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Octus Energy: Octus Energy Announces Joint Venture With Quantum Energy Solutions to Accelerate Commercialization of OctusSEP

^{Published on 2009-10-05 06:37:26 - Market Wire}
 

DAVIS, CA--(Marketwire - October 5, 2009) - Octus Energy (OTCBB: [ OCTI ]), a smart energy management company, today announced a non-exclusive joint venture with Quantum Energy Solutions, a leading energy management company, to commercialize Octus's proprietary Smart Energy Platform (OctusSEP). In addition, Octus and Quantum will collaboratively pursue a deep pipeline of energy-efficiency and alternative energy projects.

"Quantum and its principals are industry pioneers with a rich history of successfully deploying energy efficiency projects throughout North America," said Chris Soderquist, Octus CEO. "Over the past 35 years they have managed more than $100 million in energy projects for several hundred clients including Safeway, Bank of America, Sears, Hewlett-Packard and Chevron. This partnership significantly and immediately expands Octus's product distribution and implementation of smart energy solutions."

Founded in 1974, Quantum was one of the first energy management companies in the United States to specialize in energy conservation. Quantum has a pipeline in excess of $8 million in smart energy proposals, including energy-efficiency retrofits, alternative energy projects, and energy management engagements. Octus and Quantum will jointly pursue development of the existing pipeline, in addition to introducing the OctusSEP to Quantum's past and present clients.

"We have witnessed, firsthand, the evolution of the energy-efficiency industry," said Quantum President Jim Collins. "While technologies and systems have matured, the industry's laborious retrofit practice has remained static. Octus's approach to automate and streamline energy efficiency through OctusSEP is novel and pragmatic, filling an unmet need in an industry that is just starting to experience explosive growth. We look forward to collaborating with Octus to capitalize the opportunity."

About Octus

Octus Energy (OTCBB: [ OCTI ]) is a smart energy management company headquartered in Davis, California. Octus develops, markets and sells energy-efficient lighting and cooling solutions through OctusSEP (Smart Energy Platform), a turnkey, automated energy savings and management program targeting a $40 billion U.S. market. Commercialization of OctusSEP is propelled through affiliations with leading energy institutions, including the California Lighting Technology Center and the Western Cooling Efficiency Center.

About Quantum

Quantum Energy Solutions, Inc., is a leading energy management company with offices in California and Washington. The company's principals have executed more than $100 million in energy projects for clients including ARCO, Bank of America, Blockbuster, Chevron, Delta Airlines, Frito Lay, Hewlett-Packard, Home Depot, Ikea, Nabisco, Pepsi, Petco, Safeway, Sears, Siemens, and University of California.