SOURCE: Eco-Shift Power Corp.

Eco-Shift Power Corp.

March 05, 2015 07:00 ET

Eco-Shift Power Corp. (OTCBB: ECOP) and Sun Industries Announce Extension of Contract With Fortune 500 Big Box Retailer for Upgrading to LED Lighting

CAMBRIDGE, ON--(Marketwired - March 05, 2015) - Eco-Shift Power (OTCBB: ECOP), one of Canada's leading energy management and lighting firms, together with their wholly-owned subsidiary, Sun and Sun Industries Inc. ("Sun Industries") announce the extension of a contract with a Fortune 500 National Retailer undergoing a sustainable shift to highly efficient LED technologies.

Sun Industries announced in November the award of a three year contract to conduct a national roll-out of audits and lighting retrofits for the National Retailer. This open contract, recently extended until January 31, 2020, means Sun Industries will be retrofitting roughly 110 stores each year for the next 5 years. This extension will increase the contract value to over Five million dollars [$5,000,000.00]. The value is made up of $500K this year followed by $1.5M each year for the following three years, leaving room for potential project extensions or further retrofits.

With an exemplary goal of reducing energy consumptions and becoming more environmentally friendly, this retailer has made a decision to upgrade all of its locations to new LED lighting technologies. The new lighting systems will provide quality lighting, improved efficiency, and a clean in-store appearance. Having conducted retrofits and lighting upgrades for this client in the past, Sun Industries has provided them with a host of environmental benefits including;

  • Mercury Reduction from the removal of fluorescent lamps
  • Decrease of CO2 emissions generated from electrical utilities
  • Reduced contribution to landfill waste

"These are exactly the type of groups we want to be getting involved with as our values and environmental consciousness align perfectly," states Alistair Haughton, ECOP's CEO. "When groups have a focus on the triple bottom line -- people, planet, profit -- and actively try to reduce their footprint, our job becomes much easier as we not only have to focus on the monetary savings but can thoroughly discuss the environmental benefits as well," continues Haughton.

About Sun Industries
Headquartered in Santa Ana, California, Sun Industries is a diversified design-build lighting retrofit and energy management company. Sun is a specialist in complex large-scale (+$250k) single site, multiple site and national roll-out lighting retrofit projects servicing the MUSH (municipal, university, schools, hospitals) marketplace and large scale commercial/industrial clients.

Over the past 23 years, Sun has grown to become one of the most respected and successful energy efficiency lighting retrofit companies in the US. Sun's clients include Johnson Controls, Siemens Building Technologies, McKinstry, Noresco, Ameresco, Sempra, SCE (Southern California Edison), AAFES (Army and Air Force Exchange Service), JCPenney, US BankCorp, Colorado Dept. of Transportation and the FAA (Federal Aviation Administration) among many others. With a resume of over seven hundred (700) projects across all public sector and most commercial markets, over $175 Million in cumulative project revenues and over $500 Million in facilities savings, Sun presents the most extensive and diversified design build lighting retrofit project experience in the market place.

About Eco-Shift Power
Headquartered in Cambridge, Ontario, with offices in key US markets (California, Texas, Florida), Eco-Shift Power Corp. (ECOP) is a high efficiency lighting retrofit specialist and manufacturer of LED lighting products, wireless energy management systems, and cloud based software platforms.

Core ECOP competencies include LED high bay lighting, wireless energy management systems that are plug-and-play and compatible with multiple technologies (HVAC, plug load, etc.), and software platforms that allow for automated demand management and demand response.

ECOP's business model includes three primary segments, which include:

  • EPC (engineering/design, procurement, construction) of diversified and large scale lighting retrofit projects;
  • OEM (original equipment manufacturer) of LED lighting and wireless energy management systems; and
  • Energy Management and Demand Response, provided via long-term contracts and a Software-as-a-Service.

ECOP plans to continue growing the lighting retrofit business North America wide in key markets, while at the same time pushing for rapid national and international expansion of market share for its OEM product line. ECOP will then use its market share and extensive client roster for the sale of Energy Management and Demand Response services. 

ECOP plans to use strategic partnerships to accelerate its business model and growth objectives.

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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

  • Contact:
    Investors Relations

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