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APX’s North American Renewables Registry™ Infrastructure Extended to Energy Efficiency Markets

Energy Efficiency Certificates Now Being Registered with APX

Hoboken, NJ - March 9, 2010 - APX, Inc., the leading infrastructure provider for environmental and energy markets, is pleased to announce that it has now extended its registry services to include both renewable energy and energy efficiency certificates for voluntary markets. The first voluntary Energy Efficiency Certificates (EECs) registered in the APX North American Renewables Registry™ were registered by IBM Corporation.

As part of IBM’s ongoing efforts to reduce energy use and cost while improving service, and managing risk in their data centers, IBM recently completed the initial phase of a virtualization and server consolidation project to reduce energy use in its data center in Ontario, Canada. These actions resulted in registered energy efficiency savings of over 1000 megawatt hours annually. This is expected to increase to an estimated 2700 megawatt hours per year as the project continues in 2010. When complete, this IBM data center location will consume approximately 80 percent less energy to deliver the current workload that supports IBM operations in Canada.

“As we help clients to benchmark and improve data center efficiency operations, as well as reduce environmental impact, EECs offer an effective way to measure and verify energy savings in complex virtualization and consolidation projects like the IBM Markham project in accordance with applicable regulatory or voluntary standards governing energy efficiency certificates,” said Rich Lechner, Vice President of Energy and Environment Marketing and Communications at IBM. “Through this process, we can also enhance the ROI of energy efficiency projects in the form of utility and regulatory agency rebates and incentives. The APX registry service can be an essential element in enabling the documentation, registration, and management of these benefits.”

The EECs were issued to IBM based on an independent audit and verification of permanent reductions conducted by Neuwing Energy Ventures, following the same standards as those used in regulated markets. Each EEC in the North American Renewables Registry is a unique and traceable commodity that represents a megawatt hour of energy saved.

“The potential for energy efficiency savings in our economy is enormous and includes some of our lowest cost solutions to combat climate change and improve sustainability,” said Brian Storms, Chairman and CEO of APX, Inc. “The extension of our market infrastructure to support emerging markets in Energy Efficiency Certificates is an important step in helping corporations monetize these savings and speed the development of EEC markets. We are privileged to support IBM in this important work.”

About APX Inc.
APX is the leading infrastructure provider for environmental and energy markets in renewable energy and carbon commodities. APX business services include the APX Environmental Management Account™, a comprehensive suite of solutions for environmental asset and risk management in the new carbon economy (www.emaccount.com). More than 1300 global firms trust APX to issue, track, manage and retire environmental commodities across all renewable energy markets in North America and carbon markets worldwide. APX also provides technology, strategic consulting, and expert operational services to assist wholesale power market participants reduce costs and improve performance in power scheduling, settlement, market operations, system operations support, and demand response programs. APX is a privately held company. For additional information, please visit: www.apx.com

About IBM
IBM’s approach is twofold: work to make existing products and processes more efficient for both the environment and for business, while also developing new innovations that can help the world become smarter, drive economic and operational improvements, increase accountability and lessen environmental impact. IBM’s vision is to improve the way the world works— how every person, business, organization, government, natural system and man-made system interacts. Each of these relationships represents a chance to do something better, more efficiently and productively. For additional information, please visit: ibm.com/green

About Neuwing Energy Ventures
Neuwing Energy Ventures is a leading provider of commercial energy strategies that focus on financial performance and environmental responsibility. Its energy and financial consulting services improve the investment returns and transparency of reporting on client’s energy efficiency and renewable energy initiatives. Neuwing tailors unique strategies to help clients maximize additional revenue streams, cost reductions, and energy savings by leveraging market opportunities, operational efficiencies, and government incentives. For additional information, please visit: neuwingenergy.com

Contact:
Kenneth Lopian
Managing Director
APX, Inc.
+1 201-748-7979
klopian@apx.com