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Intelligent Highway Solutions Finalizes Closing of Fazync Corporation
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January 10, 2018 09:00 ET | Source: Intelligent Highway Solutions, Inc.
SACRAMENTO, Calif., Jan. 10, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Intelligent Highway Solutions, Inc. (OTC PINK:IHSI) announced today that the company has acquired 100% of Fazync Corporation and Fazync, LLC under more favorable terms vs the original agreement.
CEO Devon Jones stated, "We could not be more pleased with the results of this transaction. Mr. Bob Widner, the owner of Tripac System, Inc. has reached the point where his company's technology, Phase Angle Synchronization (PAS) that allows utility companies to recycle wasted electricity is "plug and play" ready. The revolutionary PAS Units require a small on-site footprint, but offer a massive impact as it pertains to energy savings and stress on utility infrastructure. All parties involved have determined that this is going to be a massive undertaking and will require specialized teams to handle the various aspects of the nationwide rollout and that's where Fazync comes in."
Mr. Bob Widner stated, "Tripac Systems is currently setting up the infrastructure to handle the "manufacturing" component of the project. Fazync Corporation will work in conjunction as the "installation" arm of the rollout. Fazync will handle all marketing, installations, monitoring and maintenance of the units and capture significant revenue as a result of our joint efforts. The potential even in the short term is in the tens of millions, so we have already begun assembling a team of experts that will allow all entities involved to benefit tremendously."
Mr. Jones finished up with, "We have already secured a facility in Sacramento, California in order to handle all aspects of our end of the operations and the square footage is more than enough for growth and expansion. Currently, there is an operational PAS Unit in place in our facility that has been set up for demonstrations for utility companies, energy service companies (ESCOs) and large commercial and industrial end users. We feel strongly that this new subsidiary provides tremendous revenue potential for our company as this technology is revolutionary and one of a kind. Over the past couple of months, there has been a flurry of activity to get us to this point and we'd like to thank our shareholders for their patience. We look forward to sharing more with you in the coming weeks and we thank you for your support."
About Intelligent Highway Solutions, Inc.: Intelligent Highway Solutions, Inc. was formed in April 2011. IHSI provides technology driven solutions for commercial, industrial, and municipal facilities, from full-turn-key general contracting to LED lighting retrofits, HVAC and temperature control upgrades, to solar renewable energy systems, working with commercial developer, government and transportations sectors. Fazync technology is the first and only Phase Angle Synchronization technology that re-cycles electricity with the addition of Cresent Construction, North Carolina, and IHSI is a full-service general contractor providing design, installation and construction management services.
Forward Looking Statements: Any statements contained herein that are not historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.
Paul Knopick
Pknopick@eandecommunications.com
940.262.3584
January 24, 2018 09:15 ET | Source: Intelligent Highway Solutions, Inc.
SACRAMENTO, Calif., Jan. 24, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Intelligent Highway Solutions, Inc. (OTC PINK:IHSI) announced today that the new strategic alliance with Bravatek Solutions, Inc. has created new and exciting revenue opportunities that the company plans to take full advantage of in the coming months.
Devon Jones, CEO of Intelligent Highway Solutions stated, "Through our partnership with Bravatek, we have been introduced to the management team at HelpComm, a company that specializes in telecom and electrical services projects. In early February, we will be traveling to their headquarters to discuss joint venture projects with them in both California and North Carolina. The synergies are strong between our two companies and we feel strongly that this new relationship will yield exciting new revenue opportunities in the multiple millions of dollars."
Intelligent Highway Solutions recently announced that their subsidiary, Fazync Corporation will become an integral part of the Tripac Systems Phase Angle Synchronization (PAS) rollout that allows utility companies to recycle wasted electricity. The Bravatek team and Dr. Cellucci specifically will work with IHSI to create and develop new accounts in the energy/utilities industry.
Mr. Jones finished up with, "Dr. Thomas Cellucci, Bravatek's CEO was instrumental in helping us to align ourselves with HelpComm and will play a consulting role as we coordinate and implement our working relationship with HelpComm. In addition, Dr. Cellucci will be traveling to our Sacramento headquarters next month to learn more about the PAS units and discuss how his company can help facilitate the growth of Fazync Corporation. We could not be more pleased with this working relationship and look forward to the positive impact all of this will have on our company."
July 24, 2017 09:00 ET
Intelligent Highway Solutions Signs Letter of Intent to Prove Technology to Recycle Wasted Electricity
SACRAMENTO, CA--(Marketwired - Jul 24, 2017) - Intelligent Highway Solutions, Inc. (OTC PINK: IHSI) is pleased to announce it has signed a letter of intent with Fazync, LLC. IHSI will provide the resources to manufacture and install Fazync's new state of the art Phase Angle Synchronization (PAS) equipment which for the first time will allow electric utilities to recycle wasted electricity.
"This has been a multi-billion dollar problem that has plagued the utility industry for years," said Devon Jones, Intelligent Highway Solutions CEO. "The group or organization that solves this problem will automatically become a very lucrative business and we see this as an integral part of IHSI's future business plans. We will beta test five sites and each site should save the local utility 30% to 40% in energy. It is estimated in California alone that there are approximately 60,000 potential customers that fit into the rate structure that would qualify them as potential sites for the technology."
It is estimated that 40 percent of all electricity that is generated is lost. If Fazync's product works as anticipated that will allow electricity lost at commercial facilities and industrial plants to be saved and utilized. This allows a utility to combat line congestion, improve low reserve margins, and reduce the number of expensive power outages that is estimated at $150 billion dollars per year.
The Phase Angle Synchronization system improves the efficiency in the delivery of electricity. The PAS system will extend the life of the electric grid, protect it from excessive wear and damage, and reduce the number of outage incidences. The five test sites in California will allow the two companies to show electric utilities how this breakthrough product can greatly benefit that industry.
About Intelligent Highway Solutions, Inc.
Intelligent Highway Solutions, Inc. was formed in April 2011. IHSI provides technology driven solutions for commercial, industrial, and municipal facilities, from full-turn-key general contracting to LED lighting retrofits, HVAC and temperature control upgrades, to solar renewable energy systems, working with commercial developers, government and transportations sectors. With the addition of Cresent Construction, North Carolina, IHSI is a full-service general contractor providing design, installation and construction management services.
