Streetlight Intelligence Inc. Announces Strategic Investment by Hydro Ottawa



    VICTORIA, BC, Aug. 20 /CNW/ - Streetlight Intelligence Inc. ("SLQ") is
pleased to announce that Hydro Ottawa Holding Inc. ("Hydro Ottawa") has
completed a strategic investment in the Company.
    In consideration of a payment of $500,000, Hydro Ottawa has acquired an
option to purchase up to 5,000,000 common shares of SLQ ("Purchase Option") at
an exercise price of $0.11 per share, exercisable on or before August 19th,
2010. The Purchase Option includes a put right (the "Put Right"), whereby
Hydro Ottawa may require SLQ to repurchase and cancel the Purchase Option for
$500,000 plus an amount equal to an inherent return on the investment of
approximately 10% per annum. In order to provide Hydro Ottawa with security to
support SLQ's obligation to repurchase the Purchase Option, SLQ granted Hydro
Ottawa a first priority security interest over all of its present and future
property, assets and undertaking of the Issuer, including all fixed assets,
intellectual property and other intangibles. If the Purchase Option is instead
exercised, SLQ will then receive a further $550,000 for an aggregate
investment amount of $1,050,000. The Purchase Option and any common shares
issuable upon exercise of the Purchase Option shall be subject to a hold
period expiring on December 19th, 2009. Net proceeds from the sale of the
Purchase Option are expected to be approximately $465,000 after agent fees.
    "As a progressive leader in the power industry, Hydro Ottawa has
dedicated the time and resources to thoroughly evaluate the capabilities and
value proposition of our Lumen IQ(TM) technology," states Vince Krynski, Chief
Executive Officer of SLQ. "This strategic investment is an outstanding
endorsement of compatibility between our technology and Hydro Ottawa's mandate
to reduce energy consumption using real world, cost-effective solutions. We
are very excited about all of the opportunities that this new relationship
with Hydro Ottawa presents."
    "There are significant energy savings and maintenance cost savings to be
gained through more efficient and intelligent street lighting technology, and
we believe Streetlight Intelligence Inc. has a technology that will perform
very well," said Rosemarie Leclair, President and Chief Executive Officer of
Hydro Ottawa Holding Inc. "This investment allows us to advance our objectives
for both business growth and energy conservation, contributing to a more
sustainable energy future."
    Hydro Ottawa is also currently in discussions with SLQ regarding a
broader strategic investment that could include a future investment, the
establishment of a distribution agreement between SLQ and Hydro Ottawa for the
Province of Ontario, as well as the potential purchase of SLQ's products and
services. The discussions are preliminary and no assurances can be made that
the discussions will result in any of the above-mentioned outcomes.

    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 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 IQ(TM), 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".

    Forward-Looking Information

    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 receipt of funds from this financing, a potential
broader strategic investment by Hydro Ottawa in SLQ, a potential distribution
agreement and 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
forwardlooking 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 financing, 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.
    

    %SEDAR: 00019937E




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

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STREETLIGHT INTELLIGENCE INC.

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