SOURCE: Global Innovative Systems Inc.

May 17, 2005 09:00 ET

Global Innovative's Eco-Pro™ Energy Saver for Streetlight Illumination Completes Successful Testing in Singapore

HONG KONG -- (MARKET WIRE) -- May 17, 2005 -- Global Innovative Systems Inc. (OTC BB: GBSY) announced today that its proprietary branded Eco-Pro™ Energy Saver for Streetlight Illumination has completed a successful testing program in Singapore.

The pilot test program consisted of a month-long field trial conducted in Singapore by SMM Pte. Ltd. ("SMM"). The purpose of the test was to verify the performance of an Eco-Pro™ Energy Saver for Streetlight Illumination unit installed by Global Innovative's wholly owned subsidiary Tech Team Development Limited ("TTDL").

Testing was conducted on a 2-way single-lane road approximately 400 meters in length with 12 streetlamp posts spaced approximately 25 meters apart. Performance was verified in terms of variance of Power Consumption (W) and Road Lighting Level (lux) from established baseline levels.

Key results of the month-long test include:

* a consistent 27.5% reduction in overall Power Consumption (W)

* average illumination of 20 lux (well above the minimum specified average of 12 lux)

* potential prolongation of lifespan of lamps due to reduction in the current drawn and heat produced

"The Eco-Pro™ Energy Saver for Streetlight Illumination reduces energy consumption in streetlamps by optimizing the consumption when road usage is relatively low," said Raymond Ho, Engineering Manager of TTDL. "This is achieved by adjusting the outgoing power to the streetlamps at programmed times, while maintaining required minimum luminosity levels."

"We are very pleased with the results of this pilot test in Singapore," said Bondy Tan, President and CEO of Global Innovative. "Based on the successful results, we have entered into discussions with the Government of Singapore for the potential installation of Eco-Pro™ Energy Saver for Streetlight Illumination units to streets within Singapore."

In November 2004, TTDL signed a 1-year non-exclusive Collaboration Agreement with SMM to undertake joint efforts to penetrate the energy management markets of Singapore and nine other Southeast Asian nations.

SMM Pte. Ltd. is a wholly owned subsidiary and the local business unit of JTC Corporation. SMM is engaged in facilities management, site management, building inspection and assessment, and energy management services. JTC Corporation, wholly owned by the Government of Singapore, is the largest industrial landlord and developer in Singapore. The company's main activities include the provision of engineering, design & build, construction and facilities management services.

About Global Innovative

Global Innovative Systems Inc. (OTC BB: GBSY) delivers total energy management solutions. Since 1999, over 100 commercial, industrial, government and multi-residential clients have benefited from Global Innovative's solutions. From energy audits, to customized design, supply of leading-edge products and technical consultancy, Global Innovative delivers solutions which optimize energy consumption, lower costs and enhance competitiveness for clients. Global Innovative operates through wholly owned subsidiary Tech Team Holdings Limited. Our headquarters are in Hong Kong, and we have offices in Singapore, China, Macau, Canada and the United States.

Safe Harbor Provision

The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Global Innovative's expectations, and Global Innovative expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to, Global Innovative's and TTDL's ability to secure a sales agreement with the Government of Singapore; Global Innovative's and TTDL's ability to secure sufficient working capital in order to manufacture and deliver energy saving equipment; and other factors which may cause the actual results, performance or achievements of the Global Innovative to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Information concerning potential factors that could affect Global Innovative is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

Contact Information

  • For more information, please contact:
    Global Innovative Systems Inc.
    Investor Relations
    1-888-852-8838
    Website www.gistt.com
    Email: info@gistt.com