SOURCE: Octus, Inc.

Octus, Inc.

April 19, 2010 11:09 ET

Octus Adds Commercial Real Estate and Product Marketing Executives to Its Management Team

DAVIS, CA--(Marketwire - April 19, 2010) - Octus, Inc. (OTCBB: OCTI), a leading smart energy efficiency company, today announced the addition of two executives to its management team, in preparation for the company's commercialization of the Octus Smart Energy Platform (OctusSEP) and the development, implementation and financing of its energy project pipeline. Joining the company are Katie Bolich as Marketing Manager, OctusSEP, and George Condon as Development Manager, Smart Energy Projects.

"The opportunity to automate, manage and finance smart energy initiatives -- to make buildings smart and efficient -- is core to our strategy," said Chris Soderquist, Octus CEO. "Katie Bolich is an accomplished technology industry executive who has created, marketed and licensed innovative technologies with world-class companies. George Condon's experience as developer and manager of more than five million square feet of commercial properties is invaluable to our marketing, development, financing and management of energy efficiency projects. Together, Katie and George bring a wealth of immediately applicable experience to Octus."

Ms. Bolich has more than 15 years of business development and product marketing experience. She was Vice President of Licensing with WagerWorks, a pioneer in online gaming, where she developed and executed the company's licensing and intellectual property strategy, including establishing strategic partnerships with companies such as Sony and Hasbro. Previously, Ms. Bolich was the Director of Marketing for Silicon Gaming, a highly innovative slot manufacturer, whose games and system hardware helped reshape the slot machine industry. WagerWorks and Silicon Gaming were acquired by International Game Technology. Ms. Bolich earned a BA degree from Stanford University.

Mr. Condon has 22 years of commercial real estate experience. Prior to joining Octus, he developed more than 3.1 million square feet of industrial and office real estate for Panattoni Development Company, one of the largest commercial real estate development firms in the U.S. Prior to joining Panattoni, Mr. Condon managed more than 2.4 million square feet of office, industrial and R&D properties for clients such as Prudential, Equitable, Kaiser Permanente, and Wells Fargo. He earned a BS from Santa Clara University and an MBA from the University of California, Davis

About Octus
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 energy projects through the implementation and financing of energy-efficient lighting, mechanical and energy management measures. Octus was founded in 1983 and is headquartered in Davis, California.

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