Mid_Year Forecast will be the last official one for Founding Economist Jack Kyser

LAEDC Economic Guru Jack Kyser’s Final Official Forecast Presentation Wed., July 21, 2010

LAEDC to update the economic outlook for the housing industry, five-County SoCal region, California, and the nation. 2^nd panel will discuss $50 billion in investment projects to upgrade region’s infrastructure

Jack Kyser, LAEDC will deliver his last official forecast July 21st.

What: 2010-2011 LAEDC Mid-Year Forecast ReportEmbargoed Until 12:01 A.M.Wednesday, July 21, 2010

Who: PANEL I: Investments in 21^st Century Infrastructure

Geraldine Knatz, Ph.D. Executive Director • Port of Los Angeles

Arthur Leahy, Chief Executive Officer • L.A. County MTA

Gina Marie Lindsey, Executive Director • L.A. World Airports

Richard Steinke, Executive Director, Port of Long Beach

PANEL II: Economic Outlook

Richard K. Green, Ph. D., Prof., Dir. Chair USC Lusk Center for Real Estate

Jack Kyser, Founding Economist, The Kyser Center for Economic Research

Nancy D. Sidhu, Ph. D., Chief Economist The Kyser Center for Economic Research

When: WEDNESDAY MORNING, JULY 21st

7:00 – 8:00 a.m.:       Continental Breakfast & Networking

8:00 – 10:30 a.m.: Opening Remarks, Presentations and Q&A Session

Where: Los Angeles Marriott Downtown, Grand Ballroom, 333 S. Figueroa Street, L.A., 90071

Background

More than 400 of the region’s top business, government, education, and civic leaders are expected to attend the LAEDC’s Mid-Year update on Wednesday, July 21, 2010. New this year – experts will discuss the $50 billion that have been committed to upgrade our region’s infrastructure. The LAEDC Economic Forecast and Industry Outlook is Southern California’s premier source for in-depth economic information and analysis on Los Angeles County and the surrounding areas.  The LAEDC’s economic research reports are broadly used by the media, government, and private industry organizations, and have been ranked #1 by the Wall Street Journal.

[Editors Note: For the embargoed study link and advanced media interviews, please contact:
Aida Mayo or George McQuade 818-340-5300Publicity@mayocommunications.com]

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IHub Innovation in San Diego grabs Gov. Schwarzenegger's attention big time

San Diego Designated iHub Innovation Center by Gov. Schwarzenegger’s Office of Economic Dev.

Governor Schwarzenegger’s Office  of Economic Development  Designates San Diego as the Latest  Innovation Hub San Diego iHub  Now Joins California’s Innovation  Corridor to Advance State’s  Economic Innovation and Global Competitiveness

SAN DIEGO – To continue to center innovation at the forefront of the state’s economic recovery and position the state for long term economic prosperity, Governor’s Office of Economic Development (GoED) Director Joel Ayala today announced the designation of San Diego as the latest state-certified Innovation Hub (iHub). The iHub Initiative, which already boasts six regional hubs, seeks to advance the state’s national and global economic competitiveness by stimulating regional partnerships, economic development and job creation around research clusters.

“As a leader in developing new technologies, California will reap tremendous economic rewards through this critical Innovation Hub Initiative,” said Governor Schwarzenegger. “Regional iHubs promote business creation and research and investment in the public and private sector, and this, in turn, promotes California’s world renowned high-tech economy and ensures the state continues to lead in future industries.”

iHub Innovation Initiative was launched in March 2010

Launched in March 2010, Governor Schwarzenegger’s iHub Initiative provides a platform for research clusters, startup companies, government entities, business groups and venture capitalists by leveraging assets such as research parks, technology incubators, universities, and federal laboratories to foster innovation and job creation statewide. For decades, San Diego’s research corridor has served as a springboard for technological and entrepreneurial business development that helps generate and transform innovative ideas into viable products and companies. The experience San Diego will bring to the table as a flourishing iHub is expected to be a tremendous asset to the statewide network.
The San Diego iHub — focused on the convergence of three clusters: mobile health, biofuels, and solar energy and energy storage — will join the six existing iHubs including i-GATE in Livermore, OCTANe in Orange County, the Greater Mission Bay Area iHub in San Francisco, Sacramento iHub, the North Bay iHub in Rohnert Park, and the Coachella Valley iHub in the Western Coachella Valley and Greater Palm Springs.
“For years, the San Diego innovation economy has proven to be very effective in leveraging the region’s geographic, research and workforce strengths to support business creation and innovation,” stated GoED Director Ayala. “San Diego’s participation in this forward-thinking initiative strengthens the state’s innovation network and positions the region for further growth in the national and global arenas.”

To learn more about the iHub initiative or the designees visit:www.business.ca.gov.

The Governor’s Office of Economic Development (GoED) was launched by Governor Arnold Schwarzenegger to help stimulate and facilitate economic growth across the state. GoEd serves as a one-stop shop for business needs and can offer assistance, resources, and other tools to assist with the creation, expansion and retention of businesses. GoED’s mission is to make it easier to do business in the state.

Media contact:

Luis Farias

(916) 826-6069
Luis.Farias@GOV.CA.GOV

Luis Farias(916) 826-6069

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Green technology -smart grids - illustrated on CNN Headlines News July 5th

CNN Headline News Local Edition to broadcast Smart Grid Technology interview with PERI Software Solutions 

***

“Research shows that 60 percent of the electricity generated in this country is lost to inefficiencies, and the fact that smart grid technology is green, it makes customers feel good about saving energy,” Sarav Periasamy, PERI Software told CNN Headline News Local Charter Edition this week

            Los Angeles, CA – There is a lot riding on successful smart grid technology, which is why PERI Software Solutions Inc. is doing its part to educate the public and media on its deployment.  PERI Software Solutions Inc., a global business solutions company will be featured in a CNN Headline News local edition interview July 5^th and July 11^th, in Los Angeles and Southern California (check local TV Guide listings.)

            Last October, the Dept. of Energy allocated $11 billion for smart grid creation, and utilities are investing millions of their own funds to electric grid improvements in their service areas. While smart grid development is being tested nationwide, PERI has been offering smart grid technology after testing and measuring successful cost saving results over the last two years. 

            “We are the Asian business-owned smart grid technology leader in this space providing end-to-end smart grid business solutions,” President and CEO Sarav Periasamy, PERI Software told TV Host Tracy Young, CNN Headline News local edition. The interview airs on Charter Communications, Inc. SoCal cable stations, servicing millions of viewers from Ventura County, Los Angeles County, San Bernadino County, Riverside County and Big Bear to Victorville, CA.

            “Smart grid technology is mainly used by utilities, and thanks to the Obama Administration it will be more affordable to customers and consumers,” he said. “Research shows that 60 percent of the electricity generated in this country is lost to inefficiencies, and the fact that smart grid technology is green and does not cost more, customers will feel good about saving energy and the planet.” 


PERI Chief Technology Office Satish Cherry was a recent speaker in San Diego on privacy concerns of smart grid technology:
For the full story visit: http://tinyurl.com/25vwbbo

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LAEDC's Founding Economist Jack Kyser stepping aside

Jack Kyser, LAEDC

LAEDC will continue to provide the region’s most up-to-date and timely economic information, analysis and forecasting under the ongoing leadership of Chief Economist, Dr. Nancy Sidhu

Los Angeles — Jack Kyser, the Los Angeles County Economic Development Corporation’s (LAEDC) Founding Economist, today announced his retirement effective June 30th after nearly 30 years as the chief interpreter of the L.A. County economy. Kyser will retire from full time work, but will remain as a consultant to the organization.
The LAEDC’s economic research department, the Kyser Center for Economic Research, will continue under the leadership of Chief Economist, Dr. Nancy Sidhu, to provide critical economic analysis and insight on topics related to the L.A. County economy, as well as produce unbiased analytical research about the industry sectors leading the Southern California five-County economy.
“It was the right time to retire as the department has never been stronger in terms of its economic research capabilities than it is now,” said LAEDC Founding Economist Jack Kyser. “The department is in good hands under Nancy’s leadership. She has done an extraordinary job leading the team and will continue to provide important analyses, opinions and interpretations about the region.” For the full story, bios and images visit:
Visit: http://www.mayocommunications.com/2010-NEWS%20RELEASES/NR-336.htm

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PERI Software to Display Smart Grid Technology and Discuss Infrastructure Security Concern at San Diego Conf.

“Research shows that 60 percent of the electricity generated in this country is lost to inefficiencies” said Sarav Periasamy, President and CEO, PERI Software Solutions, Inc.

San Diego, CA – “The emerging technology that allows the integration of Home Area Network to the Smart Grid has added security concerns that have to be addressed especially with data, multi-application integration and communication networks,” said Chief Technology Officer Satish Chetty, PERI Software Solutions, Inc., one of the nation’s fastest growing Asian-owned, global business solutions companies, based in Newark, NJ with offices in San Jose, Los Angeles and Chennai, India. Chetty plans to speak on application security for Smart Grid technology at 2010 Smart Grid Technology Conference & Expo, hosted by San Diego Gas & Electric, June 2 -3, 2010, San Diego, CA.

            The Smart Grid conference is expected to reveal ways to step up smart grid technologies. PERI will display its latest Smart Grid technology among a dozen exhibitors and sponsors. “Research shows that 60 percent of the electricity generated in this country is lost to inefficiencies, and the fact that smart grid technology is green and does not cost more, should help customers feel good about saving energy and the environment,” said Sarav Periasamy, President and CEO, PERI Software Solutions, Inc. "Smart Grid technology transforms the way utilities can deliver power to customers.”

            Smart Grid and Smart Metering introduce access control, network and application security concerns at and beyond the meter. PERI will be discussing how to prepare a security policy, understand and prevent network security issues and respond to incidents. Attendees will also hear PERI talk about the role based access control of data, devices, networks and applications, along with audits and reinforcements.

            The two-day Smart Grid technology conference, sponsored by San Diego Gas and Electric Company,  will also feature industry leaders from Austin Energy, TVA, Google, Seattle City Light, Southern California Edison, Better Place, Sempra, EPRI,and Verizon Wireless to name a few. 
            Other subjects expected to be discuss include future of smart grid cleantech industry, which is estimated to hit $11.8 billion by the end of 2015. The conference will also feature “the pros and cons of in-home wireless standards such as open source and ZigBee, to see which home area networks will allow efficient home automation. The two day event will also outline topics such as “how to manage in-home data from multiple sources such as consumer devices, electric vehicles and smart meters to streamline operations.” And attendees will get the low down on the latest open platform based utility-technology partnerships to hear who they need to connect with for future gains.

            PERI offers a solution that consists of smart electric meters that are capable of collecting fine grained household electrical usage data and transmitting it over secure communications protocols like mobile phones using general packet radio service (GPRS) 
or WIFI Mesh.

            “The data collected is integrated into a smart grid enterprise information system,” explained Periasamy. “The application supports data collection, analytics, system planning, engineering, operations, energy management, asset management, and value-added customer services. Advanced Metering Infrastructure (AMI) Smart Meter and Demand Response form the core enabling technologies for the smart grid.

            Beyond automated meter reading for billing purposes, the smart grid serves as information gateways to customers. It offers improved revenue management and proactive customer communications about energy efficiency. Through dynamic rate price programs and Home Area Network applications and devices the smart grid also enables customers to manager the user of energy in their home in near real time.

            For more about their products and services visit: www.perisoftware.com. For more about the smart grid tech conference and agenda visit:

http://www.smartgridupdate.com/smartgridtechnology/programme.shtml
            [Editors: For images and advanced media interviews with PERI, please call: Aida Mayo or George McQuade at 818-340-5300 or 818-618-9229 or emailPublicity@MayoCommunications.com.]

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