OutSmart Closes $2 Million in Seed Funding

OutSmart Power Systems to Install 10,000 Nodes over Next 12 Months, Creating a
New Network for Managing Commercial Buildings, Equipment and Energy Consumption
NATICK, Mass. & SAN FRANCISCO--(Business Wire)--
OutSmart Power Systems, the developer of the Power Network, announced today the
completion of a $2 million seed funding led by Bainco, The Clean Energy Venture
Group (CEVG) and Manifold Products. The funding will be used to deploy pilot
programs using OutSmart OPS, a premise-wide energy monitoring and management
system that transforms the existing building infrastructure into an intelligent
network, enabling owners to manage energy consumption, monitor equipment, sense
building and occupant conditions as well as detect and diagnose electrical
problems. OutSmart nodes and the peripherals they enable easily connect to
existing electrical wiring to convert a building`s electric infrastructure into
a two-way intelligent network. The OPS network delivers detailed information to
a web-based graphical interface, enabling property managers and owners to
understand and control their energy use, from individual loads to a
multi-building level.

"68 percent of the energy generated in the U.S is consumed by over 70 billion
square feet of commercial buildings," said Kevin M. Johnson, CEO and co-founder
of OutSmart. "OutSmart takes dormant electrical wiring in those buildings and
converts them into intelligent networks that not only give owners and managers
the ability to monitor and reduce electrical consumption, but enable
applications for managing buildings that are either cost prohibitive or
impossible today. We are the only cleantech company that approaches the building
power distribution system as a real network - starting with understanding how it
is configured."

The functionality of the OutSmart OPSTM network provides operations and facility
managers a cost-effective solution to manage distributed loads across commercial
office buildings, multi-unit residential buildings, laboratories and
manufacturing environments. The suite of OutSmart products includes proprietary
hardware consisting of nodes (breakers, switches, outlets and universal modules
for hardwired loads), peripheral devices, network controllers, a server and a
web-based graphical user interface for easy visualization, management and
control.

Cisco recently announced its plan to deliver an end-to-end, highly secure
network infrastructure solution that helps utility companies and their customers
manage power supplies and energy consumption more efficiently. OutSmart`s Power
Network compliments Cisco`s new smart grid strategy by bringing intelligence to
the edge of buildings` electrical networks.

About OutSmart Power Systems

OutSmart Power Systems has developed OPS TM, a premise-wide network that
transforms existing building electrical infrastructure into an intelligent
network for improving energy efficiency and lowering the total cost of owning
and operating buildings. The OutSmart network monitors all electrical
consumption, down to the load level, and facilitates the performance management
and predictive maintenance of electricity-consuming assets. Information provided
by the network enables facilities managers, building owners and CEOs to
understand what is going on in their buildings, what needs to be done and
whether changes they make produce desired results. OutSmart Power Systems is the
latest technology company launched by Manifold Products, a leading venture
engineering firm in Boston, MA. For more information on OutSmart, visit
www.outsmartinc.com

About Bainco International Investors

Bainco International Investors, LLC is a privately owned investment manager. The
firm also provides financial advisory services to its clients. The firm invests
in the public equity and fixed income markets across the globe. Bainco
International Investors, LLC was founded in 1987 and is based in Wellesley,
Massachusetts. For more information visit www.bainco.com

About Clean Energy Venture Group

Clean Energy Venture Group is an angel investment group that provides seed
capital and management expertise to early stage clean energy companies. The
group is comprised of seasoned operating executives with strong capabilities in
the energy and environmental sectors.

For more information visit www.cleanenergyvg.com

BIGfish PR
Alexandra Hastings & David Gerzof, 617-713-3800
OutSmart@beabigfish.com

Copyright Business Wire 2009