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EcoFactor Announces New CTO and VP of Engineering to Lead Evolution of Its Sophisticated Residential Energy Management Solution

Seasoned Software Expert Brings a Unique Mix of SaaS Expertise Along With Data Analytics Experience in the Energy Industry (May 31, 2012)

REDWOOD CITY, CA -- (Marketwire) -- 05/31/12 -- EcoFactor®, the leading residential energy management company, today announced that Mohsin Hussain, an expert in energy technology and SaaS development, has joined EcoFactor as CTO and Vice President of Engineering. Hussain will lead the advancement of EcoFactor's SaaS platform as the company works with its partners, including Comcast and other major service and energy providers, to roll out its home energy solution across the country. Hussain joins the company with a diverse background in software development, having held leadership roles in solar energy, cloud computing and online services.

"EcoFactor's software is leading the pack when it comes to proven results, tapping the power of big data and cloud computing," said Mohsin Hussain, CTO and Vice President of Engineering. "Due to the sophistication of this product, the potential is huge. The combination of real-time energy management, detailed reporting and smart grid benefits goes way beyond what others are offering. This is an exciting opportunity to make a real impact, reducing energy consumption one home at a time."

Hussain comes to EcoFactor after four years at SunPower Corporation. As Director of Software Engineering there, he led the development of embedded software products and data analytics for its SaaS platform, which simulates, measures and validates the power generation of the company's solar power plants. Prior to his time at SunPower, Hussain was Vice President, R&D at NextAxiom Technology, a technology firm specializing in real-time system integration solutions for the energy and utility industry. While there, he oversaw the product roadmap, architecture and development of the NextAxiom platform, using open communication industry standards to integrate components of grid management software, asset management and business workflows. Previously, Hussain also spent seven years at Netscape, both before and after its acquisition by AOL, building agile software teams and delivering large-scale high-availability consumer services for tens of millions of users around the world.

"Mohsin has truly contributed to Silicon Valley's growing innovation in software and data analytics for the energy industry," said Roy Johnson, CEO, EcoFactor. "Combined with his experiences working in the culture of Netscape and in venture-backed start-ups, his background in data analysis, measurement and verification gives him great perspective in how we are growing our company and building scalable services to ensure our partners can deliver value to our end users."


About EcoFactor
EcoFactor is the leading residential energy management company that enables home service providers to offer an intelligent energy management service to their customers. Homeowners get an automated way to reduce energy consumption, save money and stay comfortable, and partners have the opportunity to take advantage of broader initiatives for energy efficiency, demand response and load shaping. The EcoFactor platform uses data from communicating thermostats to determine the unique thermal characteristics of an individual home and automatically optimize the energy use of that home's heating and cooling systems to save energy and money. Currently in homes across the country, EcoFactor continually documents and quantifies energy savings for its users and already has proven to reduce energy consumption of heating and cooling systems by up to 20 percent. Based in Redwood City, Calif., EcoFactor was founded in 2006 to provide an automated alternative to behavior-based residential energy management solutions. The company has been awarded nine patents to date for its residential energy management technology and methodology. EcoFactor is privately held and funded by Claremont Creek Ventures and RockPort Capital Partners.

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Media Contacts:
Katie Wattie or Jason Mandell
LaunchSquad
ecofactor(at)launchsquad(dot)com
+1 415 625 8555


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