VANCOUVER, BC, Nov. 30,
2023 /CNW/ - Copperleaf® Technologies
Inc. (TSX: CPLF) ("Copperleaf" or the "Company") announces the
selection of its decision analytics solution by the distribution
subsidiary of Copel, one of the largest integrated energy groups in
Brazil, responsible for supplying
electricity to more than 5 million customers in the state of
Paraná.
Copel has been investing heavily in a program to reinforce the
State's electrical infrastructure and improve the reliability of
its asset base. Medium and high-voltage substations and
distribution lines are being built and expanded to improve the
population's quality of life and offer customers a safe,
high-performance network. Guided by its strategic pillar of
discipline in capital allocation, Copel recognized the need for a
transparent and objective, end-to-end investment planning process
to create and compare investment scenarios, obtain relevant
business insights about its portfolio, and justify plans to the
board of directors.
Copel Distribuição has partnered with Copperleaf and Concert
Technologies to help the company streamline investment planning and
ensure portfolios are optimized to deliver maximum value to
regulators, shareholders, and customers.
"We are committed to making Copel Distribuição an increasingly
efficient company. Our expectation with this solution is to ensure
that future investments and asset management bring even greater
benefits," stated Maximiliano
Orfali, CEO of Copel Distribuição. Since 2019, Copel's
energy distribution subsidiary has invested R$6.7 billion (CAD $1.88
billion) in electrical infrastructure in Paraná.
"We are thankful to Copel for putting their trust in Copperleaf
and proud to welcome them to our growing community. A pioneer in
Latin America's energy sector, we
look forward to working with a company that is dedicated to
Brazil's sustainable energy
future," said Paul Sakrzewski, Copperleaf CEO. "Copperleaf and
Concert Technologies will enable Copel to clearly align their
resource allocation decisions with their strategic goals, including
financial, sustainability, and reliability targets."
"Copel's vision is to lead the electricity sector and, at the
same time, promote sustainable development and generate sustainable
value," said Karina Perez,
Copperleaf Regional Sales Director in Latin America. "We are excited to support the
company in achieving these goals through value-based decision
making."
"This project demonstrates Concert's firm commitment to offering
high-value-added solutions for the electricity sector, whether
through internal developments or strategic partnerships with
international leaders, such as Copperleaf. I am sure that we are
contributing, once again, to the evolution of the sector towards an
increasingly data-driven approach," said Felipe Sant'Anna, Innovation and New Business
Manager at Concert Technologies.
Forward-Looking
Statements
This press release may contain "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws in
Canada, including, without
limitation, statements with respect to our expectations, plans or
future opportunities. Forward-looking information is necessarily
based on a number of opinions, estimates and assumptions that we
consider appropriate and reasonable on the date such statements are
made, but which are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause actual
results, level of activity, performance or achievements will be
materially different from those expressed or implied by such
forward-looking information, including, but not limited to, the
risk factors described in our 2023 Annual Information Form ("AIF")
under "Risk Factors. Accordingly, readers should not place undue
reliance on forward-looking information.
Except as required by securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to
update this forward-looking information if the Company's
expectations regarding future events change , or actual results
differ from the expectations expressed in this press release.
About Concert
Technologies
Concert is a business group focused on Operation Technology (OT)
solutions. With more than 40 years of experience in the area,
Concert has become a reference in aerospace and energy projects in
Brazil. Its purpose is to solve
the biggest operational challenges faced by the utilities sector
and other industries, through innovation and engineering resources,
automation, Internet of Things (IoT), Artificial Intelligence (AI),
among other technologies. https://www.concert.com.br/
About Copperleaf
Copperleaf (TSX:CPLF) provides business decision analysis
software solutions for companies managing critical infrastructures.
We leverage operational and financial data to empower our clients
to make investment decisions that deliver the highest business
value. What sets us apart is our industry-leading products and our
commitment to delivering extraordinary experiences, shaped by
people who care deeply and partnerships that stand the test of
time. Copperleaf is actively involved in defining and implementing
global industry standards and sustainability principles through our
participation in the United Nations Global Compact, the Asset
Management Institute and other organizations. Headquartered in
Vancouver, Canada, our solutions
are distributed and supported by regional employees and partners
around the world. Together, we are transforming the way the world
sees value.
Source: Copperleaf Technologies Inc. CPLF-IR
SOURCE Copperleaf Technologies Inc.