Wireless Grids Corporation - Summerhill Biomass Systems Announce Biomass Energy Wireless Smart Grid MOU Signed

AUSTIN, Texas, June 30 /PRNewswire/ -- Wireless Grids Corporation –– Wireless Grids Corporation (WGC) and Summerhill Biomass Systems have agreed to enter into a Memorandum of Understanding (MOU) today to undertake a product trial of Wireless Grids Corporation's software product for automated (smart grid) control of Summerhill's biomass energy systems at several locations in New York State.  It is expected that further announcements of pilot project partners and locations will be made this summer.

WGC's energy-efficient architecture minimizes costs for coordinating distributed resources. WGC's edgeware product enables Summerhill's unique biomass energy systems to be managed and share information via Mobile Internet Devices.

WGC CEO John Andrews said: "WGC is excited to expand product testing into the biomass energy sector. As smart grid/clean technology companies look to increase efficiency and security of their green energy systems, WGC's edgeware solutions allow firms to easily manage distributed resources. We look forward to providing Summerhill Biomass Systems users with a rich and rewarding experience with their devices and Summerhill's unique affordable green energy systems."

Steve McKnight, CEO of Summerhill Biomass Systems, said: "I am delighted Summerhill Biomass Systems will be among the very first firms in the green/clean technology sector able to take advantage of Wireless Grids Corporations' product features to bring new ways of interacting with our patent-pending burners and grinders to our users and our supply chain partners. This will help us achieve our customer goals of profitability without government subsidy, unlike our competitors' so-called green energy systems."

Syracuse University Associate Professor Lee McKnight, Member, Board of Directors, WGC, and Summerhill Biomass Systems, said: "I am pleased by the progress both firms are making in bringing their paradigm-breaking platform technologies to market. I look forward to continued cooperation with WGC and Summerhill Biomass Systems defining open wireless grid specifications through their cooperation with the Syracuse University-Virginia Tech-led National Science Foundation Partnerships for Innovation Wireless Grid Innovation Testbed (WiGiT), as well as through the Syracuse University Chancellor's Leadership Project/Kauffman Foundation/Syracuse Center of Excellence in Energy and Environmental Systems SEED/iBox project, in which both firms are key partners."

About WGC/Varsity Media Group

Wireless Grids Corporation, spun out of Syracuse University in 2004 to set the standard for wireless grids, merged with Varsity Media Group Acquisitions Company in 2009.  WGC, labeled by Network World as one of "10 Wireless Companies to Watch" in 2008, introduced its first edgeware application 'WeJay' to the market in June 2010.

About Summerhill Biomass Systems

Summerhill Biomass Systems was founded in 2007 to lead the development of a new clean technology-based, biomass energy supply chain.  The firm is privately held.

Safe Harbor Statement: Forward-Looking Statements

This press release contains certain "forward-looking statements". Such statements include statements relating to the recent Grant awarded by the National Science Foundation to the company and other statements relating to future events or to the company's future financial performance and are not historical facts, including statements which may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words.  Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the company. Actual results may differ materially from the expectations contained in the forward-looking statements. Factors that may cause such differences include the risks that: (i) the company may be unsuccessful in commercially developing its products or in achieving market acceptance of new and relatively unproven technologies; (ii) the company will need to raise additional capital to meet its business requirements in the future and the company may not be able to do so on reasonable terms or at all; (iii) the company's proprietary intellectual property rights may not adequately protect its products and technologies; and (iv) the company expects intense competition in its target markets, including from companies that have much greater resources than the company, and there can be no assurance that the company will be able to compete effectively. More detailed information about the company and the risk factors that may affect the realization of forward-looking statements is set forth in the company's Private Placement Memorandum. The company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

SOURCE Wireless Grids Corporation

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