Noveda Technologies Recognized by the Cleantech Group

BRANCHBURG, N.J., Jan. 13, 2012 /PRNewswire/ -- Noveda Technologies ("Noveda"), the leader in web-based, real-time energy and water monitoring, announced today that it has been selected by the Cleantech Group as the first "Company of the Week." Noveda was selected from more than 15,000 global cleantech companies and investors that the Cleantech Group tracks on a daily basis.

A global company with offices in North America and Europe, Cleantech Group helps business leaders make strategic decisions involving cleantech innovation through the i3 Platform, the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem. Cleantech Group's "Company of the Week" is meant to be a spotlight on a company or investor for a notable achievement, momentous occasion and/or announcement that is important to its audience. Noveda was selected because of its recent success in expanding its geographic reach and partnership network, position in the closely watched industry of energy monitoring solutions, and announcement of its interest in expanding its institutional investor base through a capital raising process.

"We're honored to be recognized by the Cleantech Group," said Govi Rao, president and CEO of Noveda Technologies. "Cleantech Group has focused on providing strategic insight, identifying business opportunities and building relationships that galvanize the growth of cleantech markets worldwide. This recognition by the Cleantech Group is the latest validation of our success in technology and market development in energy and water efficiency."

About Noveda Technologies

Noveda Technologies is the leader in web-based, real-time energy and water management. The company's hardware, software and consulting services help reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers across commercial/retail, industrial, government, education, and utility sectors. Noveda also offers real-time collaboration tools that leverage social media to educate and empower stakeholder communities and make the smart grid a reality today. The company has users in over 33 countries with offices in the US, UK, India and Israel. For more information, visit www.noveda.com or call 908-534-8855.

SOURCE Noveda Technologies