In Ovations Holdings, Inc. Announces Proprietary Technology Solution for USD $85 Billion Global Lighting Market as Forecasted...
January 13 2014 - 7:43AM
Marketwired
In Ovations Holdings, Inc. Announces Proprietary Technology
Solution for USD $85 Billion Global Lighting Market as Forecasted
by McKinsey & Company
DORAL, FL--(Marketwired - Jan 13, 2014) - In Ovations
Holdings, Inc. (OTC Pink: INOH) today announced further details
regarding the recent launch of its new Energy Services Company
(ESCO), Electro Verde, Inc. The ESCO is a wholly owned
subsidiary of In Ovations Holdings, Inc. selling proprietary
products and services into the global industrial lighting market
that reduce both electricity consumption and carbon emissions.
In Ovations, Inc. previously announced a partnership with
Coordinated Systems International (CSI). The CSI partnership
is central to In Ovation's objective to achieve substantial sales
within the next year.
CSI owns a patent on a proprietary technology to reduce electric
power consumption. CSI in partnership with a Fortune 500
company offers the GradiLux Total Lighting System Solution. In
Ovations Holdings, Inc. has entered into an exclusive reseller
agreement with CSI to sell the GradiLux Total Lighting System
Solution in South America. In Ovations Holdings, Inc. can also
resell the GradiLux Total Lighting System Solution globally on a
non-exclusive basis.
Targeting sales on global cities with in excess of 100,000
outdoor streetlights, the typical GradiLux Total Lighting Solution
sale is anticipated to exceed $100 million. The GradiLux Total
Lighting Solution is designed to achieve a three-year return on
investment or better for the implementing city.
McKinsey and Company anticipate the global lighting market to
reach USD $85 billion by 2016 in a research report on the global
lighting market published in 2011 and subsequently updated in 2012:
http://bit.ly/McKinsey_Global_Lighting_Report
CSI has already implemented two pilots now in place for over one
year with results that include a 40% reduction in electric power
consumption and a corresponding 40% reduction in carbon
emissions. The documented pilot results are anticipated to lay
the groundwork for substantial sales beginning in 2014.
To learn more about the GradiLux Total Lighting System Solution
and the partnership with In Ovations Holdings, Inc. see the
original press release announcing the onset of the partnership:
http://bit.ly/CSI_GradiLux_INOH_Partnership
"Safe Harbor Statement" Under The Private Securities Litigation
Reform Act of 1995: The statements in this presentation that relate
to the Company's expectations with regard to the future impact on
the Company's results from new products in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not occur.
Additional risks and uncertainties are set forth in the Company's
Annual Report for the year ended March 31, 2011, the Company's
Quarterly Report for the third quarter ended September 30, 2013.
The Company undertakes no obligation to publicly release the result
of any revisions to these forward-looking statements that may be
made to reflect events or circumstances after the date hereof, or
to reflect the occurrence of unanticipated events or changes in the
Company's plans or expectations.
Contact: Public / Investor Relations: William A. Young Sr. Ph:
623-238-5245 E-mail: wayoung55@aol.com
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