Guaranteed energy savings from Siemens earns customer satisfaction
MISSISSAUGA, ON, June 23 /CNW/ - Peter Love of the Ontario Power
Authority (OPA), presented a Certificate of Recognition to Meinrad
Wagenschwanz, on behalf of Siemens Building Technologies, Ltd., a subsidiary
of Siemens Canada Limited., for the company's leadership role and long-term
commitment to conserve electricity. The certificate was presented to Siemens
in connection with its role in helping organizations use less electricity and
reduce greenhouse gas emissions, contributing to a culture of conservation in
the province of Ontario.
Siemens, working directly with the City of Timmins, Ontario, helped the
municipality to realize a return on its investment through an energy efficient
retrofit project. Siemens began the retrofit of 59 city buildings in May 2006
and completed the majority of the energy savings measures within 14 months.
The total cost to implement these measures was just over $3.5 million, while
the entire project is mainly being funded by the utility savings. Siemens
provided the City of Timmins with an annual savings guarantee of $392,000 -
with Siemens committing to pay the city the difference if actual cost savings
were to fall short of the guarantee. Conversely, if the cost savings exceeded
the guarantee amount, the city would keep the difference. Since the guarantee
period began in February 2008, the project has exceeded the savings guaranteed
by Siemens and in fact had accumulated utility savings of over $830,000 in its
first full year.
"I cannot overestimate the contribution that companies like Siemens make
towards creating a culture of conservation in Ontario," said Peter Love,
Ontario's first chief energy conservation officer. "They make it possible for
otherwise cash-strapped institutions to undertake retrofits, renovations and
equipment changes that will reduce energy use, reduce greenhouse gas emissions
and save taxpayers money."
"Siemens is grateful for this prestigious certificate of recognition and
is proud to offer businesses in Canada a vast portfolio of green products and
solutions from energy efficient retrofits to renewable energy applications,"
said Meinrad Wagenschwanz, vice president of Siemens Building Technologies,
Ltd. "At Siemens we believe that working with proactive and forward looking
cities, such as Timmins, is a key element to ensuring a positive impact on the
environment." While the project with the city of Timmins has produced
significant utility savings, the other benefits this project produced are just
as impressive including infrastructure upgrades through the replacement of old
equipment with new high efficiency technologies such as lights, boilers,
furnaces, air conditioners, etc. Lower maintenance costs and increased
building occupant comfort levels have also been a result of the new equipment.
In terms of greenhouse gas reductions, the city has already reduced its annual
carbon footprint by over 2,500 tonnes as a result of this project. This is the
equivalent of removing over 800 mid sized cars from our roadways each year.
"At Siemens we are committed to helping our customers achieve their goals
and to this end and with our commitment to the environment, we guarantee the
savings, based on detailed engineering analysis," said Al McElhone, account
executive for Siemens. "We feel it is critical to deliver what we promise and
stand behind the support we provide our customers."
About Siemens in Canada
Siemens is one of the largest and most diversified companies in the world
of electronics and electrical engineering, operating in the industry, energy
and healthcare sectors. The company has approximately 6,000 employees in
Canada, working to develop and manufacture products, design and install
complex systems and projects, and tailor a wide range of solutions for
individual requirements. For almost 100 years in Canada, Siemens has stood for
technical achievements, innovation, quality and reliability. Sales for Siemens
in Canada for fiscal 2008 (ended September 30), were $2.6 billion CAD. Further
information is available at www.siemens.ca
This press release may contain forward-looking statements based on the
beliefs of the management of Siemens Canada Limited and its affiliates. The
words "anticipate," "believe," "estimate," "forecast," "expect," "intend,"
"plan," "should," and "project," are used to identify forward-looking
statements. Such statements reflect the management's current views with
respect to future events and are subject to risks and uncertainties. Many
factors could cause the actual results to be materially different, among
others, changes in general economic and business conditions, changes in
currency exchange rate and interest rates, introduction of competing products,
lack of acceptance of new products or services and changes in business
strategy. Actual results may vary materially from those projected here.
Siemens Canada Limited and its affiliates do not intend or assume any
obligation to update these forward-looking statements.
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