Streetlight Intelligence Inc.
TSX VENTURE : SLQ

Streetlight Intelligence Inc.

November 17, 2005 08:00 ET

Streetlight Intelligence Teams With Honeywell to Improve Energy Efficiency

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2005) -

New remote street lamp technology will offer significant energy and operational savings

Streetlight Intelligence Inc. (TSX VENTURE:SLQ) (STI) today signed a memorandum of understanding with Honeywell to provide a collaborative solution that will reduce energy consumption and costs for municipal, provincial and federal organizations.

Under the agreement, STI's Lumen IQ™ street light control system will be offered through the Energy Retrofit Program from Honeywell Building Solutions, which helps customers pay for facility and infrastructure improvements through guaranteed energy savings.

The innovative Lumen IQ technology allows cities, provinces and utilities to remotely program street lights so they dim or turn off depending on pedestrian and traffic levels. The ability to remotely control street lights - which can account for more than a quarter of the average municipal electric bill - reduces the amount of energy they consume by up to 40 percent. In addition to energy savings, the Lumen IQ control system provides significant operational savings and environmental benefits, including substantial reductions in greenhouse gas emissions.

In April of 2005, STI's technology was the focus of a study conducted by an internationally recognized roadway engineering firm based in Vancouver, British Columbia, for the provincial power utility. The study quantified the energy savings potential of the Lumen IQ system through industry standard measuring equipment.

The laboratory study found that the Lumen IQ system cuts the power street lights consume by approximately 40 percent. The field study, where a conservative dimming schedule was used produced savings of 25 percent by dimming of the street lights alone and did not include any maintenance efficiencies from the STI technology. These results underline the potential energy savings for the estimated 63 million street lights in North America.

This technology is a complement to the Honeywell Energy Retrofit Program, which focuses on replacing older, inefficient systems with energy-efficient equipment, reducing electricity, natural gas and water consumption in the process. The energy and operational savings fund the program, and Honeywell guarantees the savings on an annual basis over the term of the contract. Since it helped pioneer performance contracting in the early 1980s, Honeywell has delivered more than $3 billion in energy and operational cost savings to educational, municipal and federal facilities.

"Expanding our portfolio to include the STI technology provides customers with additional ways to reduce their energy consumption and costs," said Luis Rodrigues, vice president of energy solutions for Honeywell Building Solutions. "With rising energy costs and on-going budget constraints, our guaranteed, self-funded solution makes sense."

"We're proud to team with Honeywell, a world leader in energy-efficiency programs and to provide our proven technology to this exciting program; immediate energy and maintenance savings - guaranteed," said Don Cleland, president and CEO of STI. "It's a natural fit for both companies, resulting in far more energy-efficient communities with no out-of-pocket expenses to our customers."

Streetlight Intelligence Inc. is a public company listed on the TSX Venture Exchange (trading symbol: SLQ). STI designs, manufactures and markets products and services for the street light industry. STI's proprietary Lumen IQ™ technology allows street lights to be remotely turned on/off or dimmed at specified times, which results in significant energy savings and reductions in greenhouse gas emissions and light pollution. The Lumen IQ™ network also immediately identifies malfunctioning street lights allowing substantial maintenance cost savings. For more information, access www.StreetlightIQ.com.

This News Release may contain forward-looking statements based on the estimates and opinions of management at the date the statements were made and STI undertakes no obligation to update forward-looking statements if conditions or opinions should change.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Streetlight Intelligence Inc.
    Martin Winstanley
    Vice President
    (250) 544-0147 ext. 24
    Email: mwinstanley@streetlightIQ.com
    or
    Streetlight Intelligence Inc.
    19 - 6782 Veyaness Road
    Victoria, B.C. V8M 2C2