Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
EnergyConnect to Report 2009 First Quarter Results on Tuesday, May 12, 2009
May 5, 2009 8:00:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSAN JOSE, Calif.--(BUSINESS WIRE)-- EnergyConnect Group, Inc. (OTCBB:ECNG), a leading provider of demand response services and technologies, today announced that its first quarter financial results will be issued after the market close on Tuesday May 12th, 2009. The company will also hold a conference call with investors at 4:30 pm Eastern Time on May 12th, 2009. President and Chief Executive Officer Kevin R. Evans and Chief Financial Officer Randy Reed will present the call.
Participate in the conference call:
877-407-0782
201-689-8567 for international calls
Listen to the replay (available until June 12, 2009):
877-660-6853
201-612-7415 for international calls
Enter account number 286 and conference ID number 322571
The live webcast of the conference call will be available through the Investor Relations section of the EnergyConnect website: www.energyconnectinc.com. The webcast will also be available on this site for 90 days after the conference.
About EnergyConnect
EnergyConnect delivers industry leading Demand Response technologies and services to commercial, educational and industrial consumers enabling them to manage their use of electricity in response to market prices or regional power shortages. The EnergyConnect technology platform provides a scalable, cost-effective, clean technology to enhance the grid's efficiency and reliability. For more information about this leading edge technology or about investor relations, visit: www.energyconnectinc.com
Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Source: EnergyConnect Group, Inc.
----------------------------------------------
EnergyConnect Group
Inc.
Randy Reed
CFO
503-419-3580
EnergyConnect's Smart Grid Technology Recognized as Leading the Demand Response Industry
Apr 30, 2009 8:00:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSAN JOSE, Calif.--(BUSINESS WIRE)-- EnergyConnect, Inc. (OTCBB: ECNG), a leading provider of demand response services and technologies, today announced that it has received the 2008 award for Outstanding Curtailment Service Provider Program from The Peak Load Management Alliance (PLMA), a diverse alliance of energy professionals dedicated to promoting the concepts and technologies of reducing peak demand for electricity.
The award recognizes the market's most innovative and creative program for reducing peak demand. This year, PLMA honored EnergyConnect's FlexConnect technology for the unique ability it provides industrial, institutional, and commercial customers to participate in voluntary load shifting.
"We are honored to receive recognition from PLMA for our customer friendly approach to demand response," said EnergyConnect's CEO, Kevin R. Evans, who accepted the award at PLMA's spring conference in Annapolis, Maryland. "EnergyConnect's demand response programs are designed for organizations that want to take control of their energy costs. We are pleased to support the smart grid with easy and effective technology which enables customers to manage their electric load in response to price signals."
"The PLMA awards committee was impressed by the capabilities that EnergyConnect's innovative FlexConnect program provides energy users for making informed decisions on the best times to engage in voluntary demand response," added Elliot Boardman, Executive Director of PLMA.
FlexConnect is a secure web-based platform giving customers up-to-the-minute visibility of energy consumption, historic use patterns, baseline information and energy market data. Armed with this information, customers are able to evaluate their facility's business needs on a daily basis and assess how much they can save that day by shifting electric load away from peak hours and engaging in demand response.
EnergyConnect demand response programs are an effective means to control energy costs during the economic downturn. Organizations are increasingly recognizing demand response as a customized stimulus plan capable of delivering immediate, sustainable economic and environmental benefits.
About EnergyConnect
EnergyConnect delivers industry leading Demand Response technologies and services to commercial, educational and industrial consumers enabling them to manage their use of electricity in response to market prices or regional power shortages. The EnergyConnect technology platform provides a scalable, cost-effective, clean technology to enhance the grid's efficiency and reliability. For more information about this leading edge technology or about investor relations, visit: http://www.energyconnectinc.com/.
About The Peak Load Management Alliance
The Peak Load Management Alliance (PLMA) was formed in 1999 as a not-for-profit with the purpose to create a community of expertise on demand response and its role in creating efficient electricity markets. Through this community, the Alliance brings forward useful information on price-responsive loads, market structures and market rules. For more information, visit: http://www.peaklma.com.
Source: EnergyConnect, Inc.
----------------------------------------------
EnergyConnect
Inc.
Media Contact:
Rich Quattrini
408-340-7940
rquattrini@energyconnectinc.com
or
Investor Relations:
Randy Reed
CFO
503-419-3580
or
PLMA Contact:
Elliot Boardman
936-271-5020
eboardman@consolidated.net
Now I know why nobody follows...
Horrible earnings IMO. Off the radar screen for now. Better options out there unless I'm missing something.
Wow. Nobody follows this company?...
Earnings are tomorrow. Looks like they might be turning the corner fundamentally, if not technically.
Helloooooooooooooo !!!!!!!!!!!!!!!!!! Anyone? Anyone?
Sometime there is a play off the 50 cent mark, but I usually look for 50% drop from the last stable high which was 75 cents.
So the target low would be 37 cents, which is only 7 cent away from the all time low. Best to stay away from falling knives.
Maybe they should stop publishing prs. Seems like the pps drops everytime they do.
Short interest is there, but no violations yet.
Pretty good day,wonder who the fortune 200 co. is we picked up????
Nice week,and back to the dollar mark,Fri's. news is HUGE
AND THIS NEXT WEEK COULD GET VERY INTERESTING,HEADED UP FOLKS.
This one is a no brainer IMO,and a true market gem at this price.
GO
MICG!
GO
ENERGYCONNECT!
Microfield Group Announces Contract to Provide Demand Response Services for Major Eastern State
Friday November 30, 4:01 pm ET
Milestone Contract Opens Significant New Market with Latest Demand Response Program in PJM Interconnection Network
KEY HIGHLIGHTS:
-- State Contract Further Validates EnergyConnect's Industry-leading Energy Automation Technology
-- Contract Reflected in 1,400 Building Equivalent total as of September 30, 2007
-- Company Continues on High-Growth Business Model Targeting Initial $12 Billion Market
PORTLAND, Ore.--(BUSINESS WIRE)--Microfield Group, Inc. (OTCBB:MICG), an innovator in the demand response marketplace, has announced that the Company has executed an agreement to become the primary provider of demand response services for a major eastern seaboard state. This contract, the largest such comprehensive state program to date in PJM, further validates the Company’s high-growth business model that targets a $12 billion segment of the demand response marketplace in 20 major U.S. metropolitan centers.
ADVERTISEMENT
The new agreement also rapidly increases EnergyConnect’s total participant peak electricity load involved in demand response by more than 500 megawatts, including major government and educational institutions.
“Being selected as the provider of demand response services for this state is a major win for Microfield and a clear testament to the competitive strength of EnergyConnect’s innovative technology and products,” said Rodney M. Boucher, Chief Executive Officer of Microfield Group. “We are gratified to receive this independent verification of our EnergyConnect programs as best-of-breed in the national demand response sector of the alternative energy industry.”
The new agreement raised the number of Building Equivalents (BE) by more than 100 during the third quarter of fiscal 2007. One BE is equal to approximately 1 million square feet of commercial space in a large building, a campus or an industrial site. EnergyConnect has targeted an estimated 1500 BE for fiscal 2007 as a means to quantify the Company’s future growth expectations.
Microfield’s EnergyConnect division ushers in a paradigm shift in the sector traditionally known as demand response. EnergyConnect’s real time auto-response technology allows participants to capitalize on hourly price fluctuations and daily commitments, as well as emergency response services to maintain grid stability. In addition to these previously untapped revenue streams, EnergyConnect’s industry leading technology allows the Company to meet the unique needs of each participant, resulting in a significantly larger target market with ample opportunities for growth.
The agreement announced today further enhances a year of growth marked by the substantial year over year increases in revenue for Microfield’s EnergyConnect products and services reported by the Company in 2007.
About Microfield Group, Inc.
Microfield Group is the first company to deploy market-disruptive energy automation technology in the demand response marketplace. Utilizing an industry-leading intellectual property portfolio, The Company’s EnergyConnect platform and technology enables large consumers of energy—such as buildings, campuses and factories—to exploit unprecedented revenue opportunities in the wholesale market for electricity. EnergyConnect products transform passive consumers of energy into active producers and participants to deliver the cleanest, most efficient and lowest cost supply of electric energy on the planet.
Microfield’s senior management team has identified an initial $12 billion sector of the $300 billion market for electricity in the United States. This virtually untapped target market, consisting of large commercial, industrial and governmental energy consumers, is located within 20 of the nation’s largest metropolitan centers.
EnergyConnect’s real time auto-response technology allows demand response participants to capitalize on hourly price fluctuations and daily commitments in the electricity supply, as well as emergency response services to improve grid economics and maintain grid reliability. In addition to these previously unavailable revenues streams, EnergyConnect’s industry leading technology allows the company to meet the unique needs of each participant, resulting in a significantly larger target market with ample opportunities for growth.
For investor-specific information and resources, including news and stock quotes, please visit http://www.trilogy-capital.com/autoir/micg_autoir.html.
Forward-Looking Statements
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Microfield Group, Inc.
Randy Reed, Chief Financial Officer, 503-419-3364
or
Trilogy Capital Partners
Financial Communications
Ryon Harms, 310-207-2711
--------------------------------------------------------------------------------
Source: Microfield Group, Inc.
Morning all/ready for a good week here,watch for MICG to
continue to gain,bring on another month like OCT boys!
Sign those new contracts!!!
GO MICG!!!
Closed up .05 on short market day .90
back to a buck next week IMVHO.
Press Release Source: Microfield Group, Inc.
Microfield Group Reports Latest Progress in EnergyConnect Business Plan Showing Substantial Rate of Increase in New Accounts and Megawatt Load
Wednesday November 21, 9:00 am ET
Gains in October Included 25,000 New Transactions and Additional 100 Megawatts in Peak Load from Participants in All Vertical Market Segments
PORTLAND, Ore.--(BUSINESS WIRE)--Microfield Group, Inc. (OTCBB:MICG - News), an innovator in the demand-response marketplace, has released the latest details of progress within its flagship EnergyConnect division, including an increase in the rate of new transactions, new accounts totaling more than 100 megawatts of peak electric load and other advances. These gains are consistent with the Company’s plans for growth as it continues to deploy proprietary technologies to create new revenue streams in the demand-response energy marketplace.
ADVERTISEMENT
In October, Microfield’s EnergyConnect team completed more than 25,000 transactions, compared to approximately 50,000 for the previous fiscal quarter.
New account contracts signed in the last 60 days which do not have Building Equivalent (BE) estimates assigned yet totaled more than 100 megawatts of peak load. These additions span all of Microfield’s target vertical markets, including campuses, commercial buildings and industrial installations.
The Company’s most recently executed Synchronous Reserve Service (SRS) additions will come online and begin generating revenue in Q1 2008, producing an anticipated five-fold revenue increase over current SRS. We anticipate SRS revenue will comprise a material portion of 2008 revenue.
EnergyConnect’s SRS is a completely integrated and automated solution that responds and compensates for disturbances in the power grid to maintain electricity service to consumers. Historically, SRS has been supplied by large power plants. Microfield’s EnergyConnect makes this service available by automating the performance of its participating consumers.
“Our EnergyConnect participant operations team has focused on increasing revenue for existing accounts and has made steady progress in the implementation of both process improvements and new products,” said Rod Boucher, Chief Executive Officer of Microfield. “We’re seeing that some of our targeted accounts are producing at revenue rates this year that exceed last year's rates four-fold, further verifying our programs and validating our business model.”
About Microfield Group, Inc.
Microfield’s EnergyConnect division is harnessing the nation’s energy infrastructure with smarter technology solutions that capitalize on the emergent multibillion-dollar Demand Response marketplace. Our products and services provide sustainable, cutting-edge solutions that enable consumers to lower their increasing energy costs and generate significant revenues while reducing the pressure on the nation’s power grids and energy infrastructure. Microfield’s EnergyConnect works in tandem with major consumers of electricity to generate significant, long-term revenues through environmentally responsible solutions that make smarter use of the energy that’s already available. The Company’s high-growth business strategy is targeting an estimated $12 billion segment of the $300 billion energy marketplace. Through our leading-edge technologies, EnergyConnect is enabling a win-win partnership between consumers, utility companies, electricity grids and all energy market participants.
For investor-specific information and resources, including news and stock quotes, please visit http://www.trilogy-capital.com/autoir/micg_autoir.html.
I think this time next year
we should be looking at a nice increase in the share price.
Christinson Electric sold off and a nice pure play company
is what we will have for a big boy to consider buying out IMHO.
Like a Constellation Energy perhaps?
I am here.
Sold my originals and have bought back some.
Looking forward to 2008 on this as well.
Constellation Partners With Microfield
Friday September 14, 12:05 pm ET
Constellation to Offer Energy Data on Microfield Systems
BALTIMORE (AP) -- Constellation Energy Group Inc. said Friday it will use Microfield Group Inc.'s technology platforms to provide its energy market data to commercial and industrial customers.
Financial terms weren't disclosed.
Constellation said it will provide real-time and day-ahead pricing data for customers who managing energy spending amid a volatile market.
Constellation shares rose $1.19 to $86.11 and Microfield's over-the-counter shares rose 3 cents to 91 cents in midday trading.
Sentiment : Strong Buy
Anyone here????
Been in MICG for some time now .70's
Good to see they have finally put CEI up for sale,and bringing Trilogy in is going to make MICG a HUGE play going into 2008 and beyond .Lots to look forward to here folks IMHO.
GO MICG!
In your opinion when do you think they will be making money. Right now it looks like they may run out of operating cash by the end of the year?
.
chart looking good
http://stockcharts.com/h-sc/ui?s=micg#
Nice steady climb! Up 17% today so far
Moving into new territory $10M deal (could double)
http://portland.bizjournals.com/portland/stories/2007/03/05/daily12.html
Here's why it's going UP!
http://portland.bizjournals.com/portland/stories/2006/08/28/story1.html?page=1
great article
while everyone is looking at renewable energy, the obvious (peak load reduction) is paying off big!
There are areas where the infrastructure (grid) just can't supply more peak loads no matter how it is produced.
Legislature has mandated reductions, MICG has the package of expertise to do it NOW. They have been in this for years, now it is in a great new phase where they have the electricians and software controls to automate the load reductions proactively.
Their business revenue model includes multiple revenue streams depending on application.
I am glad to finally seee a board started for this one.
I have been in for a year and its been a painful ride, but am confident that this will turn the corner and we will enjoy 2007/08...
There will be ups and downs along the way like there was the 2nd half of 2006 but I think the waves will give way to smooth sailing.
This is no longer a speculative stock but a real company with real managment and a truely good product that is being used and in demand.
They have proven themselves to the customer now they will start proving themselves to investors.
It will be nice to see this board in action this year!!!!
.765 EOD.... Up 23 % +
LOL not a single thread on this anywhere...
you got it team!!! LOL
Followers
|
2
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
131
|
Created
|
01/30/07
|
Type
|
Free
|
Moderators |
EnergyConnect Group, Inc. (EnergyConnect Group), formerly Microfield Group, Inc. provides a range of demand response services to the electric power industry, through its subsidiary EnergyConnect, Inc (ECI). The Company's customers are the regional grid operators who pay it market rates for reductions in electrical demand during periods of high prices or peak demand and for being on stand by to reduce electric power demand on request at periods of capacity limitations or in response to grid emergencies. The Company's suppliers are large commercial and industrial consumers of electricity who it pays to shift their demand for electricity from high priced hours in the day to lower priced hours. It also pays these participating energy consumers to be on stand by to curtail electric demand on request. EnergyConnect Group's products can be grouped into three main categories: energy, capacity and reserves.
Profitability | ||||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
Valuation | Financial Strength | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
Management Effectiveness | Growth | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
Income Statement | Per Share Data | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
Short Interest | ||||||||||||||||||||||||||||||
|
Company Contact | |
Address | 5335 Sw Meadows Road Suite 325 Lake Oswego, OR 97035 |
Telephone | (503) 603-3500 |
Fax | 0 |
Website | http://www.energyconnect... |
Company Contact: Andrew Warner, CFO EnergyConnect, Inc. (408) 898-4592 AWarner@energyconnectinc.com | Investor Relations Timothy Dien Lippert / Heilshorn & Associates, Inc. (415) 433-3777 TDien@lhai.com |
April 3, | January 2, | |||||||
2010 | 2010 | |||||||
(Unaudited) | ||||||||
Cash | $ | 150,704 | $ | 1,062,306 | ||||
Certificates of deposit | 100,200 | 100,200 | ||||||
Accounts receivable, net | 9,742,693 | 6,811,495 | ||||||
Other current assets | 139,138 | 137,042 | ||||||
Total current assets | 10,132,735 | 8,111,043 | ||||||
Intangibles, net | 1,338,994 | 1,398,761 | ||||||
Other long term assets | 285,289 | 265,120 | ||||||
Total assets | $ | 11,757,018 | $ | 9,774,924 | ||||
Accounts payable and accrued expenses | $ | 5,944,569 | $ | 7,508,561 | ||||
Other current liabilities | 207,795 | 324,886 | ||||||
Total current liabilities | 6,152,364 | 7,833,447 | ||||||
Note Payable, net of discount | 3,297,570 | 1,912,937 | ||||||
Total liabilities | 9,449,934 | 9,746,384 | ||||||
Shareholders’ equity | 2,307,084 | 28,540 | ||||||
Total liabilities and shareholders’ equity | $ | 11,757,018 | $ | 9,774,924 |
Three months ended | ||||||||
April 3, | April 4, | |||||||
2010 | 2009 | |||||||
Revenue | $ | 7,024 | $ | 1,210 | ||||
Cost of revenue | 2,455 | 642 | ||||||
Gross profit | 4,569 | 568 | ||||||
Sales, general and administrative | 2,076 | 2,402 | ||||||
Stock-based compensation | 185 | 169 | ||||||
Total operating expenses | 2,261 | 2,571 | ||||||
Income (loss) from operations | 2,308 | (2,003 | ) | |||||
Interest expense, net and other | (226 | ) | (79 | ) | ||||
Net Income (loss) | $ | 2,082 | $ | (2,082 | ) | |||
Net Income (loss) per share: | ||||||||
Basic and diluted | $ | 0.02 | $ | (0.02 | ) | |||
Shares used in per share calculations: | ||||||||
Basic | 95,749,193 | 95,179,961 | ||||||
Diluted | 120,694,405 | 95,179,961 |
April 3, | January 2, | |||||||
2010 | 2010 | |||||||
(Unaudited) | (Unaudited) | |||||||
GAAP Net Income (loss) | $ | 2,082 | $ | (2,082 | ) | |||
ADD: Stock- based compensation | 185 | 169 | ||||||
ADD: Depreciation and amortization expense | 93 | 96 | ||||||
ADD: Interest Expense, net and other | 226 | 79 | ||||||
Adjusted EBITDA | 2,586 | (1,738 | ) |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |