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Comverge, Inc. Named a Red Herring 100 Company Award Recognizes 100 Private Companies in North America That Drive the Technology Industry's Future BELMONT, Calif., May 18 /PRNewswire/ -- Comverge, Inc. today announced that it has been named one of the Red Herring 100 Private Companies of North America. "Five years after the dot-com bubble burst, innovation and entrepreneurship are thriving. The companies on this list are proof," said Red Herring editor-in-chief Joel Dreyfuss. "We thank Red Herring for recognizing our efforts with this prestigious award," said Robert M. Chiste, CEO of Comverge. "Comverge views itself as a rapidly growing and innovative company focused on quality, innovation and customer intimacy with the drive of a start-up business and the business values and disciplined processes of a mature company. Our outsourced Virtual Peaking Capacity(TM) business model is proving highly successful," Chiste, added. "With core corporate values, a strong financial position, and innovative products, technology and services Comverge will certainly continue our growth and create an enterprise that will continue to foster innovation for our electric utility customer base for a long and prosperous future. We will also focus on consolidating our industry with our leadership position and strong financial backing." Red Herring's lists of private companies are an important part of the magazine's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as those that would change the way we live and work. Red Herring's editorial staff rigorously evaluated more than 900 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. Red Herring 100 companies will be presenting their business model and strategy at the Red Herring Spring conference. Red Herring Spring will take place May 17-19 at the Monterey Plaza Hotel in Monterey, California. About Red Herring Spring Red Herring Spring is an invitation-only event for CEOs, select senior executives, and Venture Capitalists. Themed 'The Dynamics of Disruptions', Red Herring Spring 2005 will bring together executives from mostly private companies. These executives will be joined by senior executives from public companies and Venture Capitalists. Please contact Sean Raman at 650-428-2900 or email if you would like to request an invitation to Red Herring Spring. About Red Herring Red Herring is the weekly magazine technology entrepreneurs, investors and industry observers read to stay ahead of the curve and to be better informed about the global marketplace. Red Herring covers technology, innovation, financial strategies, important personalities and trends that are transforming the world of business with unique insight, opinion and forward-looking analysis. Readers turn to Red Herring for knowledge to make strategic decisions, build companies and create a competitive advantage for their businesses. Red Herring articles, blogs, research and event information can be found online at http://www.redherring.com/. About Comverge, Inc. Comverge, Inc., The Power in Power Technology(TM), is a leading energy intelligence company whose investors include Nth Power, EnerTech Capital, Data Systems & Software, Inc. (OTC:DSSI) (BULLETIN BOARD: DSSI) , E.ON Venture Partners GmbH (NYSE:EON), Ridgewood Capital, Easton Hunt Capital Partners, L.P., Norsk Hydro Technology Ventures (NYSE:NHY), Rockport Capital Partners, and Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of Companies. Comverge is represented across the world with offices and research facilities in Atlanta, Georgia; East Hanover, NJ; Newark, California; Pensacola, Florida; and Tel Aviv, Israel. Providing software and system solutions to over 500 clients in the electric utility industry, Comverge implements both integrated and outsourced solution based models for remote meter reading, distributed generation monitoring, and time-of-use billing and demand response, and direct or voluntary load control initiatives. For more information visit http://www.comverge.com/. CONTACT: Bud Vos, Vice President of Marketing of Comverge, +1-973-884-5970, or . DATASOURCE: Comverge, Inc. CONTACT: Bud Vos, Vice President of Marketing of Comverge, +1-973-884-5970, or Web site: http://www.comverge.com/ Web site: http://www.redherring.com/

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