BluePoint Energy announces contract completion with next>edge, Inc. for purchase of Environmentally Preferred Advanced Generation Equipment
El Dorado Hills, Calif., October 26, 2004 - Chapeau, Inc. dba BluePoint Energy announced today that it has received a purchase order from next>edge, Inc. for a BluePoint Energy Lean-One® CHP Module and a YORK International advanced absorption chiller which shall comprise a state-of-the-art integrated cooling and heating module (ICHM) for installation by next>edge, Inc. at the Normandie Casino in Southern California. These transactions are in connection with a $2 million development initiative with the California Energy Commission (The Energy Commission) to reduce the installed cost of combined heat and power integrated heating, ventilation and air conditioning systems through standardized factory-assembled heating/cooling modules utilizing an optimized absorption chiller and engine heat management system. The Energy Commission's associated contract award was funded through the Public Interest Energy Research Program (PIER), Environmentally Preferred Advanced Generation Program Area.
BluePoint CEO, Guy A. Archbold, commented, "We at BluePoint are exceptionally pleased to have received this purchase order from next>edge, Inc., a proven turnkey provider of fully integrated energy solutions for owners and operators of real estate. As a wholly owned subsidiary of Arden Realty, Inc. (NYSE: ARI), the largest publicly traded office landlord in Southern California, we are gratified that next>edge, Inc. has elected to participate with BluePoint in the advancement of ICHM, the implications of which as noted by The Energy Commission can be substantial relative to future public and corporate operating and environmental benefits. The total market size in California alone over the next ten years is projected to be in excess of 4,000 megawatts.
"We view this contract from next>edge, Inc. as a significant advancement and endorsement of our Company's business model and the Lean-One® CHP Module's Ultra Lean-Ultra CleanT environmentally sensitive technology."
About next>edge, Inc.
next>edge, Inc. is a turnkey provider of fully integrated energy solutions for owners and operators of real estate. next>edge is evolutionary and revolutionary in its approach, with a proven track record recognized by the Federal Environmental Protection Agency (EPA). The company is a wholly owned subsidiary of Arden Realty, Inc. (NYSE:ARI), a self-administered, self-managed REIT that owns, manages, leases, develops, renovates and acquires commercial office properties located in Southern California and the largest publicly traded office landlord in Southern California, with 128 properties, consisting of 210 buildings and approximately 18.9 million net rentable square feet of office space, including one building with 99,000 square feet under renovation. For more information on the company, visit the next>edge, Inc. website at www.next-edge.com.
About Chapeau, Inc. dba BluePoint Energy
Chapeau, Inc. dba BluePoint Energy designs, assembles and sells packaged Combined Heat and Power generation systems under the trademark Lean-One® to utilities, energy service companies and commercial end users in need of reliable, efficient, clean and cost-effective energy solutions. The Company trades publicly on the Over-the-Counter Bulletin Board under the ticker symbol CPEU. For more information, call 916-941-6319 or visit the Company's website at www.bluepointenergy.com.
NOTE: The foregoing is news relating to Chapeau, Inc. dba BluePoint Energy (the "Company") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to the Company or its management, including without limitation, Chapeau, Inc. dba BluePoint Energy (as defined herein) and/or the Company's other subsidiaries, are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For a discussion of additional factors that may affect actual results, investors or interested parties should refer to the Company's filings with the Securities and Exchange Commission; in particular, its annual report on Form 10-K, most current 10Q and other filings as may be relevant. This does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes.
Contact:
Chapeau, Inc. dba BluePoint Energy
Guy A. Archbold, CEO, 916.941.6319