The Premier Rides Smart Energy System uses high-tech military grade hardware designed to dramatically reduce high-end power requirements in order to lower peak demands to the regional power grid.  The self-contained equipment has proved to be a particularly effective component of energy conservation during the summer season when electrical utility demands are at their highest.

Premier, best known for its high-tech magnetic launch roller coasters, is also a global supplier of traditional roller coasters, observation wheels, towers, water rides and custom designed attractions.  The company has enjoyed a long association with Lake Compounce's parent company Palace Entertainment, having supplied rides for their other signature theme parks, Kennywood Park and Idlewild Park.

Seay added, "We really enjoy working with the talented Lake Compounce team. They are passionate about the business.  On a personal level, I grew up in Connecticut so Lake Compounce holds a special place for me, and it means a lot to provide a world-class attraction to such a historic park. "

Commenting on the park's new thrill ride, Lake Compounce General Manager, Jerry Brick said, "Adding Phobia to Lake Compounce will launch us to a new level in the amusement park arena by adding another ride that will be enjoyed by our thrill-seeking guests. Over the past 10 years we have focused on attractions that appeal to the younger end of our family audience and we felt it was time to introduce a new high thrill factor. Phobia will be the largest financial investment we have made to the park in our history and we couldn't be more excited."