N@N

Octus Energy Selected by the City of Roseville as Approved Energy Efficiency Contractor for Stimulus Projects

^{Published on 2010-07-19 06:50:22 - Market Wire}
 

DAVIS, CA--(Marketwire - July 19, 2010) - Octus, Inc. (OTCBB: [ OCTI ]), a leading smart energy efficiency company, today announced it has been named an approved energy efficiency contractor for Roseville Electric's Small Business Lighting Program. Octus' selection is part of Roseville Electric's $1,073,700 in American Recovery and Reinvestment Act of 2009 (ARRA) funds for energy efficiency programs granted to the City of Roseville.

"On the heels of our acquisition and integration of Quantum Energy Solutions, this program provides a prime opportunity to help business owners in Roseville immediately and perpetually reduce their energy use and costs," said Octus Vice President of Energy Solutions Mananya Chansanchai. "Stimulus funds for energy efficiency are starting to flow into the economy, which is a good sign for Octus and an even better sign for commercial building owners, managers and tenants."

Octus was selected as one of four approved energy efficiency vendors through a competitive bid process. Rebates from the Small Business Lighting Program are designed to cover up to 100% of the costs for select energy efficiency lighting measures, and are available to City of Roseville businesses whose peak demand is less than 250 KW per month. The program commenced July 6, 2010 and will remain open until funding is fully subscribed.

"Businesses that upgrade their lighting can significantly reduce their monthly energy consumption, which will help lower monthly operating expenses," said Roseville Electric Small Business Program Manger Mark Riffey. "We hope that all eligible businesses take advantage of this program that is designed to cover nearly all of the lighting retrofit costs."

About Octus
Octus, Inc. (OTCBB: [ OCTI ]) is a smart energy efficiency company headquartered in Davis, California that significantly reduces the energy costs of commercial and institutional buildings through energy-efficient lighting, HVAC and energy management systems. Octus monetizes the energy savings it creates through three business units: Smart Energy Technologies, Energy Project Development and the Octus Smart Energy Platform. Octus' energy project development division, Quantum Energy Solutions, has completed more than 1,500 smart energy projects for 300-plus 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.