Exerpted from The Huntsville Times, January 6, 2008
Brighter Ideas for Utilities - Carina Helps Utilities Offer Services More Efficiently
Companies, customers gain with remote control options
By Brian Lawson
HUNTSVILLE, Alabama -- In the world of $100 oil and corn emerging as the new fossil fuel, Carina Technology, Inc. is betting utility companies are ready to rethink how they interact with their customers.
The Huntsville-based firm, which recently moved to an expanded office in Cummings Research Park, has a patented technology that includes both hardware and software for smart metering and power management.
"In 2005, Congress passed the Energy Act which encourages the utility industry toward energy efficiency and consumer friendliness," said Jay Newkirk, Carina's chairman and CEO. "We are responding to that evolving market."
Newkirk, who turns 67 this week, was co-founder of Computer Systems Technology, Inc., which he helped build into a $100 million a year company, before CST was sold to SAIC in 2003.
He came to Huntsville in the 1960s to work on the Apollo program for Northrop. He was part of the team that simulated rocket launches to determine flight trajectory. After Apollo's success, he worked on defense systems, examining flight patterns of missile systems and later went into business for himself.
Despite being well-positioned for a comfortable retirement, Newkirk is happily wading into the new venture and expects 2008 to be a very strong growth year for Carina.
(...continued - contact for full article)
About Carina: Carina Technology, Inc. is a Huntsville-AL-based technology hardware and software firm that provides Utility Information Solutions through its patented CarinaPoint™ Solution. Carina enables energy providers to manage operations more efficiently through applications such as Meter Data Management, remote meter reading, Demand Side Management, & remote disconnect/reconnect. More information about Carina can be found at www.carinatek.com.
CONTACT:
Laura Pepper
Carina Technology, Inc.
Phone: 256.704.0422 x106
Fax: 256.704.0366
lpepper@carinatek.com
www.carinatek.com
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