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Empire Power Systems to Work With BluePoint Energy on Cogeneration and Demand Response Opportunities

Posted on: Monday, 2 June 2008, 09:22 CDT

Chapeau, Inc. d/b/a BluePoint Energy (OTCBB:CPEU) today announced it has received a letter of intent from Arizona-based Empire Power Systems, a Division of Empire Southwest, LLC, which ranks among the top Caterpillar equipment dealers in the world, pursuant to which Empire Power Systems will work with BluePoint Energy on cogeneration and demand response opportunities within Empire's sales and service territory of Arizona, Southeastern California and portions of Northern Mexico.

Among other things delineated in the letter, Empire will market BluePoint's EnviroGen(R) Energy Module gas cogeneration systems and BluePoint's demand response asset aggregation program (D-RAAP(TM)) and related solutions to Empire's end use customers and utilities, with BluePoint providing marketing and/or technical resources as necessary in support of Empire's efforts with qualified opportunities.

In addition, Empire and BluePoint will share in certain profits on terms to be mutually agreed based upon a variety of factors, including levels of risk and required engagement of each party on a project-by-project basis. It is also anticipated that Empire Power Systems will be chosen to execute the maintenance for any installed systems contemplated under this arrangement.

Empire and BluePoint agree to be the primary, although non-exclusive, parties involved in marketing and supporting of reciprocating gas engine cogeneration systems and demand response opportunities. It is further anticipated that each party will maintain open dialogue and will consent to a first right of refusal to work together in Empire's Caterpillar sales and service territory.

Guy A. Archbold, Chief Executive Officer of BluePoint Energy, said, "This arrangement with one of the top Caterpillar equipment dealers worldwide is an excellent development for BluePoint. Empire clearly recognizes the opportunities in demand response as well as cogeneration. With Arizona in the initial stages of developing and implementing its demand response initiatives, the collaborative effort with Empire Power Systems uniquely positions BluePoint to become an immediate market leader in a rapidly growing region of the United States."

Brett Burns, General Manager of Empire Power Systems, said, "Empire is pleased to partner with capable people and capable companies that allow us to better serve our customers. With the recent mandates by our Arizona utilities for both renewable energy and demand response, we clearly have a tremendous new opportunity. By representing superior BluePoint Energy technologies, we believe we have the competitive edge to be a key player in providing solutions to these distributed energy markets. We are excited with this agreement with BluePoint."

Empire has immediate cogeneration opportunities for digester gas applications that will be jointly developed utilizing incentives from the local utility, Arizona Public Service. Most of these opportunities involve dairy farms where methane gases from animal waste are captured to generate electricity and hot water for the dairy operations.

About Empire Power Systems

Empire Power Systems sells, rents and provides product support for the Caterpillar engines used to provide power for electricity generation, water pumping and other industrial applications as well as those used in on-highway trucks. Empire Power Systems is a division of Empire Southwest, LLC, the authorized Caterpillar(R) dealer for heavy equipment and engines in Arizona, Southeastern California and portions of Northern Mexico. Ranking among the top Caterpillar dealers in the world, Empire Southwest, LLC is headquartered on a 40-acre campus in Mesa, Arizona, has more than 1,400 employees with operations in Buckeye, Flagstaff, Kingman, Lake Havasu, Nogales, Phoenix, Prescott, Safford, Show Low, Tucson and Yuma, Arizona and Imperial, California.

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

Chapeau is an energy management company that provides state-of-the-art, technology-based, environmentally responsible, ultra clean, 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(TM) (Demand Response Asset Aggregation Program) and EnviroGen(TM) Energy Modules, both solutions utilizing Chapeau's proprietary, robust, multi-layered, Internet and microprocessor-based GenView(TM) 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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