Contact Information: Corporate Contact: Susan Connell VP Marketing EcoDog, Inc. 760-842-5941 susan@EcoDogInc.com Media Contact: PJ Jennings Jennings & Associates Communications, Inc. 760-471-7376 pj@jandacommunications.com www.jandacommunications.com
EcoDog Receives Angel Funding From California Energy Executive
Recognizing Opportunities for Consumer Savings and Demand Reduction, Former SDG&E Chairman Tom Page Invests in Home Energy Watchdog Startup
| Quelle: EcoDog
SAN DIEGO, CA--(Marketwire - June 17, 2009) - EcoDog, Inc. (http://www.ecodoginc.com), a
clean tech innovator in home energy efficiency and monitoring, has received
an initial round of angel funding from energy veteran Tom Page, retired
head of San Diego Gas & Electric and Enova Corp and an active investor in
energy-related businesses. According to EcoDog CEO Ron Pitt, "EcoDog's
executives have funded the company through the recently completed beta
testing phase of our FIDO Home Energy Watchdog system. So far, we've
received a great deal of interest from potential sales channels and are now
ready to launch a more extensive pilot program that requires additional
funding. This investment is the first piece of a $5.6 million venture round
that will be completed by year's end. We appreciate Tom's confidence in our
developments and feel that his extensive understanding of these markets
will also be a tremendous asset for EcoDog."
EcoDog's FIDO Home Energy Watchdog system consists of easy-to-use energy
monitoring software along with hardware interface modules for the breaker
panel and computer. The system allows users to see exactly how their power
is consumed on an hourly, daily or monthly basis, for each room in the home
and makes easy to understand recommendations about how to maximize savings.
This enables users to save money by receiving caution notices to avoid
higher billing tiers and identifying "energy hogs" in the home as well as
malfunctioning appliances. As Smart Meters are rolled out across the
country, the system will allow users to avoid expensive Time of Use
surcharges while giving utilities the benefit of reduced demand for
electricity at peak times.
Noted Tom Page, "Many companies are focusing on alternative sources of
energy, new generation options, utility controls during peak periods and
other means to meet growing demand, but EcoDog is addressing Demand
Reduction from the consumer point of view. Their FIDO system gives
customers ultimate control of their utility bills. I look forward to
watching the progress as EcoDog brings their technology to market."
EcoDog, Inc. is committed to designing, building and making available the
tools necessary to easily and affordably take control of energy consumption
to reduce homeowners' expenses while lowering demand for electricity.