[March 18, 2014]

Exelon Partners with Economic Alliance of Greater Baltimore for Tech Startup Event

More than 21 startups presented their technology offerings to Exelon executives and IT employees at "Dancing with Startups," a two-day event hosted by Exelon and the Economic Alliance of Greater Baltimore at the University of Maryland, Baltimore County, and the Cyber Point Technology & Innovation Center last week.

The event is part of Exelon's continuing effort to reach out to technology innovators in search of new ideas that have the potential to transform the energy industry. From cybersecurity software to smartphone technology, participating companies pitched their ideas and products during rapid-fire, 20-minute sessions. Exelon employees peppered the groups with questions, seeking to identify new technologies that Exelon might be able to pilot.

"We are committed to supportig innovation, within Exelon, in the greater Baltimore area, and in all the communities we serve," said Sonny Garg, senior vice president and chief information and innovation officer at Exelon. "This event allowed us to connect with local startups, learn from their ideas and help them build their networks, while giving us a chance to find new technologies that can improve how we do business."

"Dancing with Startups" is part of a series of events that pairs multinational corporations with innovative startup companies in the areas of technology, media services, big data and cybersecurity, among other industries. Over time, Exelon plans to host similar events targeting different types of technology.

Exelon Corporation (NYSE: EXC) is the nation's leading competitive energy provider, with 2013 revenues of approximately $24.9 billion. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 35,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. The company's Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon's utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO (News - Alert)).

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