Company Profile: Electric City Corp (ELC)

Electric City is a developer, manufacturer and integrator of energy saving technologies, custom electric switchgear and an integrator of building and environmental control systems. The company’s premier energy saving product is the EnergySaver system, which reduces energy consumed by lighting, typically by 20% to 30%, with minimal reduction in lighting levels. This technology has applications in commercial buildings, factories and office structures, as well as street lighting and parking lot lighting. In addition to its EnergySaver system, the company manufactures, through its subsidiary, Switchboard Apparatus, Inc. (“Switchboard”), custom electric switchgear, including its TP3 line of pre-packaged electrical distribution panels designed for use in telecommunications and Internet network centers, and through its other subsidiary, Great Lakes Controlled Energy Corp., designs, installs and monitors building control and environmental systems.

The company organizes and manages its business in three distinct segments: the Energy Technology segment, the Power Management segment and the Building Control and Automation segment.

The Energy Technology segment designs, manufacturers and markets energy saving technologies, primarily to commercial and industrial customers. The principal products produced by this segment are the EnergySaver and the Global Commander. This segment is headquartered, and most of its operations are located, in Elk Grove Village, Illinois.

The Power Management segment designs, manufactures and markets a wide range of commercial and industrial switching gear and distribution panels. This segment is comprised of the business acquired from Marino Electric in May 1999 and Switchboard Apparatus, which was acquired in August 2000. The segment operates as Switchboard Apparatus out of facilities located in Broadview, Illinois.

The Building Control and Automation segment provides integration of building and environmental control systems for commercial and industrial customers. This segment is comprised of Great Lakes Controlled Energy Corp., a company that was acquired in June 2001.