VANCOUVER, BC, May 16, 2023
/CNW/ - Copperleaf® Technologies Inc. (TSX: CPLF)
("Copperleaf" or the "Company") announces the selection of its
decision analytics solution by Baltimore Gas and Electric
(BGE), the largest utility provider in Maryland. BGE serves over 1.3 million electric
customers and 700,000 gas customers across the state.
BGE will implement Copperleaf Asset™ to manage its
transmission and substation asset sustainment plans.
With Copperleaf Asset, BGE will be able to proactively
manage risk exposure, create what-if scenarios to make informed
trade-offs between investment strategies, and bundle asset
interventions in the most efficient and cost-effective way using
Copperleaf's Intelligent Bundling capability.
"The use of Copperleaf Asset, and the new capabilities to
be developed through our partnership, will enable BGE's asset
management strategy to move beyond individual asset replacement
programs," said Jermel Miller,
Director of Transmission and Substation Engineering. "In our
constant pursuit of improved system reliability and increased
customer satisfaction, this platform will ensure the dollars we
invest in asset performance improvement provide the largest value
to our customers."
"We are delighted to welcome BGE, a leader in energy innovation,
to the Copperleaf Community and look forward to building a
successful long-term partnership," shared Paul Sakrzewski,
Copperleaf CEO. "By eliminating siloes and
using Copperleaf Asset to balance cost, risk, and
business outcomes across all asset classes, BGE can make
value-based decisions that align with its strategic
objectives."
Forward-Looking
Statements
This news release may contain "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws in
Canada, including, without
limitation, statements with respect to our expectations, future
plans or opportunities. Forward-looking information is necessarily
based on a number of opinions, estimates and assumptions that we
considered appropriate and reasonable as at the date such
statements are made, but which are subject to known and unknown
risks, uncertainties, assumptions and other factors that may cause
the actual results, level of activity, performance or achievements
to be materially different from those expressed or implied by such
forward-looking information, including but not limited to the risk
factors described in our 2022 Annual Information Form ("AIF") under
"Risk Factors. Accordingly, readers should not place undue reliance
on forward-looking information.
These statements reflect the Company's current expectations
regarding future events, performance, and results and speak only as
of the date of this news release. Consequently, there can be no
assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Except as required by securities
disclosure laws and regulations applicable to the Company, the
Company undertakes no obligation to update these forward-looking
statements if the Company's expectations regarding future events,
performance, or results change.
About Baltimore Gas and
Electric
BGE is Maryland's largest
natural gas and electric utility, providing safe and reliable
energy delivery to more than 1.3 million electric customers and
700,000 natural gas customers in central Maryland. The company was founded in 1816 as
the nation's first gas utility and remains headquartered in
Baltimore City to this day. BGE is
a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's
leading energy utility company. Engage with the latest BGE stories
on bgenow.com and connect with BGE on Facebook, Twitter, Instagram,
and YouTube.
About Copperleaf
Copperleaf (TSX:CPLF) provides enterprise decision analytics
software solutions to companies managing critical infrastructure.
We leverage operational and financial data to empower our clients
to make investment decisions that deliver the highest business
value. What sets us apart is our commitment to providing
extraordinary experiences, shaped by people who care deeply,
products that deliver exceptional value, and partnerships that
stand the test of time. Copperleaf is a patron of The Institute of
Asset Management and actively participates in shaping the future of
asset management standards, including ISO 55000. Headquartered in
Vancouver, Canada, our solutions
are distributed and supported by regional staff and partners
worldwide. Together, we are transforming how the world sees
value.
For more details, visit https://www.copperleaf.com/
Source: Copperleaf Technologies Inc.
CPLF-IR
SOURCE CopperLeaf Technologies Inc.