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POWER MANAGEMENT UPDATE

October 18, 2013 by

Web Page sponsor Merlin Power Systems Ltd.

For further information please contact: Merlin Power Systems, Unit 4 Cabot Business Village, Holyrood Close, Poole, Dorset BH17 7BA, United Kingdom.

Tel: +44 (0) 1202 697979 Web: www.merlinpowersystems.com
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09 Oct 13. PowerSecure International, Inc. has acquired the assets of Encari, LLC, a leading provider of cybersecurity and compliance consulting services to the utility industry.
“Now, with the added resources and substantial capabilities of PowerSecure, we will be able to provide a broader range of services to utilities as they continue to adapt to new and complex cybersecurity compliance requirements.”
The company expects that the $4.8m cash transaction will be neutral to 2013 earnings per share (EPS), slightly accretive to 2014 EPS and additive to the gross margin of the company’s existing utility infrastructure business. The company could pay up to an additional $1.2m of consideration if Encari achieves certain income goals in the fourth quarter of 2013. Encari helps large investor-owned utilities, municipalities and cooperative utilities assess, improve and maintain their compliance with the North American Electric Reliability Corporation’s (NERC) Critical Infrastructure Protection (CIP) Reliability Standards. Utilities must comply with these standards or they could be subject to significant fines and penalties.
“PowerSecure is focused on serving our utility customers. By adding Encari’s technical consulting expertise, we are able to expand our service offering to our existing utility partners and bring new services to Encari’s impressive customer base,” said Sidney Hinton, chief executive officer of PowerSecure.
Steve Hamburg, president of Encari said, “With our unparalleled understanding of Federal Energy Regulatory Commission regulations and NERC CIP Reliability Standards, Encari has been able to help its utility customers achieve and maintain required compliance.”
“Now, with the added resources and substantial capabilities of PowerSecure, we will be able to provide a broader range of services to utilities as they continue to adapt to new and complex cybersecurity compliance requirements,” Hamburg added. (Source: Yahoo!/BUSINESS WIRE)

08 Oct 13. Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on third quarter funding and mergers and acquisitions (M&A) activity for the solar sector. Global venture capital (VC) funding in Q3 2013 totaled $207m (M), up slightly from the $189M raised in Q2 2013. VC funding was distributed across technology groups this quarter with PV companies receiving the most, $57m. Solar VC Funding Chart: http://mercomcapital.com/assets/images/Charts/Solar-Q3-2013/Chart_1.png Total corporate funding in the solar sector, including VC, debt financing and other equity financings raised by public companies, was significantly higher $2.18bn.
Raj Prabhu, CEO of Mercom Capital Group, commented, “Overall market conditions for the solar sector continue to improve. Project funding and M&A activity were at record levels reflecting improved demand outlook. Taking advantage of rising market values, we also saw significant financing activity among publicly-traded solar companies this quarter.”
The largest VC deal in Q3 2013 was the $39.9m raised by Solexel from Technology Partners, DAG Ventures, Northgate Capital, GSV Capital, KCPB Holdings and SunPower. eSolar raised $22M from Oak Investment Partners. Clean Power Finance raised $20m from UAE Fund, followed by HelioVolt which raised $19M from SK Group. (Source: Yahoo!/Marketwired)
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Merlin Power Systems are leaders in the design and manufacture of advanced generation, management and monitoring of power systems on vehicles and marine platforms. Being fielded in UOR, Green and SOF fleets combined with 20 years

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