PRLog (Press Release) -
Jul 27, 2010 -
Quantum Energy Solutions, the energy project development division of Octus, Inc. (OTCBB: OCTI.OB), today announced it has been awarded a contract for an energy-efficient lighting retrofit project for the Hampton Inn & Suites property in Lodi, California.
The energy efficiency project involves retrofit of the hospitality property’s interior and exterior lighting fixtures, including replacement of 100-watt metal halide parking lot fixtures with 40-watt induction fixtures. The project will be subsidized in part through Lodi Electric Utility’s $586,200 in American Recovery and Reinvestment Act of 2009 (ARRA) funds for energy efficiency programs granted to the municipal-owned utility.
“This project is a true win-win-win,”
said Quantum President Jim Collins. “Octus profits and stimulates the regional economy, the Hampton Inn & Suites significantly reduces its energy costs, and Lodi Electric benefits by helping one of its customers slash their electricity use. The Stimulus is working, and Hampton Inn & Suites and Lodi Electric should be commended for their smart decision to deploy innovative energy efficiency solutions.”
“The energy savings associated with this project are significant,”
said Rob Lechner, manager of customer service and economic development coordinator with Lodi Electric Utility. “We salute Hampton Inn & Suites, along with Geweke Properties, for pursuing this excellent energy conservation project. They will reap the benefits of the project for years and years to come.”
Octus, Inc. (OTCBB: OCTI.OB) is a smart energy efficiency company headquartered in Davis, California that significantly reduces the energy costs of commercial and institutional buildings through energy-efficient lighting, HVAC and energy management systems. Octus monetizes the energy savings it creates through three business units: Smart Energy Technologies, Energy Project Development and the Octus Smart Energy Platform. Octus’s energy project development division, Quantum Energy Solutions, has completed more than 1,500 smart energy projects for 300-plus clients including ARCO, Bank of America, Blockbuster, Chevron, Delta Airlines, Frito Lay, Hewlett-Packard, Home Depot, Ikea, Nabisco, Pepsi, Petco, Safeway, Sears, Siemens, and University of California.
