Message #1 From:
Stock News Bot Date: August 3, 2006 07:14:00 AM
CPEU News BluePoint Energy and URS Corporation Accepted to Provide Energy Conservation Services under Contracts for the State of California Department of Corrections and Rehabilitation Facilities
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Aug. 3, 2006--Chapeau, Inc. d/b/a BluePoint Energy, Inc. (OTC BB: CPEU) today announced that the State of California Department of Corrections and Rehabilitation (CDCR) has accepted its response to a Request for Qualifications (RFQ) to provide energy conservation services to 33 adult institutions and 7 juvenile justice facilities under the jurisdiction of the CDCR. The response was submitted in May 2006 by URS Corporation on behalf a 3-member team that includes BluePoint Energy, Inc. and Robert Thomas Brown Company, a professional consulting company. The RFQ mandates project management, quality management, engineering, design, construction, estimating, and other energy conservation services to reduce CDCR's $81 million in electricity and natural gas purchases in fiscal 2005. Separate from the RFQ, BluePoint has already submitted its first discount energy purchase (DEP) proposal to the CDCR for a $1.9 million cogeneration project at the Heman G. Stark and East Chino correctional facilities.
Guy A. Archbold, Chief Executive Officer of BluePoint Energy, commented, "We are excited at the opportunity to demonstrate the efficiency of our state-of-the-art EnviroGen(TM) Energy Module combined heat and power technology, which is compliant with all California Air Quality Management District (AQMD) emission requirements. We are also pleased with the opportunity to team with URS Corporation, the largest engineering/design firm in the United States. This relationship highlights our abilities to deliver 'ultra-green' energy solutions to the California Department of Corrections and Rehabilitation and every other California State Department, while providing significant economic benefits via our proprietary discount energy purchase agreements and simultaneously reducing demand from an already burdened electric power grid in California. To that end and independent of the CDCR, we have already met with senior energy managers from most of the State's departments to elaborate upon this pathway of utilizing our EnviroGen(TM) Energy Modules combined with our discount energy purchase agreements to meet the Governor's Executive Order for 'greening' all California Departments, and have received highly favorable responses. It is estimated that the total number of State-owned facilities applicable to CHP exceeds 15,000. The recent summer heat waves and resultant statewide power outages only serve to reinforce the Governor's mandate for immediate attention to the power crisis facing California."
Archbold added, "The Governor of California has mandated via Executive Order that the following three critical issues be addressed and provided by every department within the State: (1) the 'greening' of every State-owned facility; (2) realization of resultant energy savings; and (3) decreased dependence by the State of California on its fragile electrical grid system. It is our mission to provide these exact benefits not only in California but also throughout the US and selected countries worldwide. To that end, we expect further announcements in the very near term."
About Chapeau, Inc. dba BluePoint Energy, Inc.
Chapeau, Inc. dba BluePoint Energy, Inc. designs, assembles and sells packaged Combined Heat and Power and tri-generation systems with ultra-clean emissions utilizing SC-EGR(R) proprietary technology under the trademark Lean-One(R). Chapeau utilizes its proprietary build, own, operate, and maintain discount energy purchase agreement financial model to provide reliable, efficient, clean and cost-effective energy solutions to the end-user. For more information, call 916-939-8700 or visit the Company's website at www.bluepointenergy.com.
URS Corporation offers a comprehensive range of professional planning and design, systems engineering and technical assistance, program and construction management, and operations and maintenance services for transportation, commercial/industrial, facilities, environmental, water/wastewater, homeland security, installations and logistics, and defense systems. Headquartered in San Francisco, the company operates in more than 20 countries with approximately 29,400 employees providing engineering and technical services to federal, state and local governmental agencies as well as private clients in the chemical, pharmaceutical, oil and gas, power, manufacturing, mining and forest product industries (www.urscorp.com).
About Robert Thomas Brown Company
Robert Thomas Brown Company is a professional consulting organization with a wide-ranging skill set including technology, engineering, manufacturing and training serving, among others, several California-based clients in a variety of market sectors. Headquartered in Southern California, Robert Thomas Brown Company is certified by the State of California as a Disabled Veteran Business Enterprise (DVSBE) and holds national certification as a Service Disabled Owned Small Business (SDVOSB) (www.rtbco.com).
The foregoing is news relating to Chapeau, Inc. dba BluePoint Energy, Inc. (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. d/b/a BluePoint Energy, Inc. (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.
