Serious Energy Responds to Media Reports of Baseless Lawsuit

SUNNYVALE, Calif.--(BUSINESS WIRE)--According to a July 26, 2011 Greentech Media news story, Scientific Conservation is reported to have filed a lawsuit against Serious Energy and two newly hired employees for allegedly misappropriating trade secrets and other claims. While Serious Energy has not yet been made a party to the reported lawsuit, any such claims are entirely without merit. Serious Energy affirms the importance of the integrity of confidential and proprietary information to the innovation process. Indeed, as part of its own confidentiality agreement with employees – including the two accused employees – Serious Energy requires them to affirm that they will not improperly use or disclose the proprietary information or trade secrets of their former employers.

“We’re very busy and 100% focused on service to our customers and continuous development of our industry-leading, next generation products and services”

“We’re very busy and 100% focused on service to our customers and continuous development of our industry-leading, next generation products and services,” said Kevin Surace, CEO, Serious Energy, Inc. “We believe there is no more urgent imperative than to innovate around our buildings. We would have hoped Scientific Conservation would stay focused on their core business – instead of spending time clogging the legal system with groundless lawsuits. If employees are abandoning Scientific Conservation, then maybe Scientific Conservation needs to take a look at how they run their business and treat their employees.”

About Serious Energy

Serious Energy’s platform of products and services are designed to increase the value of buildings for both owners and occupants by combining real-time, connected building analytics and control with material science innovations. SeriousEnergy Manager is a cloud-based enterprise software system that monitors, optimizes, and controls building energy use using advanced algorithm technology. SeriousWindows and iWindow significantly improve building envelope energy performance, improving comfort and reducing heating and cooling. QuietRock delivers improved comfort, enabling buildings to increase density and help improve productivity. With an advanced software development team, six manufacturing plants, a strong patent portfolio and a broad network of distributors throughout the U.S. and Canada, Serious Energy products have been installed in over 70,000 projects worldwide, including the Empire State Building. For more information, visit www.SeriousEnergy.com.