Award Recognizes the 100 'Most Promising' Companies Driving the Future of
Technology
WINDSOR, Colo., May 2 /PRNewswire/ -- Ice Energy, the leading provider
of permanent load shifting Ice Storage Air Conditioning (ISAC) systems,
today announced that the company is a recipient of Red Herring 100 Spring,
an award given by Red Herring to the top 100 private technology companies
based in North America.
On any given day, air conditioning (AC) accounts for one-third of the
total electricity demand on the nation's strained power grid, and on hot
days causes blackouts and puts less efficient, more polluting power
generation into use. Ice Energy directly addresses that problem with its
Ice Bear unit, a turnkey module that uses off-peak electricity to make and
store ice at night when electricity is cleaner and less expensive. During
the day, the system uses the stored ice rather than mid-day electrical
power to chill the AC refrigerant. Efficiently shifting over 90 percent of
AC electricity consumption, the system is able to provide immediate and
efficient cooling for commercial and municipal buildings through the
hottest hours of the day.
"This honor from Red Herring is testament to the innovative and
consequential nature of Ice Energy's technology," said Frank Ramirez, CEO
of Ice Energy. "With summer strain already compromising our nation's grid
and demand continuing to grow three to five times base load, there is no
question that the peak demand problem is pervasive. We look forward to
making good on Red Herring's commendation as Ice Energy continues to work
with utilities, customers and partners across the country to combat peak
electricity demand, reduce carbon dioxide and other polluting emissions,
and maintain the cool comfort of our buildings."
"Having received more than 800 submissions, it is clear that we are
witnessing a new outburst of creativity," says Joel Dreyfuss,
Editor-in-Chief of Red Herring. "With venture capital flowing again, it's
exciting to see technology innovators and business investors collaborate to
create disruptive technologies. The Red Herring 100 North America companies
are impressive up-and-comers, and definitely the ones to watch."
Red Herring's annual lists of top private companies are an important
part of the company's tradition of identifying new and innovative
technology companies and entrepreneurs. Companies like Google, eBay and
Skype were spotted in their early days by Red Herring editors, and touted
as leaders that would change the way we live and work.
This year marks the 10th anniversary of the Red Herring 100 Awards. Red
Herring's editorial staff rigorously evaluated more than 800 private
companies through a careful analysis of financial data and subjective
criteria, including quality of management, execution of strategy, and
dedication to research and development. Ice Energy and the other Red
Herring 100 Spring companies were honored at the Red Herring Spring 2007
event, May 1-3 at the Hyatt Regency in Monterey, California.
About Ice Energy, Inc.
Ice Energy(R) is an energy technology company focused on energy storage
and advanced cooling and refrigeration products and technologies. The
company manufactures and markets a new Ice Storage Air Conditioner (ISAC)
product line for residential and commercial applications that addresses the
increasing demand for electricity. Ice Energy's products shift the largest
component of residential and commercial peak demand -- air conditioning --
from expensive "on-peak" times of the day to "off-peak" periods, when
energy is less expensive and less polluting. Recently approved as an
optional compliance measure for California's Title 24 building energy
efficiency standards, the Ice Bear(R) system provides superior cooling
comfort while significantly reducing the cost of energy. For more
information visit http://www.ice-energy.com or call 877-5-ICEBEAR.
Ice Energy and Ice Bear are registered trademarks of Ice Energy, Inc.
About Red Herring
Red Herring is a global media company which unites the world's best
high technology innovators, venture investors and business decision makers
in a variety of forums: a leading innovation magazine, an online daily
technology news service, technology newsletters, and major events for
technology leaders around the globe. Red Herring provides an insider's
access to the global innovation economy, featuring unparalleled insights on
the emerging technologies driving the economy. More information about Red
Herring is available on the Internet at http://www.redherring.com.
SOURCE Ice Energy, Inc.
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Related links:
http://www.redherring.com
http://www.ice-energy.com
CONTACT:
Rosalind Jackson of Antenna Group,
+1-415-977-1923, rosalind@antennagroup.com, for Ice Energy, Inc.
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