Redwood Systems Wins GreenBeat 2010 Innovation Competition

Company’s intelligent lighting system beats out technologies from nine other finalists for its ability to address increasing energy efficiency challenges
November 11, 2010 FREMONT, Calif.

Redwood Systems, a pioneer of unified power, control and sensing systems for intelligent lighting, today announced it won the GreenBeat 2010 Innovation Competition. The Innovation Competition, which is judged at VentureBeat’s annual clean technology conference, recognizes the freshest, most promising ideas for making the power grid smarter, more efficient and more potent while displaying a profitable business model.

“Congratulations to Redwood Systems for capturing the top prize in our Annual GreenBeat Innovation Competition,” said Matt Marshall, editor and CEO, VentureBeat. “The company’s innovative approach to providing a unified power, control, and sensor system for intelligent lighting was determined to have the biggest impact on addressing the increasing need for energy efficiency solutions. As a result, we think they will be a key enabler to making more efficient power grids a reality.”

Storage system provider, Locust Storage, and demand response provider, CPower, won the inaugural GreenBeat Innovation Competition in 2009.

“We are honored to be recognized by VentureBeat as the 2010 GreenBeat Innovation Competition winner,” said Jeremy Stieglitz, vice president of marketing, Redwood Systems. “Our intelligent lighting system is going to change the way buildings are lit, heated, cooled and sensed, making it an ideal solution for reducing energy and saving money in commercial properties. These accolades help validate our approach and raise awareness of innovative solutions, both ours and those of the other esteemed finalists, which are helping to deliver the promise of a smarter grid.”

About Redwood Systems
Redwood Systems is pioneering an entirely new way to power, communicate, and control lights that will bring unprecedented energy savings and improve building performance. By combining three typically discrete systems (power, communications, sensors) into one network-based solution, Redwood’s platform will make smart buildings simpler, easier, and less expensive to own and operate. The company was founded in 2008 and is headquartered in Fremont, California. For more information, visit http://www.redwoodsystems.com/.

About GreenBeat 2010

GreenBeat 2010 Conference, hosted by VentureBeat, focused on the hottest trends that are powering the Super Grid. Google’s Green Energy Czar Bill Weihl, Cisco Systems’ VP & CTO of Smart Grid Paul De Martini, PG&E’s Senior Director, T&D Engineering Kevin Dasso, Kleiner Perkins’ Partner John Doerr and Khosla Ventures’ Partner Vinod Khosla are just a few names that led this year’s discussion in exploring the evolution of Smart Grid technology. GreenBeat took place November 3-4, 2010 at Stanford University in Palo Alto.

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