OVERLAND PARK, Kan., June 26, 2014 (GLOBE NEWSWIRE) -- Cartesian, Inc. (Nasdaq:CRTN) has entered into a commercial agreement with Consolidated Communications (Nasdaq:CNSL) to deploy and manage Elutions' "Maestro" Smart Buildings and Smart Assets solution at key operating facilities within Consolidated Communications' property portfolio throughout California, Illinois, Kansas, Missouri, Pennsylvania and Texas.
Maestro is an Operational Business Intelligence platform that performs advanced analytics of real-time operational data and creates environmental changes that deliver material energy and operational cost savings through the automated control of assets and processes. Following initial analysis, Cartesian and Elutions project over the seven year term of the managed service contract, Consolidated Communications will save in excess of 16% annually in energy costs alone across the facilities in scope which account for approximately 65% of Consolidated's annual facility-based energy consumption.
"In today's competitive telecom market, impacting the bottom line is equally as important as driving top line revenue growth. We are constantly exploring ways to optimize our business. With that said, we are excited about working with Cartesian and Elutions to implement a best in class solution for reducing our total energy cost structure," said Bob Udell, President and Chief Operating Officer of Consolidated Communications.
"The signing of Consolidated Communications is an important milestone as we advance our partnership with Elutions," said Donald Klumb, Chief Executive Officer of Cartesian. "We look forward to demonstrating the impact of our offering with Consolidated. By utilizing facility data in real time to drive intelligent, automated optimization, we can lower energy consumption while improving operations. We are delivering a unique and differentiated solution in the TMT market."
About Cartesian
Cartesian, Inc. (Nasdaq:CRTN) is a specialist provider of consulting services and managed solutions to leaders in the global communications, technology and digital media industries. Cartesian provides consulting in strategy, execution and managed solutions to clients worldwide. The company has offices in Boston, Kansas City, London, New York and Washington. For more information about the company and its services, visit www.cartesian.com.
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About Elutions, Inc.
Elutions' solutions leveraging its Maestro platform are currently deployed in nearly 5,000 facilities worldwide with a rapidly expanding footprint. Maestro delivers fully automated real-time control of assets and processes to help some of the world's biggest enterprises significantly reduce energy consumption and operational costs at scale. Maestro is capable of providing optimization in a wide range of industries, facilities and processes. Additional information is available at: www.elutions.com.
Cautionary Statement Regarding Forward Looking Information
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statements that do not relate to historical or current facts constitute forward-looking statements, including any statements contained herein regarding expectations with respect to Cartesian's future business, financial condition and results of operations. Forward-looking statements are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond the Company's control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements. Factors that might affect actual results, performance, or achievements include, among other things, the Company's ability to successfully implement the contract with Consolidated Communications; conditions in the telecommunications industry, overall economic and business conditions (including the current economic slowdown), the demand for the Company's services (including the slowing of client decisions on proposals and project opportunities along with scope reduction of existing projects), the level of cash and non-cash expenditures incurred by the Company, technological advances and competitive factors in the markets in which the Company competes, and the factors described in this press release and in Cartesian's filings with the Securities and Exchange Commission, including the risks described in its periodic reports filed with the SEC, including, but not limited to, "Cautionary Statement Regarding Forward Looking Information" under Part I of its Annual Report on Form 10-K for the fiscal year ended December 28, 2013 and subsequent periodic reports containing updated disclosures of such risks. These filings are available at the SEC's web site at www.sec.gov. Any forward-looking statements made in this release speak only as of the date of this release. The Company does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances.