GridPoint Receives Frost & Sullivan's Backup Power Product Innovation of the Year Award

GridPont Protect Recognized as Unique, Intelligent Backup Power and Energy Management Solution for Residential and Light Commercial Markets

WASHINGTON - September 12, 2006 - GridPoint, Inc., a provider of intelligent energy management (IEM) products, today announced that it has been awarded the 2006 Frost & Sullivan Backup Power Product Innovation of the Year Award for excellence in designing GridPoint Protect, a unique backup power solution for the residential and light commercial market. The award will be presented at the global growth consulting company's Growth Excellence Awards Banquet on Sept. 25 at the Hyatt Hill Country Resort & Spa in San Antonio, Texas.

"We consider GridPoint one of the most progressive and innovative companies in the backup power arena," said Farah Saeed, Program Manager, Frost & Sullivan. "GridPoint is setting a precedent for combining an instant, clean and maintenance-free alternative to a generator, a turn-key product for integrating solar or wind energy, as well as the ability to efficiently manage energy through a personal Web portal."

GridPoint Protect is a next-generation appliance that provides clean, instant backup power in addition to energy management capabilities to automatically increase energy efficiency based on the customer's individual preferences. Unlike a generator, GridPoint Protect is silent, emissions-free and safe to install and operate inside a home or business. The product incorporates recyclable batteries, power electronics and on-board computer in an attractive, self-enclosed appliance. GridPoint Protect does not require fuel, weekly exercising or annual maintenance and is monitored via broadband or phone line connection for optimal performance.

"We are delighted to receive this recognition from Frost & Sullivan, whose analysts are well-known for their expertise in energy research," said Peter L. Corsell, President and CEO of GridPoint. "GridPoint will continue to bring the most innovative energy technologies to market in ways that will benefit both residential and light commercial markets."

The Frost & Sullivan Product Innovation Award of the Year is presented each year to the company that has best demonstrated the ability to develop and/or advance products with more innovative capabilities than competing vendors and products in the backup power industry. This award recognizes the company's successful adoption of new or existing technology that has become a part of its well-designed product family. Such innovation is expected to significantly contribute to the industry in terms of product performance and degree/rate of technical change.

About GridPoint

GridPoint's intelligent energy management (IEM) products ensure clean, reliable power, increase energy efficiency, and integrate renewable energy. With GridPoint, a partner in the ENERGY STAR program, home and business owners can automatically protect themselves from power outages, manage their energy online and reduce their carbon footprint. GridPoint's "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, power quality 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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