DORAL, FL-- January 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 June 30, 2013, and the Company's Quarterly Report for the first 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.
Public / Investor Relations:
William A. Young Sr.
SOURCE: In Ovations Holdings, Inc.