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BluePoint Energy Approved By New York Independent System Operator As Demand Response Curtailment Service Provider

Posted on: Monday, 19 November 2007, 09:01 CST

Chapeau, Inc. d/b/a BluePoint Energy (OTCBB:CPEU) announced today that it has been approved to participate in the New York Independent System Operator's Emergency Load Response Programs as a Curtailment Service Provider. This expands BluePoint's presence on the East Coast to regions servicing over 70 million end use customers. The New York Independent System Operator (NYISO) manages New York's electricity transmission grid, a 10,775-mile network of high-voltage lines carrying electricity throughout the state. The NYISO also oversees wholesale electricity markets where more than $50 billion has been transacted since 1999.

The NYISO's Emergency Demand Response Program (EDRP) is a short-notice program relying on the ability of many end-use customers, mostly industrial and commercial, to voluntarily reduce their demand for a short period of time. BluePoint Energy, as a NYISO Curtailment Service Provider, will act on behalf of end-use customers who wish to participate in the EDRP. The customers are paid by the NYISO for reducing energy consumption when asked to do so by the NYISO.

This agreement with the NYISO follows BluePoint Energy's recently announced agreement with PJM Interconnection, operator of the world's largest competitive wholesale electricity market ensuring the reliability of the largest centrally dispatched grid in the world, covering 13 states and the District of Columbia. BluePoint has also executed agreements with four other nationally recognized utilities and has an exclusive national development agreement for demand response management with an internationally-recognized leader in the hospitality industry.

BluePoint Energy's Demand Response Asset Aggregation Program (D-RAAP™) solution creates "virtual power plants" by providing centralized communication and dispatch control for a technological network of generation assets and building management systems, managed by our proprietary, Internet-based GenViewTM microprocessor control technology.

Guy A. Archbold, Chief Executive Officer of BluePoint Energy, stated, "This agreement with the New York Independent System Operator furthers BluePoint Energy's corporate mission to become a leading technology-based clean energy management provider of cost effective and environmentally sustainable energy solutions on both a national and international level."

Mr. Archbold concluded, "We believe our D-RAAP™ solution, integrating our proprietary Internet-based GenViewTM microprocessor control system designed to integrate generating assets with building management control systems, is uniquely different than curtailment alternatives currently available in the marketplace. Our capabilities will enable NYISO customers to participate in the EDRP and other demand response programs much more quickly and economically than with alternative suppliers."

About New York Independent System Operator

The New York Independent System Operator (NYISO) is a nonprofit corporation that began operations in 1999 to facilitate the restructuring of New York's electric industry. The NYISO operates the Empire State's bulk electricity grid and administers New York's wholesale electricity markets.

About Chapeau, Inc. d/b/a BluePoint Energy

Chapeau is an energy management company that provides state-of-the-art, technology-based, environmentally responsible (green) demand response (DR) and combined heat and power (CHP) solutions to commercial and industrial energy users across the majority of public and private industry sectors, including hospitality, retail, healthcare, manufacturing and government. To-date, the Company's efforts have focused principally on incorporating innovative and proprietary engineering solutions into its D-RAAP™ (Demand Response Asset Aggregation Program) and EnviroGen™ Energy Modules, both solutions utilizing Chapeau's proprietary, robust, multi-layered, Internet and microprocessor-based GenView™ control systems.

The foregoing is news relating to Chapeau, Inc. d/b/a BluePoint Energy, Inc. (the "Company") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this report, the words "anticipate,""believe,""estimate,""expect" and similar expressions as they relate to the Company or its management, including without limitation, Chapeau, Inc. d/b/a BluePoint Energy, Inc. (as defined herein) and/or the Company's other subsidiaries, are intended to identify such forward-looking statements. The Company's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For a discussion of additional factors that may affect actual results, investors or interested parties should refer to the Company's filings with the Securities and Exchange Commission; in particular, its annual report on Form 10-K, most current 10Q and other filings as may be relevant. This does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes.

Source: Business Wire

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