HydroPoint Data Systems announces best year in company's history
22 Jan, 2009 LM Direct!PETALUMA, CA – HydroPoint Data Systems, Inc., provider of the WeatherTRAK Smart Water Management solution, announced record breaking growth for the year ending Dec. 31, 2008. HydroPoint saw three record breaking quarters contributing to over 70% year-over-year growth in revenue, closing its strongest fourth quarter ever. The company also passed a customer milestone of more than 16,000 subscribers, growing subscriber revenue 105% and holding commercial subscriber retention at 95%. In addition, distribution revenue increased by 95% year over year.
In a Jan. 22 news release, the company said that customers such as Regency, The Coca-Cola Company, Kohls, to name a few, have selected HydroPoint's WeatherTRAK Smart Water Management Solution to drive this growth. HydroPoint's WeatherTRAK smart irrigation controllers eliminate water waste through the automated adjustment of water output based on multiple environmental parameters including plant type and local weather. Saving four times more water than traditional urban water conservation practices, the WeatherTRAK solution's automation boosts the productivity of landscape maintenance teams as workers no longer need to adjust irrigation systems manually.
"Customer results have been the key to our success," said Paul Ciandrini, President and Chief Executive Officer for HydroPoint Data Systems. "WeatherTRAK provides industry leading water conservation results and a 12-24 month time to return; one of the shortest ROI’s for most Green Technologies."
Clean water technology
With the technology evolution from "irrigation controllers" to "clean water technology" and the momentum of smart water management, industries from government/municipalities to retail and manufacturing are adopting HydroPoint technology as the standard for reducing their water and energy footprint.
With both higher water costs and drought conditions becoming more prevalent across North America, the sharp decline in the world's water supply has meant a dramatic increase in water rates, which has now outpaced oil and gas prices. This in turn has resulted in the adoption of clean water technology and corporate sustainability programs.
Leading companies such as Jack in the Box, The Coca-Cola Company, Lockheed Martin, Google, and eBay as well as municipalities like Newport Beach, CA, Petaluma, CA, and Charleston, SC, are adopting Sustainability 2.0 practices to ensure the lasting success of their green programs. Sustainability 2.0 represents the next generation of emerging sustainability programs that share a set of common characteristics – delivering significant financial cost savings and accountability that previous initiatives lacked, while also meeting enterprise sustainability goals for reducing a company's water footprint and environmental impact.
HydroPoint Partners with Wal-Mart on Green Jobs council
Wal-Mart Stores, Inc. (NYSE: WMT) has established a partnership with many of its leading sustainability suppliers to facilitate the creation of green jobs in the United States. The Wal-Mart Green Jobs Council is comprised of representatives throughout the retailer's divisions, including store operations, real estate, logistics and sustainability, and representatives from suppliers across a variety of industries.
New hires
To strengthen the management team and further its efforts in promoting Smart Water Management’s dual benefits of responsible water conservation that delivers significant financial returns, several key executive positions were filled: President/CEO, Sr. VP of Sales, VP of Marketing, and VP of Professional Services and Support.
WeatherTRAK's Web-based features
Programming — Enabling remote and faster programming with the ability to view all water controller functions on a single Web page
Managing – Users enjoy faster troubleshooting and problem resolution with the ability to view and make any controller changes in real-time
Monitoring – WeatherTRAK users can save more water and improve landscapes by adjusting or making changes as they occur.
HydroPoint is the only company that can provide localized high resolution weather data down to a square kilometer. This data is sent to adjust the WeatherTRAK controller's scientifically calculated run time based on actual site and environmental conditions. With the industry's easiest to use central Internet management software, HydroPoint enables remote programming, monitoring and management of one or more WeatherTRAK controllers.
HydroPoint's products are the most independently tested and validated water management solutions in the industry and have been proven in 23 independent studies including The Environmental Protection Agency (EPA), Center for Irrigation Technology and Los Angeles Department of Water and Power.
About HydroPoint Data Systems, Inc.
HydroPoint's WeatherTRAK solution delivers financial and environmental benefits by revolutionizing landscape irrigation. Proven in 23 independent studies, including the EPA, the WeatherTRAK solution saves water, reduces energy demand and protects water quality while it minimizes liability and expense exposure.
The news release said that in 2009 alone, WeatherTRAK subscribers will save 11.3 billion gallons of water, 45 million kilowatt hours and 60 million pounds of CO2. With water rates ranging from $2 to $6 per 1000 gallons and additional related expenses due to overwatering damages ranging from $500 to $10,000 per site, WeatherTRAK has been identified as the green initiative with the fastest payback by leading companies across the country. Headquartered in Petaluma, Calif., HydroPoint is privately owned and operated. For more information, visit http://www.hydropoint.com
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