SOURCE: Octus Energy

Octus Energy

June 16, 2009 09:10 ET

Octus Energy Partners With California Lighting Technology Center in Support of the "California Smart Lighting Initiative"

DAVIS, CA--(Marketwire - June 16, 2009) - Octus Energy (OTCBB: OCTI) today announced it is joining the California Lighting Technology Center's (CLTC) California Smart Lighting Initiative. The Initiative was conceived by CLTC in association with industry partners, the University of California, California utilities, and the California Energy Commission with an aim to reduce maintenance, energy and operational costs for exterior lighting applications by 50% or more.

"The CLTC has developed energy efficient exterior lighting technologies that adjust light levels according to occupancy and need rather than set levels of light to areas that may not be in use," said Michael Siminovitch, CLTC Director. "The effectiveness of these smart bi-level fixtures has been proven in a variety of California campus environments showing the viability and value of their energy savings and performance."

The Initiative establishes a statewide directive for all public building applications, including universities, colleges, municipalities and state buildings to adopt smart exterior lighting. Applications include parking lot, parking garage, pathway and building lighting.

"The CLTC spearheads innovation in the lighting industry, and we advocate their smart lighting initiative," said Chris Soderquist, Octus CEO. "We intend to proactively bring best-of-breed exterior lighting solutions to market as part of the Octus Smart Energy Platform (OctusSEP). Our collaboration with CLTC is a major step forward for our company and the Initiative."

"This is what we do: Work with forward-thinking, innovative companies to conceive, create and commercialize next-generation lighting solutions," explained Siminovitch. "Octus Energy's comprehensive approach to energy efficiency -- including system design, project financing, automated controls and energy management -- is what the industry needs. We look forward to helping the company fuse and catalyze OctusSEP with the California Smart Lighting Initiative."

About Octus

Octus Energy (OTCBB: OCTI) is a smart energy management company headquartered in Davis, California. Octus intends to develop, market and sell energy-efficient lighting and cooling solutions that enable public sector and private organizations to significantly reduce their energy expenses. The company intends to deliver solutions through OctusSEP (Smart Energy Platform), a turnkey energy savings and demand response management program targeting a $40 billion annual market in the United States.

About the California Lighting Technology Center (CLTC)

CLTC (http://cltc.ucdavis.edu) was established through a collaborative effort of the California Energy Commission and the University of California, Davis, with support from the U.S. Department of Energy and the National Electrical Manufacturers Association. The Center engages in cooperative and independent projects with lighting manufacturers, electrical utilities, and design and engineering professionals, facilitating the commercialization of products developed at CLTC. More than 40 leading companies, including a who's-who list of lighting manufacturers, are affiliated with CLTC.

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