ecobee Receives Coveted 'Technology Green 15™' Award at the 2011 Deloitte Technology Fast 50™ for the Third Year in a Row!

TORONTO, Oct. 19, 2011 /PRNewswire/ -- For an unprecedented third year in a row, ecobee has been named a winner of the prestigious Deloitte Technology Green 15™ Award, an award created in 2007 to showcase 15 Canadian companies that are leading the way to create major breakthroughs in the field of green technology.

The Deloitte Technology Green 15 Award recognizes those Canadian companies that offer solutions to global environmental challenges by creating intellectual property and technology that reduce society's environmental impact.

"Winning this award for the third year in a row demonstrates our ongoing commitment to green technology," said Stuart Lombard, president and CEO of ecobee. "The features and benefits of the ecobee Smart Thermostat and Energy Management System have a meaningful impact on our customers, their businesses and the communities they live in."

ecobee's residential Smart Thermostat is designed for ease of use and energy savings. ecobee's intelligent algorithms allow consumers to save up to 30% on their heating and cooling costs. Internet connectivity allows them the convenience of accessing home settings anywhere at anytime through a personalized web portal, iPhone/iPod or Android app. Remote access allows customers to save energy even when they're not home and ensures their home is comfortable when they return. The convenience and accessibility of the Smart Thermostat has led to over 85% of ecobee customers running a program, compared to the industry average of 25%.

ecobee's commercial Energy Management System [EMS] is ideal for 85% of all commercial applications, where a simple programmable thermostat does not provide adequate controls and a full-scale building automation system is too complex or cost prohibitive. EMS provides centralized visibility and control across many building energy systems operating in disparate geographies and allows customers to realize significant energy savings. The typical payback on an EMS is less than 12 months.

As a leader in energy management solutions, ecobee designs every product with the goal of helping customers understand, manage and reduce their energy use. ecobee's residential and commercial products are sold by HVAC contractors and are installed in tens of thousands of locations across Canada, the United States, Mexico, and Australia. ecobee is creating a culture of conservation by using unique technological advancements to make both households and buildings more efficient without sacrificing comfort.

"Companies such as ecobee are creating technology solutions that have a significant environmental impact and demonstrate a compelling return on investment, despite facing tough economic times. In doing so, they are helping position Canada as a global leader in the development of commercially viable green technology," said Richard Lee, National Leader, Technology, Media & Telecommunications Industry Group, Deloitte.

About the Deloitte Technology Green 15™ – The Technology Green 15™ recognizes Canada's leading GreenTech companies. GreenTech, the industry term for "green technologies," is taking on greater importance in the world in general, and the world of business in particular. It includes any technology that promotes a more efficient use and re-use of the earth's resources in industrial production and consumption. GreenTech products and services are designed to reduce or eliminate environmental impacts and improve operational performance, productivity, or efficiency while reducing costs, inputs, energy consumption, waste, or pollution. Although many companies within GreenTech industry sectors are very different, they share a common trait: all use new, innovative technology to create products and services that compete with existing products and services on price and performance while reducing impact on the environment.

About ecobee

ecobee delivers intelligent energy management solutions. Installed in homes and businesses across North America, the ecobee Open Energy Management Platform is the easiest way for residential and commercial customers to understand, manage and reduce their energy consumption. Servicing both the Utility and HVAC markets, ecobee's line of WiFi enabled thermostats, online web portals and smart phone apps are the products of choice for ease of use, energy efficiency and demand response programs. ecobee is supported by a network of over 1,400 quality HVAC contractors and distributors across North America. For more information please visit www.ecobee.com.

SOURCE ecobee