Cartesian Announces Commercial Engagement With Consolidated Communications for Deployment of Elutions' Smart Building Solutio...
June 26 2014 - 4:15PM
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.
The Cartesian logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=23353
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.
CONTACT: Brainerd Communicators
Ray Yeung (Media)
yeung@braincomm.com
Corey Kinger (Investors)
kinger@braincomm.com
212.986.6667
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