Data Preservation and Smart Analytics plays an Integral Role in Trimark's Product and Services
SUNNYVALE, Calif., May 28, 2013 /CNW/ - LeoNovus™ Inc. (TSX: LTV), a leading Internet technology developer with its multi-dimensional SMART Media Software™ Platform and SMART Networks™, today announced that Trimark Associates (www.trimarkassoc.com) is a lead customer for wide-area data management services using the LeoNovus distributed data center or cloud services at the edges being offered in Stratford, Ontario, as well as California. The LeoNovus efficient "Dark Core" processing technology allows for full and efficient utilization of idle processors within and across LeoNovus-enabled hardware systems for purposes of delivering fast, secure, and cost-effective storage systems and compute capabilities for the enterprise.
Trimark is a leading provider of measurement and communications solutions for the Electric and Solar Power Industry. Trimark develops reliable, affordable revenue-grade metering, monitoring and reporting solutions that power producers require for ISO compliance, accurate billing and settlements, and optimization of power production. Trimark processes generation and consumption data from over 1,200 electric generation meters throughout California and across the United States. The electric power that passes through these meters is valued at almost a half billion dollars annually.
"The electric generation industry is driven by data," said Mark Morosky, President of Trimark Associates, Inc. "Meter data is the basis for resource owners to get paid, so it's essential that the data is accurate and secure. Equally important, data from power generation systems and meteorological instruments help the California Independent System Operator (CAISO) ensure a stable electric grid. As a service provider to the electric industry, Trimark must store and back up data to protect against disaster. Efficient, secure, and fast data processing and preservation is required for us to record nearly a half billion dollars in energy transactions. The LeoNovus distributed data center helps us ensure total customer satisfaction and increases our reporting efficiency with reliable cloud services."
LeoNovus offers increased security and disaster recovery across geo-dispersed end-nodes with high-level redundancy and a fault tolerance at 70% device failure before experiencing any impact. This approach has a high-level of reliability, and unlike traditional data centers that can be completely knocked out by storms or other unpredictable disasters, this allows for immediate recovery due to redundancy across a broader geographical area.
"The rapidly growing demand for vast amounts of storage at data centers, whether for the enterprise or cloud services, needs a solution to lowering costs and ensuring data is secure," said Gordon Campbell, Chairman and CEO at LeoNovus. "Large data centers face the challenge of a year to three years to plan and fully deploy due to an extensive list of time-consuming requirements -- acquire land, build a center, comply with government policy and regulations, secure adequate bandwidth, deploy computing power and storage, and do so with a footprint that reduces carbon emissions. The LeoNovus Dark Core processing technology provides the optimal solution by providing highly reliable cloud services."
LeoNovus Inc., offers a unique technology approach to a diverse group of markets that require efficient processing, preservation, and accurate management of immense amounts of data with the benefit of significant energy and real-estate cost reductions, while at the same time offering companies and organizations within these markets the ability to create new revenue streams. Currently, LeoNovus has made inroads into the Internet, data center, hospitality, and health care markets. The LeoNovus Software platform also supports connected devices with access to all the features, content, and functionality available on the Web without the malware, security and support issues of a PC. LeoNovus seeks to change the way high-value Internet content is organized, monetized, and delivered to end users. Learn more at www.LeoNovus.com
LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009. Further information about LeoNovus can be found in its filings with Canadian securities regulators, which filings are available at http://www.sedar.com
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Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus' growth, the state of the financial markets, regulatory risks and other factors. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of, and the intended use of proceeds of, the Offering. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.
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SOURCE: LeoNovus Inc.
For further information:
Gordon Campbell, Chief Executive Officer, +1-408-541-9400, Fax: +1-408-541-9410, media@LeoNovus.com