SOURCE: Octus, Inc.

Octus, Inc.

April 21, 2010 11:17 ET

Octus Secures Contract to Demonstrate LED Parking Garage Lighting System at Northern California Hotel-Casino

DAVIS, CA--(Marketwire - April 21, 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.

About Octus
Octus, Inc. (OTCBB: OCTI) 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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