GridPoint CEO to Testify Before Senate on Alternative Energy Technologies

Peter L. Corsell on Panel to Discuss How Innovations Can Help Address America's' Energy Needs

WASHINGTON - June 14, 2006 - GridPoint, Inc.™, a provider of intelligent energy management (IEM) products, today announced that its President and CEO Peter L. Corsell will testify this morning during a hearing about alternative energy technologies before the United States Senate Subcommittee on Technology, Innovation, and Competitiveness, part of the Senate Committee on Commerce, Science, and Transportation. The hearing takes place at 10 a.m. in room 562 of the Dirksen Senate office building.

Mr. Corsell joins panelists who will discuss how these emerging energy innovations can help address America's energy needs. They include Alan Gotcher, president and CEO, Altair Nanotechnologies; Francis Preli, vice president of engineering, UTC Power LLC; K.R. Sridhar, CEO, Ion America Corp.; Thomas Werner, CEO, SunPower Corp.; George Taylor, CEO, Ocean Power Technologies Inc.; and Daniel Raudebaugh, executive director, Center for Transportation and the Environment.

"GridPoint's intelligent energy management technology works hand-in-hand with various renewable energy generation technologies, such as those represented on today's panel. Our goal is to empower mainstream consumers to more easily integrate and benefit from these brilliant innovations," said Mr. Corsell is an excerpt from his testimony. "For example, in the context of a solar photovoltaic installation, GridPoint's appliance serves as an advanced operating system and meets an emerging need in the market for renewable energy integration."

Prior to co-founding GridPoint, Mr. Corsell gained expertise within the energy industry as the Director for Energy Markets at Gemstar Group, Inc., where he directed the Photovoltaics Market Aggregation Initiative and developed strategies to expand existing markets for renewable energy. Previously he served with the U.S. State Department and the Central Intelligence Agency. He is a frequent lecturer on energy issues and holds a B.S.F.S. from Georgetown University.

GridPoint's award-winning products provide clean, reliable backup power, integrate renewable energy, and automatically manage energy efficiency for the home or business. GridPoint Connect™ was named winner of Green Builder Magazine's Most Innovative Product Award, serves as the hub for solar technologies in the BASF Better Home, Better Planet Initiative: Near Zero Energy House, and is featured in Los Angeles Magazine's DesignHouse 2005: The Green Home.

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

Contact Information

Suzanne Lauer
703.862.3137 or slauer@gridpoint.com

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