UTILICASE announced today that it has successfully completed the last round of financing required to fuel its carefully planned profitable growth strategy. UTILICASE has concluded a $5Millions investment deal with Cycle Capital Fund I, a Clean Technology Investment Fund. This deal is the last round of a total of $10Millions investment concluded during the last six months.
The profitable growth strategy of UTILICASE is structured around the fast growing market of its Asset Care Optimization and Investment Planning EPS-M product worldwide. This will significantly leverage its Business/IT Consulting and System Integration Activities.
“The deal with Cycle Capital that is the last piece in a total of $10Millions investment concluded during the last six months will allow UTILICASE to accelerate the execution of the take-to-market strategy of its flagship Asset Care Optimization and Investment Planning Product EPS-M and provide additional investment for the continuous development of Innovative solutions in the IT and Operation Technology for the Power Utilities”, added Mr. Forget.
“UTILICASE offers a technology which will allow the optimization in real time of electrical production management. With this new tool, the UTILICASE team is revolutionizing practices both in the asset management and in the production of energy ” indicated Andrée-Lise Méthot, Founder and Senior partner of Cycle Capital Management (CCM ) Inc.
UTILICASE has successfully launched its EPS-M3.3 flagship product on February 2, 2011 at Distributech in San Diego, CA.
About UTILICASE
UTILICASE is an industry leader in asset care optimization and IT solutions for power Utilities. The company’s EPS-M software is an asset management software platform designed to help power companies optimize and manage resources. The company also houses a consulting arm that provides integration and technology management services to utilities. For more information, visit www.utilicase.com.
About Cycle Capital Management (CCM)
Cycle Capital Management (CCM) Inc. is a private fund manager that focuses its investments on companies developing and marketing clean technologies and renewable-energy that are focused on reducing greenhouse gas emissions, optimizing resources use, and decreasing impacts over their entire life cycle. For more information, visit www.www.cyclecapital.com .
Media Contact :
UTILICASE :
Spero Mensah, Chief Strategy Officer, 425-241-8379 – [email protected]
SmartMark Communications SmartMark Communications, Lyndsay Cherry, +1-215-504-4272 – [email protected]
CYCLE CAPITAL MANAGEMENT (CCM)
Andrée-Lise Méthot, Fondatrice et associée principale, 514 495-1022 – [email protected]