January 19th, 2010: Strategic Funding “A” Round Led By Dominion Resources

The Investment Validates Power Tagging’s Progressive and Proven Solutions to Smart Grid Challenges.

Boulder, CO—January 19, 2010— Power Tagging, a leading provider of next generation smart grid communications technologies, today announced that it has closed its first round of outside funding. On the heels of the company’s first commercial pilot deployment and a National Science Foundation grant, Dominion Resources (NYSE: D), a leading energy provider has led the financing round.  The driving force for the Dominion Resources investment in Power Tagging is the ability to deliver intelligence to the grid in a proven, cost-effective and readily deployable manner. Power Tagging’s technology can enable smart grids at a fraction of the cost of existing technologies.  To date, Power Tagging’s self-funded development along with the new investment launches the company to its next stage of growth.

In addition to the investment aspect of the partnership, Dominion and Power Tagging will also work together on commercial deployments in areas such as real-time grid mapping, fault isolation, electric vehicle integration and grid cyber security.  Cooperative development of applications means that customer needs are prioritized while the stability of utility operations are addressed and enhanced.

“Dominion is excited to support and partner with Power Tagging,” said Mary C. Doswell, senior vice president-Alternative Energy Solutions for Dominion. “We see this as the technology that will play a key role in transforming infrastructure into a truly smart grid.”

“We’re excited to be working with Dominion,” said John LoPorto, Power Tagging president and CEO.   Smart grid companies must develop reliable products in concert with forward-looking utility partners that work to meet the needs of the grid for the next century.”

In the Smart Grid of the future, electric power will be measurable, traceable, and auditable much like data is on the Internet today.  To enable this futuristic vision, Power Tagging has created a revolutionary technology that enables encrypted digital “tags” to be attached to grid-resident devices. These Power Tags can also be used to identify the power these grid-resident devices consume, produce, or conduct. For the first time, the grid, and even the power itself, has embedded intelligence.

Grid Location Aware™
Power Tags make the power grid “Grid Location Aware™”. This awareness is linked to each device’s real-time schematic location on the grid. Grid Location Awareness produces many benefits for Smart Grid systems, and many of these benefits are impossible to achieve with previous approaches to Smart Grid deployments.  The economic and technological breakthroughs that Power Tagging has developed address all these issues and more.  To learn more about the Power Tagging solutions visit www.powertagging.com.

About Power Tagging

Power Tagging is the leader in next generation smart grid communications for the 21st century. Power Tagging’s rapidly growing team is focused on delivering excellent solutions that fundamentally transform what is expected from the power grid. Power Tagging leverages its patent-pending technology for digitally “tagging” electric power and attached devices to drive solutions in grid mapping, fault isolation, electric vehicle integration, demand side management and grid cyber security. By working with utilities, the stewards of the power grid, Power Tagging solutions are ready for immediate adoption and maximal impact.

About Dominion

Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 27,500 megawatts of generation, 1.2 trillion cubic feet equivalent of proved natural gas and oil reserves, 14,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines. Dominion operates the nation’s largest natural gas storage facility with 975 billion cubic feet of storage capacity and serves retail energy customers in 12 states. Its corporate headquarters are in Richmond, Va. For additional information about Dominion, please visit www.dom.com