US e-Chromic Named Finalist in the 2011 Cleantech Open Global Business Competition

BOULDER, Colo., Oct. 11, 2011 /PRNewswire/ -- US e-Chromic LLC has been selected as a finalist in the 2011 Cleantech Open Business Competition as a result of being a winner at the Rocky Mountain Regional competition. US e-Chromic CEO and founder, Loren Burnett, accepted the award on behalf of the company, at a ceremony in Denver on October 6, 2011. US e-Chromic will be one of 24 teams competing for the $250,000 grand prize to be awarded at the Cleantech Open 2011 Global Forum in San Jose, CA on November 15 and 16, 2011. This year's competition began in May with 285 national entrants: 38 of those companies were in the Rocky Mountain Region. Regional and national judges are recognized experts in clean technology, clean energy and include institutional investors in the clean tech sector.

CEO Loren Burnett stated, "We are honored to have been selected to be a finalist in this prestigious business competition. In light of the clean tech expertise of the judges, this represents a phenomenal validation of our technology, product, market and vision."

About US e-Chromic:

US e-Chromic (www.use-chromic.com) is a Boulder, CO based company dedicated to building energy efficiency. It is developing an electrochromic thin film for windows that will reduce air conditioning costs by 30-40%. It has exclusive rights to technology created and patented by the U.S. National Renewable Energy Lab (NREL) that transforms ordinary windows into highly energy efficient 'smart windows'. Because the electrochromic thin film reflects sunlight and its heat, if can be used to retrofit existing windows on a cost effective and environmentally friendly basis.

US e-Chromic was the first company to sign an Agreement under the DOE's "America's Next Top Energy Innovator" challenge on May 13, 2011. During a speech at NREL on May 20, 2011, referring to US e-Chromic, Vice President Biden stated: "Buildings comprise about a third of U.S. energy consumption, and windows are a big chunk of the energy drain. So this one technology potentially can lower the nation's entire energy budget by about 1 percent".

About The Cleantech Open:

The Cleantech Open manages the world's largest cleantech business competition. Its mission is to find, fund and foster entrepreneurs with big ideas that address today's most urgent energy, environmental and economic challenges. A 501(c)(3) not-for-profit organization, the Cleantech Open provides the infrastructure, expertise and strategic relationships that turn clever ideas into successful global cleantech companies. Since 2006, through its one-of-a-kind annual business competition and mentorship program, the Cleantech Open has enabled hundreds of clean-technology start-ups to bring their breakthrough ideas to fruition, helped alumni contestants raise over $300M, and created an estimated 2,500 green-collar jobs. Fueled by a global network of more than 1,000 volunteers and sponsors, the Cleantech Open unites the public and private sectors in a shared vision for making America's cleantech sector a thriving economic engine. For more information, visit www.cleantechopen.org.

SOURCE US e-Chromic LLC