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Power Analytics™ Named Founding Member of Research Triangle Cleantech Cluster


August 8, 2012

Raleigh, N.C. – Power Analytics Corporation, the leader in advanced electrical power software solutions, was named a founding board member of the Research Triangle Cleantech Cluster (RTCC). Mark A. Ascolese, Power Analytics Chairman & CEO, will represent Power Analytics on the RTCC board.

“We are grateful for the support of Power Analytics and other forward-looking companies who are accomplishing the important work being done to accelerate the growth and prosperity of the Research Triangle Region’s thriving Cleantech economy,” said Lee Anne Nance, Research Triangle Regional Partnership’s Senior Vice President.

Power Analytics joins ABB, Schneider and Siemens in being a leader in this organization. The RTCC brings together industry, government and academia to market and grow the region’s potential in smart grid, advanced transportation, water technologies, renewable energy and energy efficiency. The RTCC will work to position the Research Triangle region as a top location in the world for Cleantech.

“We are proud to be among the founding board members named to the RTCC in the Research Triangle area,” said Ascolese. “This area’s great qualities are what attracted Power Analytics to build a presence here several years ago. We look forward to building partnerships and extending growth opportunities for the region in the Cleantech sector.”

The Research Triangle Region's Cleantech cluster is leading the way with a critical mass of researchers, more than 623 companies and a range of support organizations that are accelerating economic and technological growth in smart grid, advanced transportation and alternative energy. For more information, visit http://www.researchtriangle.org/clusters/cleantech

About Power Analytics Corporation

Used by the power industry for more than 25 years, Power Analytics’ software solutions have surged to the forefront of the electrical system planning, operation and smart grid market space for use in energy intensive, mission-critical facilities and microgrids. Paladin products currently protect more than $100 billion in customer assets including financial data centers, air traffic control sites, military installations, deep sea oil platforms, and power generation and distribution facilities. The company is headquartered in San Diego, Calif. and has a smart grid center of excellence in Raleigh, N.C.

Paladin, Paladin DesignBase, Paladin Live, Paladin SmartGrid, and Power Analytics are trademarks of Power Analytics Corporation. For more information about Power Analytics and its products, visit www.PowerAnalytics.com.