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Tuesday, May 18, 2010 9:29:45 AM
News, awesome surprise....
Quantum Energy Solutions
Octus Announces Definitive Agreement to Acquire Quantum Energy
Solutions
DAVIS, CA -- (MARKETWIRE) -- 05/18/10 --
Octus, Inc. (OTCBB: OCTI), a leading smart energy efficiency company, today
announced the signing of a definitive agreement to acquire privately held
Quantum Energy Solutions, Inc., a pioneer in energy efficiency project
development and smart energy product commercialization.
"Quantum and its principals are energy industry leaders with a rich history
of successfully deploying energy efficiency projects throughout the United
States and Canada," said Chris Soderquist, Octus CEO. "When the transaction is
completed, we believe the fusion of our companies, our capabilities, and our
sales pipelines will significantly and immediately expand Octus's ability to
develop energy efficiency projects. This will be a seminal step in Octus's
growth as a leading developer of smart energy efficiency solutions."
Founded in 1974, Quantum was one of the first energy management companies in
the United States to specialize in energy efficiency. Quantum's principals have
executed more than 1,500 energy projects totaling more than $100 million in
value 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.
"Over the past three decades Quantum has helped evolve the energy-efficiency
industry," said Quantum President Jim Collins. "Octus's project development
approach -- including integration of innovative energy efficiency technologies
and organization of creative project financing -- fills an unmet and rapidly
expanding opportunity in the commercial building market space. In addition, we
look forward to marketing the Octus Smart Energy Platform to Quantum's client
base. The time to act is now, and together we are well poised to capitalize
opportunities."
About Octus Octus, Inc. (OTCBB: OCTI) is a smart energy management company
that reduces energy costs for commercial and institutional building by 50% or
more through energy-efficient lighting, HVAC and energy management systems.
Octus makes buildings smart and efficient through its proprietary Smart Energy
Platform (OctusSEP) -- a portfolio of smart devices, sensors, network
appliances and software-enabled energy management services. The company's
energy management software, Octus SmartPortal, enables building owners and
managers to command, control and monitor energy use in real time, from any
device. In addition, the company develops energy projects through the
implementation and financing of energy-efficient lighting, mechanical and
energy management measures. Octus was founded in 1983 and is headquartered in
Davis, California.
Forward-Looking Statements This press release contains forward-looking
statements, including, without limitation, statements as to financial
projections and management's beliefs, expectations, goals and opinions. The
company does not undertake to update or revise these statements, which are
based on a number of assumptions concerning future conditions that may
ultimately prove to be inaccurate. Future events and their effects on the
company may not be those anticipated, and actual results may differ materially
from the results anticipated in these forward-looking statements. The risks,
uncertainties and factors that could cause or contribute to such material
differences are discussed in the company's annual report on Form 10-K for the
year ended December 31, 2009, filed by the company with the Securities and
Exchange Commission, as updated or supplemented from time to time in subsequent
filings. In addition, this press release contains a number of forward-looking
statements concerning anticipated operations for 2010. The company has only
recently become engaged in the smart energy business and does not have a
history of operations on which future results can be based.
Contact: Chris Soderquist Octus chris@octusenergy.com 530/564-0200
http://octusenergy.co
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=wB5yEb8wRK5C34y2GYLemA%3D%3D. You can use
this link on the day this article is published and the following day.
(END) Dow Jones Newswires
05-18-10 0928ET
09:28 051810
Quantum Energy Solutions
Octus Announces Definitive Agreement to Acquire Quantum Energy
Solutions
DAVIS, CA -- (MARKETWIRE) -- 05/18/10 --
Octus, Inc. (OTCBB: OCTI), a leading smart energy efficiency company, today
announced the signing of a definitive agreement to acquire privately held
Quantum Energy Solutions, Inc., a pioneer in energy efficiency project
development and smart energy product commercialization.
"Quantum and its principals are energy industry leaders with a rich history
of successfully deploying energy efficiency projects throughout the United
States and Canada," said Chris Soderquist, Octus CEO. "When the transaction is
completed, we believe the fusion of our companies, our capabilities, and our
sales pipelines will significantly and immediately expand Octus's ability to
develop energy efficiency projects. This will be a seminal step in Octus's
growth as a leading developer of smart energy efficiency solutions."
Founded in 1974, Quantum was one of the first energy management companies in
the United States to specialize in energy efficiency. Quantum's principals have
executed more than 1,500 energy projects totaling more than $100 million in
value 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.
"Over the past three decades Quantum has helped evolve the energy-efficiency
industry," said Quantum President Jim Collins. "Octus's project development
approach -- including integration of innovative energy efficiency technologies
and organization of creative project financing -- fills an unmet and rapidly
expanding opportunity in the commercial building market space. In addition, we
look forward to marketing the Octus Smart Energy Platform to Quantum's client
base. The time to act is now, and together we are well poised to capitalize
opportunities."
About Octus Octus, Inc. (OTCBB: OCTI) is a smart energy management company
that reduces energy costs for commercial and institutional building by 50% or
more through energy-efficient lighting, HVAC and energy management systems.
Octus makes buildings smart and efficient through its proprietary Smart Energy
Platform (OctusSEP) -- a portfolio of smart devices, sensors, network
appliances and software-enabled energy management services. The company's
energy management software, Octus SmartPortal, enables building owners and
managers to command, control and monitor energy use in real time, from any
device. In addition, the company develops energy projects through the
implementation and financing of energy-efficient lighting, mechanical and
energy management measures. Octus was founded in 1983 and is headquartered in
Davis, California.
Forward-Looking Statements This press release contains forward-looking
statements, including, without limitation, statements as to financial
projections and management's beliefs, expectations, goals and opinions. The
company does not undertake to update or revise these statements, which are
based on a number of assumptions concerning future conditions that may
ultimately prove to be inaccurate. Future events and their effects on the
company may not be those anticipated, and actual results may differ materially
from the results anticipated in these forward-looking statements. The risks,
uncertainties and factors that could cause or contribute to such material
differences are discussed in the company's annual report on Form 10-K for the
year ended December 31, 2009, filed by the company with the Securities and
Exchange Commission, as updated or supplemented from time to time in subsequent
filings. In addition, this press release contains a number of forward-looking
statements concerning anticipated operations for 2010. The company has only
recently become engaged in the smart energy business and does not have a
history of operations on which future results can be based.
Contact: Chris Soderquist Octus chris@octusenergy.com 530/564-0200
http://octusenergy.co
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=wB5yEb8wRK5C34y2GYLemA%3D%3D. You can use
this link on the day this article is published and the following day.
(END) Dow Jones Newswires
05-18-10 0928ET
09:28 051810
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