UTC Power Acquires Dome-Tech Group
Share:
SOUTH WINDSOR, Conn., Oct. 1 / -- UTC Power, a United Technologies Corp. (NYSE:UTX) company, today announced it has acquired Dome- Tech Group, a national energy consulting firm based in Edison, New Jersey, and New York City. Financial terms were not disclosed.
Dome-Tech optimizes building system performance to reduce energy costs and improve overall efficiency. It facilitates green, sustainable construction, energy and carbon footprint reduction, smart energy procurement practices, and project development services. Customers include major pharmaceutical and industrial companies, large utilities, educational institutions, healthcare firms and retail businesses.
According to Ken Fox, UTC Power's vice president of on-site power, "Dome-Tech is a very good strategic fit for us. Its capabilities complement UTC Power and will enable us to further reduce our customer's energy costs and carbon footprint. Combining Dome-Tech's broad range of energy optimization services with UTC Power's energy-efficient, environmentally advanced products will create a full-service energy consulting capability that does not exist in the marketplace today. We expect to grow to meet the rapidly expanding need for this unique service platform."
Dome-Tech integrates LEED(TM) principles in its services. The Leadership in Energy and Environmental Design (LEED) Green Building Rating System is the nationally accepted benchmark for the design, construction, and operation of high performance green buildings. About one-third of the Dome-Tech staff is LEED-accredited.
Charles Braunstein, Dome-Tech Chief Executive Officer and company cofounder, said, "I am excited about offering a more comprehensive approach by combining Dome-Tech with UTC Power. Our shared vision will provide our clients with technical as well as financial solutions for energy cost reduction. Together we will transform energy conservation into the next alternative energy source. Energy conservation still remains the single, most cost-effective method for reducing carbon footprint and energy costs."
United Technologies Corp., based in Hartford, Conn., provides high-technology products and services to the building and aerospace industries. Its UTC Power unit in South Windsor, Conn., is a full-service provider of environmentally advanced power solutions. UTC Power is a world leader with nearly 50 years experience in developing and producing fuel cells for on-site power, transportation, space and defense applications, as well as a leader in innovative renewable energy solutions and combined cooling, heating and power solutions for the distributed energy market.
Contact:
Peg Hashem
(860) 727 2093
Peg.hashem@utcpower.com
FCMN Contact: Peg.hashem@hs.utc.com
Source: UTC Power
Web site: http://www.utc.com/
