Press Release |
BluePoint Energy Completes Initial EnviroGen(TM) Powered Cogeneration Facilities...
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BluePoint Energy Completes Initial EnviroGen(TM) Powered Cogeneration Facilities for Major Resort and Retail Installations Projects Represent $6.1 Million in Current Quarter Projected Revenues EL DORADO HILLS, Calif.--(Business Wire)-- Chapeau, Inc. d/b/a BluePoint Energy (OTCBB:CPEU) announced today that it is in the final stages of completing the first three turnkey cogeneration installations in support of its previously executed proprietary discount energy purchase agreements. These installations at the prominent Macy's Store in Brooklyn, New York and the newly renovated Westin Kaanapali Ocean Resort Villas on the island of Maui, Hawaii represent to BluePoint approximately $6.1 million in revenue. Powered by BluePoint's environmentally responsible, ultra-clean EnviroGen(R) Energy Modules, these cogeneration installations will be utilized to meet a significant portion of each facility's electrical, heating and cooling demands, while providing simultaneously significant environmental and economic benefits to the facilities. Guy A. Archbold, Chief Executive Officer of BluePoint Energy, commented, "We are very pleased to have completed these initial, high-profile customer sites. We believe these installations will be the first of many to be among the most technologically advanced and environmentally responsible onsite cogeneration facilities while exemplifying BluePoint's unique capabilities in modular power plant design and construction. We consider these to be true showcase installations that will greatly benefit our efforts to capitalize on the vast market opportunities throughout the country as evidenced by both economic incentive programs in connection with distributed generation as well as, in the case of the preponderance of the Hawaiian Islands, the recent favorable ruling by the Hawaiian Public Utilities Commission making standby energy rates optional for consumers who install cogeneration and other forms of distributed generation power systems." Archbold concluded, "While we are most pleased to announce significant revenue growth in this quarter from years of development and hard work while completing unique technological advances in onsite cogeneration, we are even more enthusiastic to acknowledge the many more significant opportunities that we are now pursuing in both cogeneration and demand response as a consequence of our state-of-the-art technologies and subsequent showcase sites. As current bookings for future revenue become more quantifiable and complete, we intend to provide prospective quarterly revenue guidance in the near future." About Chapeau, Inc. d/b/a BluePoint Energy Chapeau is an energy management company that provides state-of-the-art, technology-based, environmentally responsible (green) demand response (DR) and combined heat and power (CHP) solutions to commercial and industrial energy users across the majority of public and private industry sectors, including hospitality, retail, healthcare, manufacturing and government. To-date, the Company's efforts have focused principally on incorporating innovative and proprietary engineering solutions into its D-RAAP(TM) (Demand Response Asset Aggregation Program) and EnviroGen(R) Energy Modules, both solutions utilizing Chapeau's proprietary, robust, multi-layered, Internet and microprocessor-based GenView(TM) control systems. The foregoing is news relating to Chapeau, Inc. d/b/a BluePoint Energy, Inc. (the "Company") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management, including without limitation, Chapeau, Inc. d/b/a BluePoint Energy, Inc. (as defined herein) and/or the Company's other subsidiaries, are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For a discussion of additional factors that may affect actual results, investors or interested parties should refer to the Company's filings with the Securities and Exchange Commission; in particular, its annual report on Form 10-K, most current 10Q and other filings as may be relevant. This does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. Chapeau, Inc. d/b/a BluePoint Energy Investor Relations, 916-939-8700 www.bluepointenergy.com or Porter, LeVay & Rose, Inc. Marlon Nurse, VP - Investor Relations Bill Gordon, SVP - Media Relations Jeff Myhre, VP - Editorial 212-564-4700 Copyright Business Wire 2008