Wireless Glue :: News and Events

Wireless Glue Networks, Inc. Secures $4.5 Million in Funding From Investors in Japan and the US

Thu, 21 Feb 2013 16:54:00 -0500

Feb 21, 2013

LAFAYETTE, Calif., Feb. 21, 2013 /PRNewswire/ -- Wireless Glue Networks, Inc. announced today it closed a Series B round of $ 4.5 million. Investors include Japanese firms, Innovation Network Corporation of Japan, Toko Electric Corporation, Hosiden Corporation, and US venture capital firm, Clean Pacific Ventures.

Increased limitations in electricity supply along with pressures to manage capital and operational spending have resulted in accelerated efforts to optimize existing energy resources by applying information and communications technology to the existing electrical distribution system, through demand response (DR) and energy management systems. The acceleration of these efforts has been particularly acute in Japan following the Great East Japan Earthquake of March 2011 and the resulting decrease in nuclear generation capacity.

However, there is a wide range of different standards and communications systems used around the world to control ventilation and lighting in factories, commercial buildings, and homes.

Wireless Glue's SmartEdge M2M software platform allows diverse communication systems and standards to communicate and cross-connect with each other on a single platform.

"Out of necessity, Japan is poised to be a leader in the world energy market," said Peter McCabe, President and CEO, Wireless Glue Networks. "Our SmartEdge M2M platform provides real-time control and energy data between buildings and the cloud for aggregated energy management and DR applications that is scalable and cost-effective because it utilizes existing infrastructure."

"Wireless Glue's platform differs from anything else we have seen and its position in Japan provides a significant advantage to deployment in a rapidly advancing market," said Sean Schickedanz, General Partner and Chief Investment Officer of Clean Pacific Ventures.

About Innovation Network Corporation of Japan (INCJ)

The INCJ was established in July 2009 as a public-private partnership that provides financial, technological and management support for next-generation businesses. The INCJ specifically supports those projects that combine technologies and varied expertise across industries and materialize open innovation. For more information, visit http://www.incj.co.jp/english/

About Toko Electric Corporation

TOKO ELECTRIC CORPORATION (Public, TYO: 6921) is a Japan-based Tokyo Electric company (TEPCO) mainly engaged in the manufacture and sale of electric meters and related infrastructure products. For more information, visit www.tokodenki.co.jp

About Hosiden Corporation

Manufacturing and selling of electronic and information & communications equipment. For more information, visit www.hosiden.co.jp

About Clean Pacific Ventures Management LLC

Based in San Francisco, Clean Pacific Ventures Management is an independent venture capital company, which primarily invests in early-stage clean technology companies. For more information, visit www.cleanpacific.com

About Wireless Glue Networks, Inc.

Wireless Glue is a United States-based company with offices in Japan that delivers software and hardware solutions that capture and deliver energy data in real-time for the Commercial and Industrial market. For more information, visit www.wirelessglue.com

SOURCE Wireless Glue Networks, Inc.

UC Davis Plug-In Hybrid and Electric Vehicle Research Center selects Wireless Glue Networks for V2G & B2G Cost and Benefits Study

Thu, 02 Aug 2012 17:43:23 -0400

Compare Cost and Benefits of Battery-to-Grid and Vehicle-to-Grid Systems

Aug 2, 2012

Today UC Davis Plug-In Hybrid and Electric Vehicle Research Center selected Wireless Glue Networks to produce a study that will measure, model and compare Vehicle–to-Grid (V2G) systems and battery-to-grid (B2G) systems such as Home Energy Storage Appliances and other 2nd-life battery storage devices. This study will provide important insight into potential use/reuse strategies for V2G & B2G battery storage technology as ancillary services in the power grid.

“We are excited to be selected to explore real world deployment scenarios for V2G & B2G,” said Dr. John Lin, Co-Founder and CTO of Wireless Glue Networks. “We believe an analysis of the potential combination of communication technology with realistic 2nd life battery scenarios is crucial to understanding whether and how the expanding plug-in hybrid and electric vehicle markets can be economically leveraged to address the growing need for energy storage.”

UC Davis Plug-In Hybrid and Electric Vehicle Research Center Press Release HERE

About Wireless Glue Networks, Inc.

Wireless Glue is a United States-based company with offices in Europe and Japan focused on delivering platform solutions that deliver intelligent measurement and control of energy consumption in real-time. Wireless Glue's patent pending SmartEdge software platform handles the interoperability between and within communication protocols from premises to the cloud.

For more information, visit www.wirelessglue.com.

OpenADR Alliance Announces Strong Membership Growth and Successful Compliance Testing

Tue, 15 May 2012 11:40:48 -0400

Successful Testing Event Prepares First Products for Market Adoption of This Important Smart Grid Standard

May 15, 2012

MORGAN HILL, Calif., May 15, 2012 (GLOBE NEWSWIRE) -- The OpenADR Alliance, a nonprofit corporation created to foster the development, adoption and compliance of a Smart Grid standard known as Open Automated Demand Response (OpenADR), today announced the addition of several industry-leading members, including AutoGrid Systems and EnerNOC at the Sponsor level; Alstom Grid, Cisco, Comverge, REGEN Energy, Wireless Glue, Universal Devices and Ventyx; an ABB Company at the Contributor level; Duke Energy, Hawaiian Electric Company, Institute for Information Industry and Korea Electrotechnology Research Institute as Adopters. With the addition of these companies and 27 individual members, the alliance's total membership has reached 71 members with representatives from utilities, independent system operators (ISOs), regulators and controls suppliers.

The strong momentum of the OpenADR Alliance is highlighted by its 44 percent growth in membership since December of last year, as well as the successful testing of OpenADR2.0a-compliant products. This progress further validates the OpenADR standard, and increases its ability to lower the cost, improve the reliability and accelerate the speed of automated demand response implementations for the smart grid.

"Industry momentum is clearly growing globally for standards-based DR. The addition of our new members and our rapidly-growing membership base reinforces the importance policy makers, utilities and equipment manufacturers place on interoperable energy management systems," said Barry Haaser, managing director of OpenADR Alliance. "The imminent release of the OpenADR 2.0a specification, coupled with availability of our new test tool will allow us to support the rapid deployment of OpenADR certified devices this summer."

"Open standards that define a crisp program for compliance are critical to interoperable systems which in turn enable Demand Response to achieve a mainstream market," said Amit Narayan, president and CEO at AutoGrid Systems. "The OpenADR Alliance has energized an ecosystem that will accelerate the cost-effective scaling of Demand Response in the market."

"A standards-based infrastructure is a key step in improving ease-of-participation for energy users who want to be more engaged in active energy management," said David Hardin, senior director of Smart Grid standards at EnerNOC, Inc. "OpenADR 2.0 represents an important development in standardizing how systems interact with each other across the grid, and this improved interoperability will facilitate quicker, more seamless, and more efficient connections between participants in demand response."

About the OpenADR Alliance

The OpenADR Alliance fosters the development, adoption, and compliance of the Open Automated Demand Response (OpenADR) standard through collaboration, education, training, testing, and certification. The OpenADR Alliance works with related organizations such as the Smart Grid Interoperability Panel, Organization for the Advancement of Structured Information Standards (OASIS), North American Energy Standards Board (NAESB), Utilities Communications Architecture International User's Group (UCAIug), Wi-Fi Alliance™, ZigBee Alliance™ and others as appropriate.

The OpenADR Alliance is open to all interested stakeholders interested in accelerating the adoption of the OpenADR standard for price- and reliability-based demand response. More information can be obtained at http://www.openadr.org/

The OpenADR logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12567

Contact: Barry Haaser, Managing Director, OpenADR Alliance, 408-310-9213, barry@openadr.org

Toko Electric Corporation announces a new Intelligent Network Controller embedding Wireless Glue Networks, Inc. software technology

Thu, 12 Apr 2012 17:18:42 -0400

Apr 12, 2012

Toko Electric Corporation announces a new Intelligent Network Controller embedding Wireless Glue Networks, Inc. software technology.

Wireless Glue is excited to be a global partner to provide software for the STiNC II gateway platform. We bring the Smart Edge Energy Management Solution (SEEMS) to the STiNC II, and enable it to receive demand response signals and implement device control over multitude of local networks and devices for building energy management.

Read the full press release in Japanese at http://www.tokodenki.co.jp/news/pdf/pr120412.pdf

About Toko Electric Corporation

TOKO ELECTRIC CORPORATION (Public, TYO: 6921) is a Japan-based Tokyo Electric company (TEPCO) mainly engaged in the manufacture and sale of electric meters and related infrastructure products.

About Wireless Glue Networks, Inc.

Wireless Glue Networks Exhibits Energy Management and Control System for Japanese DR Market at DistribuTECH 2012

Wed, 25 Jan 2012 09:00:00 -0500

Jan 25, 2012

LAFAYETTE, Calif., Jan. 25, 2012 /PRNewswire/ -- Wireless Glue Networks, Inc. and its partners, GKB Technology Company, Ltd., today announced they will showcase their latest Energy Management and Control System for Toko Electric Company at DistribuTECH. The system enables customers to measure real-time energy consumption and institute demand response (DR) programs through automated control of energy usage in conjunction with distributed generation.

"Toko is at the forefront of managing energy at a crucial time in the Japanese market following the March 2011 disaster," said Peter McCabe, President and CEO, Wireless Glue Networks. "Toko's energy market and management channels in conjunction with Wireless Glue's expertise in coordinating energy systems from smart grid edge to the cloud represents a unique combination for energy measurement and management capabilities that will be applicable throughout the world."

"We believe the combination of Toko Electric's experience in the Japanese domestic market combined with Wireless Glue's software platform expertise is ideal for demand side energy management, and the solution can be used beyond Japan," said Kinya Saito, Director, Toko Electric Corporation. "This solution is also being utilized as the centerpiece of the Waseda University project for demand response in Tokyo."

The Toko Intelligent Network Controller (iNC) utilizing Wireless Glue's SmartEdge Energy Management Platform is the next generation cloud-based service that enables Building Managers and Tenants the ability to institute demand response, manage and control their energy usage and costs and improve performance of their operations. The iNC's key advantage over competitive solutions is its ability to deliver real-time energy data to the cloud while addressing the multiple communication protocols present throughout customers' facilities.

Toko Electric and Wireless Glue will be exhibiting at DistribuTECH in San Antonio, Texas, booth number 4446, January 23-26.

About Toko Electric Corporation

TOKO ELECTRIC CORPORATION (Public, TYO: 6921) is a Japan-based Tokyo Electric company (TEPCO) mainly engaged in the manufacture and sale of electric meters and related infrastructure products.

About Wireless Glue Networks, Inc.

About GKB

GKB is a Japan-based company, specializes in consultation and facilitates partnerships and relations with electric power utilities.

SOURCE Wireless Glue Networks, Inc.