Zen Technologies Officially Commences Installations of its
First Zero-Cost Commercial Customer
DALLAS, TXJune 29, 2017Zen Technologies, Inc. (Zen), a
wholly-owned subsidiary of The Chron Organization, Inc. (Ticker:
CHRO) announced today that it has officially commenced
installations of its first Zero-Cost customer. The project
encompasses installing the Companys smart controls, energy
conservation technologies, retrofits, and efficiency upgrades at
the business properties of the first of seven commercial
customers.
As of today, Zen is officially embarking on installations for
this first of seven signed contracts with commercial customers
across the country. Todays deal, plus the other six scheduled over
the next 30 to 60 days, will serve as a testing ground for how the
Company ultimately decides to fund the installations of its
efficiency upgrades at various commercial customers across the
country, otherwise known as its flagship service offering, the
Zero-Cost Program. The Company
remains in negotiations with strategic third-party finance partners
to fund its Zero-Cost projects on an ongoing basis, and with the
ability to scale unhindered. The Company expects to have more
announcements on these developments over the third quarter.
These first seven Zero-Cost Program deals range in contract
value from $70,000 up to $875,000 per deal. Moreover, the Company
is actively engaged with several other committed customers, which
it hopes to onboard starting now and through the end of the year.
Over the past four months, the Company has been conducting site
surveys and energy audits at various properties representing an
approximate 50 additional future deals. It is expected that the
Companys commercial efforts will ramp up significantly over the
next two quarters. The Company recently provided a detailed
explanation of the Zero-Cost process and its long-term revenue
potential in a recent blog. You may access that blog here.
CHRO CEO, Alex Rodriguez, said, After many months of conducting
site surveys, information gathering, and data processing, we are
very grateful to be able to actually start the installation
process. This is truly a monumental event for the Company. As we
have been saying for some time now, these initial deals represent
additional follow-on opportunities for us to fill our commercial
services pipeline over the next few years.
CHRO Chairman, Byron Young, added, Each of these deals
represents, at a minimum, a five-year revenue stream for the
Company. I expect that our shareholders will begin to see the
long-term value proposition that this Company is creating in the
marketplace.
ABOUT ZEN TECHNOLOGIES, INC.
Zen Technologies, Inc. (Zen), a wholly-owned subsidiary of The
Chron Organization, Inc. (OTC: CHRO), is a 21st century home
services company whose mission is to make the Smart Home a reality
for the millions of homeowners and apartment homes across the
United States. Zen provides homeowners with the latest in security,
monitoring and automation controls enabling homeowners to have a
Smart Home at an affordable price. Zen combines that with its green
energy services, reducing both their carbon footprint and their
monthly energy expense. The Companys plan is to capture 5% of the
homeowners market while dramatically reducing the nations peak
electricity demand. To learn more, visit www.zenhomeservices.com.
ABOUT THE CHRON ORGANIZATION, INC.
The Chron Organization, Inc. (OTCPK:
CHRO), is an entrepreneurial-minded company founded and
envisioned by Mr. Byron Young and Mr. Alex Rodriguez. The Companys
purpose is to develop a portfolio of highly successful and unique
wholly owned businesses by providing incubation, advisory, and
capital services to the same. CHRONs interests include the smart
home services, Internet of Things (IOT) platforms, deregulated
energy & energy efficiency offerings. To learn more about
CHRON, visit the companys corporate website at www.chronorganization.com.
FORWARD-LOOKING STATEMENTS
This news release contains statements that involve expectations,
plans or intentions (such as those relating to future business or
financial results) and other factors discussed from time to time in
our Securities and Exchange Commission filings. These statements
are forward-looking and are subject to risks and uncertainties, so
actual results may vary materially. You can identify these
forward-looking statements by words such as may, should, expect,
anticipate, believe, estimate, intend, plan and other similar
expressions. Our actual results could differ materially from those
anticipated in these forward-looking statements as a result of
certain factors not within the control of the Company. The Company
cautions readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
The Company disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
INVESTORS & MEDIA CONTACT:
Email: investors@chronorganization.com
Phone: (469) 626-5275
Fax: (469) 626-5101