SOURCE: Eco-Shift Power Corp.

Eco-Shift Power Corp.

September 23, 2014 07:00 ET

Eco-Shift Power Corp. (OTCQB: ECOP) Announces an Agreement to Retrofit Parmalat Warehouse Facilities in Mitchell, Southwestern Ontario, Canada

CAMBRIDGE, ON--(Marketwired - September 23, 2014) - Eco-Shift Power Corp (OTCQB: ECOP), one of Canada's leading energy management and lighting firms, has signed a contract with Parmalat Canada Inc. to retrofit one of their warehouse facilities in Mitchell, Ontario with ECOP's NetZero Certified LED T8 4 ft. linear tubes.

A total of 315 T12 and T5 fluorescent fixtures will be retrofitted and installed by ECOP with new Highly Efficient 24W LED Tubes capable of 50,000+ hours (L70) and equipped with motion sensing capabilities that can be controlled by ECOP's Proprietary Light Management System. The warehouse facility retrofit near Toronto, Ontario will result in an impressive financial energy savings of 68%. The annual energy savings are forecasted to be 276,192. kWh, which translates to $38,667/year in cost reductions. This is extremely impressive considering the relatively low electricity rate of 0.14 ¢/kWh in Ontario. The project has an Internal Rate of Return (IRR) of 122.36% allowing ECOP to guarantee that the project will become cash flow positive in 1.3 years.

Parmalat, a subsidiary company of the French group Lactalis, is a multinational Italian dairy and food corporation with a global presence, having operations in Europe, Latin America, North America, Australia, China and South Africa. In its entirety, Parmalat consists of nearly 140 production centres employing more than 36,000 people. The Parmalat manufacturing plant in Mitchell is pleased to be the first production center to utilize ECOP's low cost, high efficiency lights that are available with cloud based wireless management. Acting on their sustainable agenda, the Mitchell plant has jumped at the opportunity to show some of the other Parmalat facilities just how beneficial a lighting retrofit can be.

"This is an ideal application for ECOP's lighting retrofits to deliver on simplicity, price, efficiency and up to the second control", states ECOP's CFO Jim Hughes. "We are thrilled with this opportunity and hope that once the benefits and savings are realized by the Mitchell facility, more opportunities will arise from the mutually beneficial relationship. At Eco-Shift, we aim to provide bottom line savings and improved lighting for costumers as they face increasing power and maintenance costs", continues Hughes.

ECOP 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, ECOP is transitioning clients from obsolete and immobile technology to the new information age.

ECOP's Light Management Platform 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. ECOP'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 ECOP on a 24/7 basis.

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. 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. These include 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, and microprocessor / transmitter / wireless capabilities -- 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
  • reduced maintenance and management
  • enhanced security

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

Contact Information

  • Contact:
    For more information, contact
    Jim Hughes
    jughes@eco-shiftpower.com
    519 650-9506

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