Frost & Sullivan Confers Early Stage Investment Opportunity Award on ReMake Electric

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• Publié par: frost-sullivan
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• Langue: English

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Frost & Sullivan Confers Early Stage Investment Opportunity Award on ReMake Electric

PR Newswire LONDON, Sept. 25, 2012

- Award highlights company's excellence across product, marketing and management lines LONDON,Sept. 25, 2012/PRNewswire/ -- Based on its recent analysis of the energy equipment and instruments market, Frost & Sullivan recognises ReMake Electric with the 2012 Europe Early Stage Investment Opportunity Award. "ReMake Electric provides sustainable energy management solutions that help customers optimise their energy usage," notes Frost & Sullivan Senior Analyst Vinod Cartic. "Simple, innovative and versatile solutions promote energy conservation, while enabling customers to make economic gains." Since 2006, ReMake Electric has filed 4 patent applications in the Patent Co- operation Treaty (PCT) national phase process, covering 22 independent claims and over 104 claims in total. This testifies to the vigour of its intellectual property. The company is managed by a diverse and strong managerial team, comprising the right blend of expertise and acumen. This team has acted as the fulcrum in ReMake's steady growth and quest for a global leadership position. ReMake Electric's funding history as well as the strength and quality of its investors is commendable. The company announced that it had raised a second round of funding in 2011 and a third round in 2012. The rounds included participation from Eyrir Invest and New Business Venture Fund which now owns a 26.2 per cent and 18 per cent stake, respectively, in the company through the transaction. In the summer of 2012 Eyrir Invest moved its shares to Eyrir Sprotar, which is the shareholder today. "The investors in ReMake Electric come in as advisors on the board," says Cartic. "For instance out of the 5 board members, 3 are investors. This also helps address the investor-management conflicts, common to many other competitors." ReMake Electric excels in developing basic electrical metering products for energy consumption monitoring and analysis. It serves both commercial and residential customers. Given that many of its customers are based inEurope, ReMake Electric has, so far, adopted a very successful direct selling strategy. "From 2012, ReMake Electric plans to sell through established distribution companies in a bid to create a more global presence," states Cartic. "The company has positioned itself as a single-point, end-to-end solution provider for optimising energy usage." ReMake offers new ranges of intelligent metering products along with licensing metering modules and solutions. These products range from metering auxiliary products to existing electrical safety products from co-operation partners. The auxiliary products are used to add value and new monitoring possibilities to existing electrical systems in commercial, light industrial and large residential