Visible Energy and Italian Power Company Sorgenia Announce Agreement to Deliver Innovative Energy Management Products and Services to Residential Customers

PALO ALTO, Calif., March 28, 2012 /PRNewswire/ -- Visible Energy today announced it has entered into an agreement with Sorgenia, a leading Italian electric power retailer, to provide energy management products and software to residential and small businesses customers in Italy.

Working with Visible Energy, Sorgenia is establishing a leading position in home energy management and energy conservation, developing a new solution that, when available, will help Italian customers to reduce usage and save money on their electricity bills.

"The energy management and home automation products made possible by Visible Energy technology represent a very exciting opportunity for Sorgenia," said Riccardo Bani, Managing Director of Sorgenia. "We have been working with Visible Energy for several years and now we have the opportunity to develop a reliable technology to help residential customer to save energy and money."

Visible Energy helps residential customers save energy, reduce their carbon footprint, and stop wasting money. The company offers a unique family of energy management tools, including Wi-Fi-enabled electrical outlets and power strips, software, an online energy management portal for customers and mobile client software.

"We are honored to be a partner of Sorgenia, the Italian electric power retailer with the greatest commitment to renewable energy and conservation," said Marco Graziano, Founder and CEO of Visible Energy. "Sorgenia and Visible Energy are leading the way in a new market that has tremendous potential and value for consumers."

Consumers use Visible Energy technology and services to see how current electricity usage compares to historic usage, observe how their power is being used, and learn how their conservation efforts save money by stopping energy waste. Visible Energy products work with easy to use software for iPhone and iPad, as well as a Web Portal, to provide real-time feedback, remote control over the Internet, and to eliminate stand-by power loss.

Visible Energy also is working with Sorgenia to develop custom software for mobile phones and to integrate other home interactive services and products support in an online portal, including details of their energy use. Sorgenia will announce launch details and availability of the Visible Energy products and software in Italy later this year.

About Visible Energy

Visible Energy's mission is to help consumers reduce their electricity usage by showing them in real time how much energy they are using and providing easy ways for them to cut their consumption. Visible Energy Inc. (www.visiblenergy.com) is headquartered in Palo Alto, California, and is privately held. Founded by a team of successful technology entrepreneurs, Visible Energy currently markets its products in the U.S. and Canada and is seeking partners and OEMs for distribution in other countries.

About Sorgenia

Sorgenia is the top private operator in Italy in the domestic electricity and natural gas market. Founded in 1999 by CIR, the majority shareholder of the company, and by the Austrian utility Verbund, Sorgenia is an integrated energy provider, active in the areas of sourcing, sales and supply to all client types, both in the electricity and the natural gas segments. The group has over 400 employees and closed 2011 with revenues of 2.1 billion euro. Since 2011 the company has been developing a commercial campaign aimed at the domestic residential market with the objective of reaching a total of two million customers by 2016.

SOURCE Visible Energy