VICTORIA, Oct. 20 /CNW/ - Streetlight Intelligence Inc. ("SLQ") is pleased to announce that, further to its news release dated June 19, 2009, the "National Demonstration Program" for its Lumen IQ(TM) street light optimization technology is underway.
"Demonstration kits are now being assembled and shipped to municipalities across Canada," states CEO, Vince Krynski. "Upon installation, each city wil undertake a 2-month field trial to get familiar with our Lumen IQ(TM) technology and experiment with its configuration, monitoring and reporting capabilities. Upon successful trial, we will encourage each of these cities to either expand the program to a larger trial or a full phased deployment."
The National Demonstration Program involves a deployment of turnkey "demonstration installations" at up to 60 locations across Canada. The deployment is scheduled for deliveries in three phases of 20 kits each, of which the first phase is nearly complete. To date 16 municipalities have signed up for the program in the provinces of Nova Scotia, Ontario, Saskatchewan, Alberta and British Columbia, and delivery of kits are underway.
The purpose of the National Demonstration Program is to provide Canadian municipalities with an opportunity to experience how Lumen IQ(TM) technology can significantly reduce the energy required to operate their street lights and gain knowledge on how maintenance and greenhouse gas emission savings can be realized. The Program is intended to provide reliable, objective and conclusive data on the energy-savings capability of Lumen IQ(TM) technology and this data will be shared with all interested municipalities for reference as they look to adopt practical solutions for reducing their energy consumption, as well as to explore public private partnership (P3) financing for large scale implementations.
The National Demonstration Program is being funded in part through the support of Natural Resources Canada ("NRCan"), who is contributing up to $185,000, of which $58,000 has been received to-date. With an estimated 6.5 million street lights in Canada today, SLQ believes there exists a real opportunity to realize significant energy, maintenance and greenhouse gas emission savings - simply through more efficient operation of the country's existing street light infrastructure.
About Streetlight Intelligence Inc.
Streetlight Intelligence Inc. develops advanced street light optimization systems - and was recently recognized as the "New Technology of the Year" at the British Columbia Hydro 2009 Power Smart Excellence Awards. Trademarked as Lumen IQTM, SLQ's technologies 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".
Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian securities laws. These statements relate to analysis and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning anticipated performance of SLQ's technology during the National Demonstration Program, the adoption of its technology by a municipality should the field trial prove successful, the anticipated receipt of future funding from National Resources Canada as well as other factors and events described in this news release should be viewed as forward-looking statements to the extent that they involve estimates thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the ability and timing of the Corporation to complete the program in any municipalities within Canada, no assurance that the Corporation will receive additional funds from National Resources Canada, the effects of a recessionary economy and volatile capital markets and such other business risks as discussed herein and other publicly filed disclosure documents of the Corporation which are specifically incorporated herein by reference. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements there may be other factors that cause actions events or results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
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