CANDIAC, QC--(Marketwired - Apr 29, 2014) - Novacab International Inc. (OTC Pink: NVOB) (PINKSHEETS: NVOB)
Novacab is pleased to announce that it is negotiating with two hotel chains for the purpose of installing its technology for energy savings-systems (TES-S). These hotel chains have over 10,000 hotels throughout the world under various banners.
"The hotels will have a substantial energy savings. The prime example is the 3 Novacab (TES-S) systems that were installed at the IBM plant," says Michael L. Carty, Senior Vice-President.
The IBM plant in Bromont, Quebec, saves $500,000 in electrical cost per year with Novacab's TES-S technology. The tests were validated by Hydro-Quebec.
Novacab will analyse the requirements for the various sizes of the hotels and manufacture suitable state-of-the art units. The estimated cost per unit is $100,000.00 USD.
This project would generate substantial revenues, for the first 100 hotels in excess of $ 10,000,000.00 USD over the next 5 years. Since the technology is not exclusive to any business model, its use in hotels will attract additional hotel chains desirous of lowering their operational costs.
More updates shall be forthcoming.
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.