Streetlight Intelligence announces Key International Pilot System Sale
VICTORIA, BC, Sept. 22 /CNW/ - Streetlight Intelligence Inc. ("SLQ") is pleased to report that it has received a purchase order for a pilot system from Networks Electrical & Mechanical Contracting Company ("NEMCCO") for installation in Doha, Qatar.
The NEMCCO order is for a pilot system consisting of ten Lumen IQ(TM) lamp controllers which will be retrofitted to existing high pressure sodium ("HPS") street lights as well as "in-country" technical training and support for SLQ products. The system will be delivered in October with SLQ staff travelling to Qatar to aid in the installation and provide training to NEMCCO engineers. NEMCCO is a Qatari firm and has developed a highly diversified organization serving a broad spectrum of private, corporate and government clients. NEMCCO are approved by and registered with most government departments holds a Class `A' license issued by Qatar General Electricity & Water Corporation and have been pre-qualified for street lighting works.
"This is an exciting development for Streetlight Intelligence," states Vince Krynski, SLQ's CEO. "We are very pleased to be able to partner with a high quality and well established electrical engineering and service company that has proven its capabilities as a successful contractor of record with the State of Qatar. We believe that the potential for adaptive lighting controls in the Middle East is large and that this is a significant first step in our plan to exploit that market opportunity."
About the Lumen IQ(TM) Adaptive Street Light Management System
SLQ's Lumen IQ(TM) Adaptive Street Light Management System has the capability to create and apply adaptive lighting schedules to any singular or group of street lights, track energy use and accurately measure and report energy savings. It also allows dispatch crews to collect information on maintenance needs, such as lamp failures, and to monitor the performance of individual street lights, which enables proactive maintenance and reduced response times.
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".
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 installation of the Lumen IQ(TM) system, the exploitation of the middle east market by SLQ, 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, the ability and timing of the Corporation to complete the delivery of the system, 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.
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For further information: visit www.StreetlightIQ.com or contact: Vincent Krynski, Chief Executive Officer, (250) 544-0147, ext 229, [email protected]; D. Mark Alenius, CA, Chief Financial Officer, (403) 803-7390, [email protected]
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