Sassor raises capital from Ubiquitous and others /Cnet Japan

Sassor announced to conduct allocation of new shares to Ubiquitous, DG Incubation, and Netprice.com. The company plans to develop products and market aiming at mass production of its Energy Literacy Platform collaborating with the three investors.

Energy Literacy Platform is a tool to manage electricity consumption at home. The tool consists of ELP module connected between outlet and electric devices, a receiver sending data measured with the module to Internet, a web site to check consumption of electricity, and a smartphone application.

Sassor started subscription sale of ELP Lite, light version of Energy Literacy Platform. in May and plans to provide within July.

Cnet Japan 7/15/2011

memo

• Sassor is one of the first teams from an incubation program, Open Network Lab in 2010.