take corrective action in order to better manage their energy consumption and reduce their carbon footprints.

Headquartered in the nation's first net-zero electric commercial building, Noveda is the recipient of the Market Innovator Award from the New Jersey Clean Energy Program and is on track to earn its third consecutive 100-point Energy Star Performance Award. Noveda's groundbreaking technologies are currently monitoring hundreds of buildings including the Jacob K. Javits Convention Center; the northeast's largest wind farm at the Atlantic County Utilities Authority in Atlantic City, NJ; Newark, NJ Public Schools and Liberty Science Center in Newark, NJ; and at Shopwise in Manila, Philippines -- Noveda's first international project.

About Noveda Technologies: Founded in 2007, award-winning Noveda Technologies is an innovative leader in real-time energy monitoring and visualization for conventional and renewable energy systems. Noveda's web-based software and services provide solutions to help optimize building energy efficiency, lower energy costs and reduce carbon footprint. The company's diverse client base includes commercial, government, nonprofit and educational institutions. For more information, visit www.noveda.com or call 908-534-8855.

SOURCE Noveda Technologies, Inc.

RELATED LINKS
http://www.noveda.com