SOURCE: Premier Alliance Group, Inc.
CHARLOTTE, NC--(Marketwire - Aug 2, 2012) - Premier Alliance Group, Inc. (OTCBB: PIMO), a strategic advisory and consulting firm focused on providing 360° Intelligence Delivery services and solutions through our Knowledge Based Expertise ("KBE"), today announced that its Energy and Sustainability Division has been engaged to implement Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program for Triumph Actuation Systems- Valencia ("Triumph"), a subsidiary of Triumph Group, Inc. The Company has also successfully completed the first Technical Assessment (TA) energy audit for golf manufacturer and San Diego Gas & Electric customer Aldila.
Premier Alliance has identified over $40,000 of incentives from SCE that Triumph, a manufacturer and designer of aircraft components and systems, is eligible to apply towards enabling Auto-DR. Once installed and operational, SCE will be able to call upon Triumph to voluntarily reduce power consumption by up to 130 kW of electricity during peak usage periods. The scope of the project includes a complete integrated energy audit and installation of a turnkey control system that interfaces with various industrial loads, as well as heating, ventilation and air conditioning (HVAC) equipment.
Premier Alliance's Energy and Sustainability division is a qualified service provider of Auto-DR programs throughout California, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies, including complete processing of all utility documents. Auto-DR is a communication and technology platform designed to provide end-to-end automated load reduction in response to a utility's Demand Response (DR) event or a price signal. Auto-DR enables eligible customers to participate in DR programs without the need to turn off or adjust equipment manually every time there is an event.
"We look forward to continuing to build our relationship with Southern California Edison and San Diego Gas & Electric after successfully completing the first Technical Assessment energy audit for Aldila and implementing the Auto-DR program with Triumph Actuation Systems- Valencia," stated John Galt, President of Premier Alliance Solutions Division. "The majority of electricity use globally is derived from buildings or facilities. With Auto DR, utilities are enabled to automatically decrease consumption during times of peak demand, reducing the pressure on the electrical network. Our ability to work with both the utility and the customer differentiates ourselves as we demonstrate our broad knowledge and specific expertise in the energy sector."
About Premier Alliance Group, Inc.
Premier Alliance Group, Inc. (OTCBB: PIMO) is a strategic advisory and consulting firm focused on providing 360° Intelligence Delivery services and solutions through our Knowledge Based Expertise ("KBE"). We provide clients our KBE offering through our Professional Services Group and our Energy and Sustainability Solutions Group. Our focus is in the following industries today; Energy, Financial Services, Life Science and Biotechnology, Government, and Technology. Our Professional Services Group areas of expertise encompass Governance, Risk & Compliance (GRC), Business Performance & Technology, and Finance & Accounting as we assist clients with Risk Management, Compliance, Mergers & Acquisitions, Organizational Effectiveness, Project/Program Management, Information Management, Architecture and Software Development. The Energy and Sustainability Solutions Group is a leading provider of energy efficiency and sustainable facilities solutions. The division designs, engineers and installs disparate solutions and technologies that enable its clients to reduce their energy costs and carbon footprint. Premier Alliance is headquartered in Charlotte, NC. For more information, visit www.premieralliance.com.
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Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking.