MEDIA RELEASE PR41945
Noveda Technologies Signs Letter of Intent to Provide Energy Monitoring Solutions for Taiwan
BRANCHBURG, N.J. and TAIPEI, Taiwan, Oct. 29 /PRNewswire-AsiaNet/ --
Delegation from Taiwan's Ministry of Economic Affairs Visits
Noveda in New Jersey for Signing LOI
Noveda Technologies, the leader in web-based real-time monitoring systems, and the government of Taiwan's
Ministry of Economic Affairs (MOEA) signed a letter of intent today for Noveda to assist in developing
comprehensive monitoring solutions for the country. The entry into Taiwan furthers Noveda's plan of worldwide
market expansion.
According to the letter of intent, Noveda will work with the MOEA and
various government agencies to jointly explore monitoring solutions that will
empower Taiwanese consumers to optimize their electricity and water usage in
the commercial, industrial and residential sectors.
In cooperation with the MOEA, Bureau of Energy, Department of Industrial
Technology, Institute for Information Industry, and the Industrial Technology
Research Institute, Noveda will begin visiting with energy management
companies in Taiwan to identify potential partners for technology development
and smart grid solutions for the Taiwanese market. Responding to an
invitation by the Deputy Minster Sheng-chung Lin, Noveda plans to establish
local operations in Taiwan to develop the country's energy solutions market.
"We are honored and very excited to partner with the Ministry of Economic
Affairs in Taiwan as they seek to move toward energy independence and smart
grid technologies," said Govi Rao, president and CEO of Noveda Technologies.
"It gives us great pride to be recognized for our capabilities, and we look
forward to collaborating with premier institutions like ITRI in Taiwan to
continuously innovate data acquisition and analytics, to provide affordable
solutions for the smart grid."
The head of the Taiwan Delegation, Deputy Minister Lin, commented, "Green
energy is one of Taiwan's government-promoted 'Six Emerging Industries'. As
the fourth largest solar cell manufacturing country in the world, we welcome
Noveda Technologies to invest and do business in Taiwan."
Deputy Minister Lin added: "Noveda's platform is expected to have a great
market potential in Taiwan. The Taiwanese high-level delegation visited 11
companies from October 25 - 29 in CA, NJ, PA and NY, across various segments
including energy, biopharmaceutical, telecommunication, IT and software.
About Noveda Technologies
Founded in 2007, Noveda Technologies is an innovative leader in real-time
web based energy monitoring and visualization for conventional and renewable
energy systems. The company's solutions (hardware, software and services),
enable energy optimization in buildings to lower energy costs and reduce
carbon footprint. Noveda's solutions are designed to jump-start the journey
to net-zero by providing real-time data transparency in buildings and lay the
foundation towards a smarter grid. The company's diverse client base includes
commercial / retail, industrial, government, and educational institutions.
SOURCE: Noveda Technologies
CONTACT: Kelly G. Vanasse, +1-732-469-4518, kgvanasse@kellycommunication.com
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