GridPoint Named a Best Place to Work in Greater Washington' by Washington Business Journal

Award Recognizes Intelligent Energy Management Company's Positive Work Environment

WASHINGTON - May 15, 2006 - GridPoint, Inc., a provider of intelligent energy management (IEM) products, today announced that the Washington Business Journal recognized the company as one of the region's best places to work at the publication's annual breakfast awards program Friday at the Ritz-Carlton, Tysons Corner. The award recognizes GridPoint's achievements in creating a positive work environment that attracts and retains employees through a combination of employee satisfaction, working conditions and company culture.

Along with sponsors Monster, Reznick Group and Quantum Market Research, the Business Journal presented the results of quantitative employee surveys to the crowd of 600. GridPoint was among 49 diverse companies hailing from virtually every business sector. The top companies were selected from a pool of more than 200 nominations.

"All of us at GridPoint share a compelling mission -- to revolutionize the way people use electricity. This award is a reflection of our team's dedication to that mission and I wish to thank everyone at GridPoint for their effort," said Peter L. Corsell, President and CEO of GridPoint. GridPoint's IEM products provide clean, reliable backup power, integrate renewable energy sources and automatically manage energy efficiency for the home or business. The GridPoint Connect Series was recently named winner of Green Builder Magazine's Most Innovative Product Award and serves as the hub for solar technologies in the BASF Better Home, Better Planet Initiative: Near Zero Energy House.

The top companies were also profiled in a special supplement in the May 12th edition of Washington Business Journal. For more information on the Best Places to Work award program, please contact Liz Huntley at 703-312-8344.

About GridPoint

GridPoint builds intelligent energy management (IEM) products to provide protection from power outages, reduce energy costs and manage energy efficiency for the home and business. GridPoint IEM appliances provide traditional and renewable energy users with instant, automatic backup power based on clean, high-capacity, battery-based technology. GridPoint products also offer the renewable energy user a superior way to integrate alternative energy sources. GridPoint's single cabinet, "plug-and-play" appliances are easy to install and sold through a network of premium home builders, utilities, retail chains and government entities as well as installers and contractors of electrical, heating, air-conditioning, home automation and renewable energy systems. On the Net: www.gridpoint.com

About Washington Business Journal

Washington Business Journal has been Greater Washington's leading source of business news and information for more than 20 years. Each week, over 150,000 business executives rely on the Business Journal for comprehensive news on local people and their companies. Providing more than just in-depth coverage, the Business Journal also delivers industry trends, tips and strategies, plus award-winning critical analysis. For more information, please visit washington.bizjournals.com

Contact Information

Suzanne Lauer
703.862.3137 or slauer@gridpoint.com

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