2015 Ulupono Ibis Investment
! ! ! ! ! Ulupono'Initiative'Invests'in'Ibis'Networks’'' Energy'Efficiency'Smart'Management'System'' ! Ibis%also%receives%investment%from%Hawai‘i%entrepreneur%Henk%Rogers% Honolulu'(March'24,'2015)!—!Hawai‘i!impact!investment!firm!Ulupono!Initiative!today! announced!its!$350,000!investment!in!Ibis!Networks!to!help!expand!the!commercial!footprint!of!its! flagship!InteliNetwork™ platform!launched!last!October.!!! ' Developed!by!local!research!and!development!firm!Oceanit,!InteliNetwork™!is!a!secure,!scalable! platform!designed!to!reduce!plug!load!energy!consumption!and!peakHhour!demand!for!commercial! and!government!facilities.!Ibis’!innovative!technology!provides!upHtoHtheHminute!energy!use!data,! along!with!realHtime!and!automated!plug!load!control,!allowing!customers!to!quickly!initiate!energy! efficiency!measures!and!save!on!their!electric!bill.!Ibis!Networks!is!a!2013!cohort!of!Hawai‘i’s! Energy!Excelerator!program.! ! “Information!is!key!to!making!smart!energy!decisions,!and!we!are!pleased!to!support!Ibis’!goal!to! take!energy!efficiency!to!a!new!level!in!Hawai‘i!and!beyond,”!said!Greg!Gaug,!vice!president!of! investments!for!Ulupono!Initiative.!“This!initiative!aligns!with!our!mission!to!reduce!Hawai‘i’s! energy!dependency!on!fossil!fuels.”! ' “Ibis!Networks!is!excited!about!the!commercial!traction!our!platform!is!receiving,!including!our! work!with!several!University!of!Hawai‘i!campuses,”!said!Michael!Pfeffer,!CEO!of!Ibis!Networks.! “Ulupono!Initiative’s!investment,!as!well!as!an!additional!grant!we!received!from!the!Energy! Excelerator,!will!help!us!‘move!the!needle’!and!make!Hawai‘i!a!greener!place!to!live!and!do! business.”! ! Along!with!Ulupono!Initiative’s!investment,!Henk!Rogers,!founder!of!Blue!Startups!and!Blue!Planet! Foundation,!has!also!joined!this!round!of!funding!with!an!additional!$50,000!investment.! ! About'Ulupono'Initiative' Ulupono!Initiative!LLC!is!a!forHprofit,!impact!investment!firm!that!strives!to!improve!the!quality!of! life!for!the!people!of!Hawai‘i!by!working!toward!solutions!that!create!more!locally!grown!food,! increase!clean!renewable!energy!production!and!reduce!waste.!For!more!information!about! Ulupono!Initiative,!please!visit!www.ulupono.com!or!follow!@ulupono!on!Twitter.! ! About'Ibis'Networks!! Ibis!Networks!enables!commercial!and!government!enterprises!to!significantly!reduce!their!Plug! Load!energy!consumption.!Originally!developed!for!the!U.S.!military,!Ibis!Networks’!enterpriseH defined!technology!creates!a!highly!secure,!reliable,!mobile,!scalable,!and!centrally!managed!means! to!dramatically!reduce!energy!consumption!and!extend!electronics!life!with!low!upHfront! investment.! ! About'Henk'Rogers' Henk!B.!Rogers!is!a!DutchHborn!computer!game!designer!and!serial!entrepreneur.!!He!is!known!for! producing!Japan’s!first!major!roleHplaying!video!game!and!revolutionizing!the!video!game!industry! ! by!securing!the!rights!to!Tetris.!!Rogers!serves!as!Chairman!of!Blue!Planet!Software,!the!sole!agent! for!the!Tetris!brand,!and!founded!Blue!Startups,!a!venture!accelerator.!!He!is!also!dedicated!to! ending!the!use!of!carbonHbased!fuels!and!founded!Blue!Planet!Foundation,!a!nonprofit!clean!energy! advocate,!for!this!purpose!in!his!adopted!home!of!Hawai‘i.! ! ! #!#!#! ! Media! Amy!Hennessey,!APR!! ! Dale!Uno! Contacts:!! Director!of!Communications! ! Executive!Assistant/Project!Director! ! Ulupono!Initiative! ! Ibis!Networks! ! 808H544H8973! ! 808H954H4148! ! [email protected]! ! [email protected]!!
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