LAKEVILLE, MA – November 24, 2009 – Coincident is pleased to announce that the U.S. Department of Energy has selected their grant application from more than nine-hundred and fifty applicants as part of the recent SBIR/STTR funding opportunity, authorized by the American Recovery and Reinvestment Act of 2009.

According to the Department of Energy, one-hundred and twenty-four SBIR and STTR applications were selected for initial funding, encompassing thirty-five different aspects of energy and clean technology. Grant work is expected to begin in December 2009, following a negotiation period that includes budget review and justification.

The Department of Energy press release and complete list of Phase I Awardees can be found at: http://www.energy.gov/news/8300.htm

-----

About Coincident

Coincident, Inc. is small, privately held Massachusetts Company developing a new product to help energy consumers realize the economic and lifestyle benefits promised by smart grid, renewable, and energy efficiency initiatives. Our energy management appliance is a low-cost software service and hardware device that acts as a central control point for the home and small business owner. It securely joins the consumer's home area network (HAN-enabled) devices such as thermostats, meters, and load control switches to their broadband Internet connection - allowing them to easily monitor, understand, and optimize their energy use through a web browser or mobile handset. Coincident also provides consulting services and software products for electric utilities and the technology providers. More information available is online at: http://www.coincident.com.

About the Department of Energy (DOE) SBIR/STTR Program

A 1982 study found that small businesses had 2.5 times as many innovations per employee as large businesses, while large businesses were nearly three times as likely to receive government assistance. As a result, the SBIR Program was established to provide funding to stimulate technological innovation in small businesses to meet federal agency research and development needs. After more than a decade, the STTR program was launched.

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) are U.S. Government programs in which federal agencies with large research and development (R&D) budgets set aside a small fraction of their funding for competitions among small businesses only. Small businesses that win awards in these programs keep the rights to any technology developed and are encouraged to commercialize the technology.

Each year the DOE issues a solicitation inviting small businesses to apply for SBIR/STTR Phase I grants. It contains technical topics in such research areas as energy production (Fossil, Nuclear, Renewable, and Fusion Energy), Energy Use (in buildings, vehicles, and industry), fundamental energy sciences (materials, life, environmental, and computational sciences, and nuclear and high energy physics), Environmental Management, and Nuclear Nonproliferation. Grant applications submitted by small businesses MUST respond to a specific topic and subtopic during an open solicitation. Due to additional funds received as part of the American Recovery and Reinvestment Act of 2009 (ARRA), the DOE created a second SBIR/STTR funding opportunity focusing on clean technology opportunities with short-term commercialization potential.

SBIR and STTR have three distinct phases. Phase I explores the feasibility of innovative concepts with awards up to $150,000 for about 6 months.  Only Phase I award winners may compete for Phase II, the principal R&D effort, with awards up to $1,000,000 over a two-year period. There is also a Phase III, in which non-Federal capital is used by the small business to pursue commercial applications of the R&D. Also under Phase III, Federal agencies may award non-SBIR/STTR-funded, follow-on grants or contracts for products or processes that meet the mission needs of those agencies, or for further R&D.