Apr 24 2010
Octus, Inc. (OTCBB: OCTI), a leading smart energy efficiency company, today announced it has secured a contract to test and demonstrate energy-efficient LED parking garage fixtures for one of the largest hotel-casinos in Northern California.
"This is a sound opportunity for Octus to demonstrate how a major hotel-casino can reduce its energy use, expenses and carbon impact through a solid-state LED lighting system," explained Octus CEO Chris Soderquist. "In addition to the economic and environmental benefits for the hotel-casino, we anticipate the safety, security, visibility and visual comfort of the parking facility will greatly improve."
Octus is demonstrating two solid-state LED parking garage lighting products and concurrently performing an energy and technology analysis to:
- Provide a baseline technical and economic analysis of the hotel-casino's parking facilities to include energy use, operational cost and carbon footprint;
- Provide energy conservation and operational cost control alternatives, and a description of operating and maintenance procedures that will reduce energy consumption and operational costs;
- Project the amount of energy and operational costs that will be saved annually by the equipment, procedures and services recommended;
- Provide a 10-year financial model that shows anticipated facility costs and savings; and,
- Generate a report summarizing the audit, analysis, technology demonstration, and economic and environmental attributes.
The demonstration and analysis are scheduled to be completed by June 5, 2010.