SOURCE: Eco-Shift Power Corp.

Eco-Shift Power Corp.

July 31, 2014 07:00 ET

Eco-Shift Power Corp (OTCBB: ECOP) Announces Highbay LED Pricing That Is the Most Competitive on the Market

CAMBRIDGE, ON--(Marketwired - July 31, 2014) - Eco-Shift Power Corp (OTCBB: ECOP)

Eco-Shift Power (ECOP), one of Canada's leading energy management and LED lighting firms, announces pricing for their new Highbay LED that will be lower than any other major brand available in North America. ECOP's new Highbay LED will be the first LED technology with a price-point low enough to compete directly with the legacy electronic ballast and induction technologies. With the competitive pricing of ECOP's Highbay LED, the payback is very fast given the higher efficiency and near-zero maintenance costs. The new Highbay LED is also compatible with ECOPs Wireless Light Management System, which generates additional saving with scheduling functions and automation that adjusts light levels automatically based on motion detection, daylight levels and market pricing.

Highbay LED technologies are new to the market and have been struggling to gain market share due to the high cost, which can be upwards of $1000 per fixture. The target MSRP for ECOPs Highbay LED is $395 CDN per fixture. This represents a significant drop in price point and ECOP expects to gain rapid market share as the market transitions to LED. ECOP has made significant investments in product development as part of its strategy to become the lowest cost provider of Highbay LEDs with wireless functionality.

"We are ecstatic about the Highbay LED which is hitting the market with the lowest price point and the most features of any Highbay LED that we have seen" said Eco-Shift Power CEO Gib Wood. "Based on my 12 years of experience in the lighting industry, I am confident that we will gain significant market share based on our ability to beat the price point barrier currently set by the legacy highbay technologies" says Wood. "Our new Highbay LED will be a game changer for the industry and will help to generate millions in savings for clients while providing enhanced lighting" further commented Wood.

ECOP has previously announced the launch of its revolutionary Highbay LED solution that comes compatible with ECOP's Wireless Light Management System which has Demand Response capabilities. It has the potential to reduce lighting-related energy consumption by up to 75%, and will be virtually maintenance free for up to 200,000 hours.

The new ECOP Highbay LED has the following competitive advantages:

  • Lower Cost - Price point will be most competitive on the market.
  • Fast Payback - Customer payback generally less than 18 months.
  • Wireless Ready - Compatible with ECOPs Wireless Light Management System for increased savings.
  • Demand Response Ready - Additional revenue generation by participating in utility Demand Response programs wirelessly via ECOP's Virtual Power Plant Platform.
  • Sensor Ready - Compatible with motion and daylight harvester sensors for increased savings.
  • Light Weight - Weighing on 13 pounds for easy installation and increased safety.
  • 100% Dimmable - Fixture can be fully dimmed with no impact on lifetime.
  • Adjustable Wattage - Driver can be swapped out easily to adjust wattage and light output.
  • Manufactured in North America - Canadian company with manufacturing in Canada and USA.
  • Rock Solid Warranty - All components guaranteed for 5 years.

ECOP Lighting Solutions and Energy Management serves a client base including Mattel, ThyssenKrupp, and Parmalat. With a foundation in new-era LED lighting and wireless web-enabled technologies, ECOP is transitioning clients' decision making from an old "fixed technology configuration" to the new age of machine-to-machine communications that accommodate for "Smart Building" compliances.

About Eco-Shift Power
Headquartered in Cambridge, Ontario, Eco-Shift Power Corp. (ECOP) develops best-in-class LED 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. Including 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

Learn more at http://eco-shiftpower.com/

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
    gwood@eco-shiftpower.com
    855-779-7900

    Eco-Shift Power Corp.,
    1090 Fountain St N
    Cambridge ON
    N5E 1A3
    Canada