AutoGrid Systems Wins CODE_n Business Innovation Award at CeBIT

AutoGrid Systems Wins CODE_n Business Innovation Award at CeBIT 
Company Recognized at the Largest International Computer Expo for
Leveraging Big Data to Solve the World's Biggest Energy Challenges 
REDWOOD SHORES, CA -- (Marketwired) -- 03/19/14 --  AutoGrid Systems,
a leader in Big Data analytics and cloud computing solutions for the
energy industry, received the CODE_n Business Innovation Award at
CeBIT, the world's largest international computer expo, for the
company's achievements in employing predictive analytics and cloud
computing to transform Big Data into the cheapest, cleanest source of
power on the grid.  
The CODE_n judges cited AutoGrid's technical achievements as well as
the commercial relationships the company has established in the
energy industry as the basis of the award. AutoGrid's technology is
being used by leading utilities such as Oklahoma Gas & Electric,
Austin Energy and City of Palo Alto Utilities and the company has
established strategic partnerships with leading organizations such as
Silver Spring Networks, Schneider Electric and NTT DATA.  
AutoGrid was one of 50 finalists, selected from over 450 applicants
from 60 countries, invited to participate at CeBIT in the CODE_n
initiative, "Driving the Data Revolution," aimed at business models
devoted to the intelligent and efficient handling of large data
volumes. The Business Innovation Award at CODE_n was sponsored by
Ernst & Young and Sandra Kwak, Director of Marketing and Ecosystem
Partnerships at AutoGrid, accepted the award on behalf of the
company. 
"AutoGrid is demonstrating the capabilities of big data to create
truly positive change in the world," explained Ulrich Dietz,
initiator of CODE_n and CEO of the GFT Group, and member of the jury
of 10. "This technology is timely and necessary. AutoGrid has
demonstrated an impressive speed to market maturity." 
AutoGrid is dedicated to bringing the power of Big Data, predictive
analytics and Internet scale computational techniques to the
production and consumption of electricity. Serving utilities of all
sizes, grid operators, electricity retailers, ESCO services
companies, and end-users, AutoGrid develops and markets services that
both help lower costs and improve reliability of the electricity
supply chain.  
"We are extremely pleased to receive this award. The electric grid is
one of the most vital systems on the planet. Our technology is
designed to help utilities, but also their customers, to get the most
out of it," said Dr. Amit Narayan, CEO and Founder of AutoGrid. "Over
the next decade, Big Data is going to have a tremendous influence on
lowering emissions, making power more readily available to a growing
population, and containing costs." 
CODE_n is an international initiative for digital pioneers,
innovators and groundbreaking startups. Initiated in 2011 by the GFT
Group, the goal of this network is to support outstanding business
talents and their exceptional business ideas, provide them with a
platform for dialog, and therefore stimulate and accelerate
innovation in the field. CODE_n stands for "Code of the New," the DNA
of innovation.  
The other CODE_n grand prize winner, is a London based start-up,
Viewsy. The other companies in the final round of the competition
were Sablono based in Berlin, Germany, and Munich startup, cosinuss. 
With approximately 3,500 exhibitors from 70 countries, CeBIT is the
world's largest and most international computer expo and is
considered a barometer for the state of the information technology
field. 
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Press Contact
Michael Kanellos
Eastwick 
(415) 820-4176
Kanellos@eastwick.com 
 
 
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