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Prolucid Technologies Inc. Awarded Nearly $900,000 from Ontarios Smart Grid Fund

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Mississauga, ON (PRWEB) June 11, 2012

Mississauga, ON, 11 June 2012 Prolucid Technologies Inc., a Toronto-based software engineering firm, announced today that it has been awarded $ 887,820 from Ontarios Smart Grid Fund to demonstrate its embedded LocalGrid software at Exhibition Place in Toronto.

In the two-year demonstration period, starting later this year, Prolucid will build an integrated network of intelligent grid devices to manage, monitor and control the power grid at Exhibition Place, an ideal site due to its high public profile and its current mix of distributed generation installation, including solar, wind and CHP (co-generation heat and power).

The project will integrate these existing devices using the latest grid communication protocols, providing Toronto Hydro-Electric System Limited (Toronto Hydro) with an unprecedented level of detail about power quality, load, capacity and generation output across the network. Toronto Hydro will be able to use this data and the new tools the software provides to optimize the generation and consumption of power on the local grid at Exhibition Place, while also improving the quality and reliability of power in Toronto. Toronto Hydro is excited to be part of this innovative project. It should allow us to bring more green energy projects online, said Richard Ford, Manager, Grid Solutions, Toronto Hydro.

Prolucid has partnered with Toronto Hydro, National Instruments (NI), Ciufo & Cooperberg Consulting Inc. and WindShare, the cooperative that owns and operates the Exhibition Place wind turbine with Toronto Hydro. These partnerships will leverage industry experience and expertise to develop viable grid solutions that will ultimately reduce the cost of building a new, smarter electricity grid and increase the connection of clean, renewable energy into Ontarios generation mix.

The software and hardware platform based on National Instruments (NI) CompactRIO technology will allow Prolucid and Toronto Hydro to rapidly prototype, develop and deploy technologies that are designed to meet the requirements of the local grid, while also providing greater technology headroom for future requirements that have yet to be developed.

Due to the complexity of the electric power system, integration is key. The NI platform is beneficial because it addresses both legacy and intelligent energy systems. Distributed intelligence deployments will provide utilities with data that was previously unavailable, said Owen Golden, Vice President of National Instruments Global Energy Segment. Utilities will gain the ability to see across their entire system as well as the interconnection of renewable energy sources. This project will enable Toronto Hydro to harness the advanced analytics of the technology as it identifies new customer requirements that drive the evolution of the smart grid.

This funding and the demonstration project ensure that Ontario will continue to lead in the development of smart grid technology, said Bob Leigh, President, Prolucid Technologies Inc. Utilities globally face significant challenges to change the model of power consumption, reducing greenhouse gases and increasing the efficiency of the grid. The technology Prolucid is developing will allow utilities to rapidly upgrade their grid and move forward with better, greener solutions.

About Prolucid Technologies Inc.

Prolucid Technologies provides software engineering and product commercialization services, specializing in complex, mission critical, embedded systems that transform the way our clients do business. Our grid technology enables real-time management and control of power distribution to maximize the utilization of existing assets on the local grid for a fraction of new infrastructure costs. Prolucid is the winner of the 2011 Profit Hot 50 award and the BDO Business Value award. Prolucid is also a Silver Alliance Partner with National Instruments, partnering with them to develop grid solutions based on the NI CompactRIO product line.

About Toronto Hydro

Toronto Hydro is the regulated “wires” affiliate of Toronto Hydro Corporation and is the largest municipal electric distribution utility in Canada. Toronto Hydro ensures the safe and reliable delivery of electrical power to approximately 709,000 residential, commercial and industrial customers across the City of Toronto. This represents approximately 18 percent of electricity consumers in the province of Ontario. Toronto Hydro plans, maintains and operates Toronto’s electrical distribution system infrastructure safely, efficiently and in an environmentally responsible manner.

Toronto Hydro Facts:

City of Toronto population: 2.5 Million

Total number of customers: 709,000

Electricity Delivered (GigaWatt-Hours): 24,708

Total Revenue: $ 570.8 Million

Length of overhead wires (km): 15,100

Length of underground wires (km): Over 10,900

About National Instruments

Since 1976, National Instruments has equipped engineers and scientists with tools that accelerate productivity, innovation and discovery. NIs graphical system design approach to engineering provides an integrated software and hardware platform that speeds the development of any system needing measurement and control. The companys long-term vision and focus on improving society through its technology supports the success of its customers, employees, suppliers and shareholders.

About Ciufo & Cooperberg Consulting Inc.

Ciufo & Cooperberg Consulting Inc. (CCCI) provides services within the practice of Professional Engineering in the Province of Ontario. John Ciufo and Aaron Cooperberg are the principal owners. John Ciufo is a professional electrical engineer with thirty-six years of electric utility experience with a focus on protection and control (P&C) systems. John was the former Manager Protection & Control Strategies and Standards at Hydro One, and a former NERC and NPCC Relay Sub-committee Chair and Vice-Chair, respectively. Aaron Cooperberg is registered with Professional Engineers Ontario in the category of Power System Protection. Aaron has thirty-five years of electric utility experience with a focus on protection and control (P&C) systems. Aaron was the former Manager Protection & Control Planning at Hydro One. CCCI provides electric utilities with services in the following areas: smart grid, compliance, asset management, development of strategies, policies, standards, planning, training, and represent utilities as Owner Engineers.

About WindShare

WindShare is an innovative wind power co-operative, the first of its kind in Canada. WindShare’s mission is to demonstrate leadership and action in the community wind power sector, and to develop community power projects that are sustainable economically, environmentally, and socially. WindShare provides an alternative to large, centralized energy generation with the development of local, profitable and inclusive community power projects.

For more information, please contact:

Bob Leigh

President, Prolucid Technologies Inc.

Phone: 416-840-6493

Email:bob.leigh (at) prolucid (dot) ca

http://www.prolucid.ca

http://www.prolucidlocalgrid.com

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SunGards Global Network Surpasses $400 Billion in Total Fund Assets

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New York, NY (PRWEB) June 14, 2012

The SunGard Global Network (SGN) has surpassed $ 400 billion in total fund assets, including mutual funds and money market funds*. SGN Funds is an automated trade-routing solution connecting investors to fund families. SGN Short-Term Cash Management portal is a global compliance, trading and research solution for institutional cash investors.

Total fund assets traded through SGN has increased by 50% since 2009. According to the Investment Company Institutes 2012 Investment Company Fact Book, total net assets held in mutual funds from 2009 to 2011 increased by 4.3%.**

The number of fund investments and the variety of fund choices continue to grow worldwide as financial advisors react to shifts in demographics and retirement savings, trust companies seek greater operational efficiency as well as choice and flexibility to meet client needs and objectives, and corporations pursue greater liquidity and transparency in short-term investments. The growing retirement population, the transition of defined benefit to defined contribution plans, and the move to open architecture and outsourcing to third parties are driving increased variety and complexity of investments available and more complicated portfolios.

Bob Ward, chief operating officer of SunGards wealth management business, said, The growing fund activity SunGard is seeing through its SGN solutions points directly to the increasing importance of mutual funds and money market funds in fueling individual retirement savings, advisor service offerings and investment strategies of corporate treasurers. This trend is also a testament to the expanding adoption of automated solutions that help companies connect to other market participants, access a greater variety of products, and streamline operations. In addition, as a result of the need for better transparency and oversight, customers are looking to consolidate trade flow through one partner.

Launched in 1996, SGN Funds provides customers with access to global mutual funds, UCITS and exchange traded funds, facilitating straight-through processing between fund companies and a variety of bank, brokerage and retirement recordkeeping and accounting systems. Launched in 2002, the SGN Short-Term Cash Management portal is a global, multi-fund trading platform that helps corporate treasurers increase efficiency in researching, analyzing and gathering relevant information to help optimize short-term investments.

** Investment Company Institute (ICI), 2012 Investment Company Fact Book, Figure 1.1: Investment Company Total Net Assets by Type, Mutual Funds, page 9.

About the SunGard Global Network (SGN)

A trade automation and connectivity solution, the SunGard Global Network links institutions throughout the financial services value chain, offering services for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. SGN helps automate the entire trade lifecycle, from order execution through to post-trade processing. It facilitates trading on over 120 markets worldwide and links more than 2,000 asset managers with over 530 brokers, as well as interconnecting with major third-party order-routing networks. SGNs international connectivity hubs also support low-latency market data delivery from global markets.

About SunGard

SunGard is one of the worlds leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $ 4.5 billion, SunGard is the largest privately held software and services company and was ranked 480 on the Fortune 500. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.


Mutual fund and short-term cash management assets or securities are not held by SunGard.

SGN Brokerage Services offered in the United States and Canada are provided by SunGard Institutional Brokerage Inc., Member FINRA/SIPC

SGN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited which is authorized and regulated by the Financial Services Authority, No. 469919 Incorporated and registered in England and Wales No. 3127109 Registered Office: 25 Canada Square, London E14 5LQ.

SunGard Global Execution Services Limited (ARBN No. 132 508 742) is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the Financial Services Authority under UK laws, which differ from Australian laws.

Trademark Information: SunGard, the SunGard logo and the SunGard Global Network are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.