VICTORIA, Aug. 16 /CNW/ - Streetlight Intelligence Inc. ("SLQ") is pleased to announce that SLQ and Hydro Ottawa Holding Inc. ("Hydro Ottawa") have entered into an Amending Agreement, dated August 16th, 2010. The agreement amends and extends the expiry date of the Purchase Option acquired by Hydro Ottawa on August 19th, 2009, by one year from August 19th, 2010, to August 19th, 2011, subject to regulatory body approval.
All other terms of the Purchase Option remain the same as announced on August 20th, 2009.
About Hydro Ottawa Holding Inc.
Hydro Ottawa Holding Inc., through its subsidiaries, maintains one of the safest, most reliable and cost-effective electricity distribution systems in Ontario. Hydro Ottawa currently serves 291,000 homes and businesses in the Ottawa area and operates some of the greenest and most environmentally friendly power generating stations in Canada. It owns and operates two subsidiaries: Hydro Ottawa Limited and Energy Ottawa Inc. Hydro Ottawa Holding Inc. is wholly owned by the City of Ottawa.
About Streetlight Intelligence Inc.
Streetlight Intelligence Inc. develops advanced, award-winning adaptive street light management systems. Trademarked as Lumen IQ(TM), SLQ's technologies can be used with existing or new street lighting fixtures, including LED-based fixtures, to provide improved lamp performance, adaptive lighting control, and system-wide communications for centralized street light management. SLQ's systems enable street light operators to significantly reduce their community's energy consumption, maintenance costs and environmental impact.
SLQ is a public company listed on the TSX Venture Exchange under the symbol "SLQ".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.
SOURCE STREETLIGHT INTELLIGENCE INC.
For further information: For further information: visit www.StreetlightIQ.com or contact: Vincent Krynski, Chief Executive Officer, (403) 571-2412, vkrynski@StreetlightIQ.com; D. Mark Alenius, CA, Chief Financial Officer, (403) 803-7390, malenius@StreetlightIQ.com