SOURCE: Eco-Shift Power Corp.

Eco-Shift Power Corp.

August 20, 2014 09:17 ET

Eco-Shift Power Corp Announces Push Into the Texas Auto Market With an Agreement to Retrofit Six Auto Malls

CAMBRIDGE, ON--(Marketwired - August 20, 2014) - Eco-Shift Power (OTCQB: ECOP), one of Canada's leading energy management and lighting firms, announced today a Letter of Intent with the Payne Auto Group to retrofit 6 auto dealerships under the ECOP Energy Efficiency Lighting Retrofit Program. The Program is exclusively tailored to auto dealers and is now available for dealerships across North America. 

The Payne Auto Group has signed a contract to retrofit two initial locations with a financial energy savings guarantee provided by Eco-Shift Power. The remaining four locations will be retrofitted as financial performance is demonstrated. The project is the first of many anticipated as ECOP makes a strategic push into the US auto market.

The high-efficiency LED retrofit project is valued at approximately $300,000 and will generate more than $1,000,000 in savings over 10 years. The Payne Auto Group is one of the largest dealership consortiums in South Texas with affiliate dealerships throughout the southern US and Mexico. The initial contract is for a high-efficiency LED lighting retrofit for two dealerships in Weslaco and Brownsville, Texas. Project benefits include improved lighting to enhance sales and an impressive 24 month payback. 

The Payne Auto Group started in 1949 and is well respected in Texas, which is the second largest auto-market in the USA with over 1,200 dealerships. 

"We have been very impressed with Eco-Shift's expertise and low-cost approach to LED lighting," said Bud Payne, owner of the Payne Auto Group. "We are looking forward to the enhanced lighting for our customers and the significant savings for our business." "We are also very excited about the opportunity to add-on ECOP's Wireless Light Management System in the future to generate increased savings," remarked Payne.

"We are thrilled to be working with the Payne Auto Group, which has a strong reputation for delivering the best customer care in the industry," says Eco-Shift Power's CEO Gib Wood. "Eco-Shift also aims to deliver superior customer care with expert advice and some of the most competitively priced LED lighting technologies available on the market," asserts Wood. "Under our retrofit program clients receive an energy audit and advice from industry leading experts on how best to utilize the latest LED technologies to generate savings for their business," says Wood. 

Enhanced Customer Experience with Optimized Lighting: ECOP optimizes lighting systems to meet client needs, ensuring that the Colour Rendering Index and Foot Candles provide optimal lighting. ECOP also offers a proprietary Wireless Light Management System that allows facility managers to fully automate and schedule their lighting system. The system is completely wireless and allows for individual light fixture control from a facility manager's PC or smart phone. 

Increased Profitability with Bottom Line Savings: High efficiency LED lighting retrofits often reduce energy consumption by greater than 50%, resulting in payback periods of less than 2 years. New LED technologies often last for more than 100,000 hours, with minimal light level depreciation. The long life cycle greatly reduces the need for costly annual maintenance.

Increased Safety and Security with Better Lighting: New high efficiency LED lighting allows for increased light levels at a greatly reduced cost. Increased lighting in dimly lighted areas has proven to increase safety for workers and provide better security in parking lots. Motion sensor technology can be used to automate lighting systems to increase security and savings further.

Manufacturer's Warranty of 5 years or greater depending on product selection.

A Turn-Key Solution from Lighting Industry Experts: Eco-Shift Power manages every aspect of a lighting retrofit project from Lighting Audit to Product Sourcing (complete with Net Zero Certification) to Installation to Ongoing Maintenance Service & Care to Full Back-Office Support.

Eco-Shift Power provides clients with high-tech lighting products, smart wireless energy management technologies, and various solutions to reduce operating costs associated with maintenance and energy consumption. With a foundation in the new-era of LED lighting and Wireless & Web-enabled technologies, Eco-Shift Power is transitioning clients from obsolete and immobile technology to the new information age.

Eco-Shift Power's Virtual Power Plant Platform (VPPP) provides clients with the ability to transform their facilities into smart, energy efficient and cash flow positive buildings. This is accomplished by state of the art IP-addressable light fixtures with wireless communication. Eco-Shift Power's software platform communicates with selected individual lights and reduces energy when there is a peak usage via the embedded algorithms managing the facility. This service is managed by Eco-Shift Power on a 24/7 basis.

Eco-Shift Power's Lighting Solutions and Energy Management services are enjoyed by a broad client base that includes Mattel Inc., Thyssen Krupp, and Parmalat.

About Eco-Shift Power

Headquartered in Cambridge, Ontario, Eco-Shift Power Corp. (ECOP) develops best-in-class commercial/industrial lighting products and wireless energy management technologies. ECOP also provides complete solution assessment and implementation. As an emerging Smart Building and energy management facilitator, ECOP procures, assembles, sells and distributes high-efficiency lighting products along with other integrated energy management solutions. Included are online monitoring and verification reporting tools, direct load controls, activity monetization instruments, and demand response. All are delivered via Software-as-a-Service (SaaS).

Core ECOP competencies include LED expertise, microprocessor/transmitter/wireless capability -- with IP addressability. This creates an intelligent Lighting System and Sustainability Management service platform that includes five areas for client revenue generation or costs savings:

  • reducing electrical load during peak pricing
  • management of demand response programs
  • scheduling of lighting zones and system optimization
  • enhanced security
  • maintenance and management

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This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered shares or any other securities, nor shall there be any sale of such shares or any other securities in any province or state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Contact Information

  • For more information, contact:

    Gib Wood
    Eco-Shift Power Corp.
    1090 Fountain St N
    Cambridge ON
    N5E 1A3