Octus Presents Wickool Update to HVAC and Utility Industry Leaders

April 1, 2010 - PRLog -- Octus, Inc. (OTCBB- OCTI.OB), a leading smart energy management company, presented an update of the commercial development of Wickool, its proprietary evaporative cooling product, at the March 31, 2010 Western Cooling Efficiency Center’s annual affiliate meeting. The presentation was delivered by Octus Senior Manager of Smart Energy Products, John Walter.

“The Western Cooling Efficiency Center drives innovation in the HVAC industry,” said Walter. “This annual event provided Octus an opportunity to highlight the commercial efficacy and development of Wickool to an audience of HVAC industry leaders, including utility company, big box retail, and HVAC OEM executives. Based on their immediate feedback, we have a clear roadmap for Wickool’s commercialization.”

Wickool updates included:
- Initial product sales and installations executed in Q1, 2010.
- Late-stage commercial rooftop testing conducted by the Western Cooling Efficiency Center with Target Corp.
- Additional in-lab product development and testing.
- Intellectual property protection, including the grant of a trademark for the Wickool name and the University of California’s filing of a patent application for the technology.

“Wickool addresses an important niche in cooling more efficiently,” said Mark Modera, Ph.D., director of the WCEC and a Sempra Energy Distinguished Scholar in Energy Efficiency. “It makes use of the condensate water that is normally wasted from existing roof-top packaged air conditioners to improve their cooling efficiency, and can be applied as a retrofit accessory. Moreover, the cost of installing Wickool can be significantly offset by avoiding the need for condensate piping.”

On September 1, 2009, Octus executed an exclusive worldwide license with the University of California, in all fields of use and with full rights to sublicense, for the Wickool technology.

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Octus, Inc. is a smart energy management company that reduces energy costs for commercial and institutional building by 50% or more through energy-efficient lighting, HVAC and energy management systems. Octus makes buildings smart and efficient through its proprietary Smart Energy Platform (OctusSEP) – a portfolio of smart devices, sensors, network appliances and software-enabled energy management services. The company’s energy management software, Octus SmartPortal, enables building owners and managers to command, control and monitor energy use in real time, from any device. In addition, the company develops and finances energy projects through the implementation of energy-efficient lighting, mechanical and electrical conservation measures.