North/Central BC 'Smart Street Light' Project receives up to $1.3 million from the Innovative Clean Energy Fund

    VICTORIA, BC, April 9 /CNW/ - Streetlight Intelligence Inc. ("SLQ") is
pleased to announce that the "North/Central BC `Smart' Street Light" project
proposed by the Pacific Green Energy Initiative has been selected to receive
funding up to $1.3 million via British Columbia's Innovative Clean Energy
("ICE") Fund. The North/Central BC 'Smart' Street Light Project is a
commercial scale demonstration using SLQ's Lumen IQ(TM) street light
technology on up to 10,000 light fixtures in the region intended to be
installed prior to the 2010 Olympics. Subject to the approval by municipal
councils and authorities, the total cost of the project is approximately $3.85
million with SLQ's technology representing $2.5 million of that cost.
    The Honorable Ida Chong, Minister of the Ministry of Small Business,
Technology and Economic Development which manages the ICE find, visited SLQ
Victoria offices yesterday for a tour of the Company and its technology. "This
technology represents substantial economic and environmental benefits - it's a
great example of what we are trying to achieve with clean energy through the
ICE Fund" said Minister Chong. "With the Olympic and Paralympic Winter Games
less than a year away now - we can look forward to unprecedented opportunities
to showcase to the world all things we do so well in British Columbia -
including clean energy technology - like smart street lighting."
    "This commitment from the ICE fund was a result of the project directly
addressing its priority of municipal electricity demand reduction through the
commercialization of intelligent lighting control systems in transportation
corridors," states Vince Krynski, CEO of SLQ. "Additionally, a comprehensive
analysis of our Lumen IQ(TM) adaptive street technology undertaken by BC Hydro
was critical to this project moving forward. Lumen IQ(TM) technology can
dramatically reduce the energy and operating costs of street lights and we are
excited about this opportunity to showcase its performance in our home
province in time for the 2010 Olympics. This is an excellent opportunity for
our organization to support local energy-efficiency, help build B.C.'s green
technology sector, and seize the opportunities of the growing low-carbon
    "We are thrilled to have the opportunity to deploy this world leading
technology that was developed in BC" states Keith McPherson, Managing Director
of the Pacific Green Energy Initiative. "In addition to generating employment
and economic opportunities, SLQ's technology has the potential to reduce
energy by over 2 billion kWh's and significant greenhouse gas emissions
reductions over the next 20 years if all BC street lights were upgraded".

    About the ICE Fund

    Managed by The Ministry of Small Business, Technology and Economic
Development, the ICE Fund supports projects focused on the production of clean
or renewable energy, the transmission of energy from producers to consumers,
and improving the ways energy is used in British Columbia's communities and
across all sectors of the provincial economy.

    About the Pacific Green Energy Initiative

    The Pacific Green Energy Initiative (PGEI) is a British Columbia-based
project to encourage the development of a manufacturing hub to produce clean
energy and fuel international trade. The intent of the initiative is to enable
clean energy developers and manufacturers to showcase their technologies and
use them for energy self-sufficiency and potential electricity sales to BC

    About Streetlight Intelligence Inc.

    Streetlight Intelligence Inc. develops advanced street light optimization
systems. 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 and deployment of the North/Central
B.C. 'Smart' Street Light Project 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
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, costs and
timing of the development of the program, availability of capital to fund the
program, the effects of a recessionary economy and such other business risks
as discussed herein and other publicly filed disclosure documents of the
Corporation. 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 or contact: Vincent
Krynski, Chief Executive Officer, (403) 571-2412,;
D. Mark Alenius, CA, Chief Financial Officer, (403) 803-7390,

Organization Profile


More on this organization

Green News

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890