Global Innovative Completes Successful Testing of Its Eco-Pro(TM) T5 Fluorescent Lamps With the City of Richmond
Global Innovative Systems Inc. (OTC BB: GBSY) announced today that it has completed a successful energy savings verification test of its Eco-Pro(TM) T5 fluorescent lamps with the City of Richmond, British Columbia, Canada.
The pilot test program consisted of a one-day field trial on June 21, 2005 conducted jointly by the City Of Richmond's Facility Management, Maintenance & Operations division and Tech Team Development Limited ("TTD"), a wholly owned subsidiary of Global Innovative. The purpose of the test was to measure and verify the performance and energy consumption profile of TTD's Eco-Pro(TM) T5 fluorescent lamps versus originally fitted T12 fluorescent lamps operating in most City of Richmond facilities.
Testing was conducted at an office facility of the City of Richmond on a section of ceiling lighting that was operating with twelve 34W T12 fluorescent lamps. In the first phase of the test program, the twelve original fluorescent lamps were replaced by twelve Eco-Pro(TM) 28W T5 fluorescent lamps. Performance was measured in terms of electricity usage and luminosity. The results of the first phase of the test indicated an electricity savings rate of 14.9% and increased luminosity of 20.8% from the operation of the Eco-Pro(TM) T5 fluorescent lamps versus the originally fitted T12 fluorescent lamps.
In the second phase of the test, the twelve original fluorescent lamps were replaced by eight Eco-Pro(TM) 28W T5 fluorescent lamps. The results of the second phase of the test indicated an electricity savings rate of 42.9% and a decrease in luminosity of 14.0% from the operation of the Eco-Pro(TM) T5 fluorescent lamps versus the originally-fitted T12 fluorescent lamps. However, the reduction in luminosity was not detectable by visual sight and was verified by a City of Richmond test participant to be well within the acceptable level of luminosity.
"This test program verifies that our Eco-Pro(TM) T5 fluorescent lamps can significantly reduce the electricity consumption and cost of fluorescent lighting for the City of Richmond," said Andrew Mak, Senior Project Manager of TTD. "Our Eco-Pro(TM) T5 fluorescent lamps are the next generation in fluorescent lighting. Our products incorporate the latest technologies, enabling our clients to receive superior performance while consuming less electricity than traditional fluorescent lights."
"We are very pleased with the results of this test with the City of Richmond," said Bondy Tan, President and CEO of Global Innovative. "Based on the successful results, we intend to enter into discussions with the City of Richmond for the potential widespread installation of Eco-Pro(TM) T5 fluorescent lamps, and other energy savings solutions, throughout their facilities. We estimate to supply a minimum of 100,000 pieces for their total premises, with estimated price of CAD32 per unit, resulting in estimated revenue of CAD3.2 million."
The City of Richmond is a community of over 177,750 people located within Greater Vancouver, British Columbia, Canada. Richmond strives to be to the most appealing, livable and well-managed community in Canada, and has been the recipient of numerous awards for management and innovation. Richmond has a wide variety of recreational, cultural and heritage facilities, including pools, arenas, community centers, tennis courts, running tracks and playing fields. The continuing development of the City's downtown core, and the pending construction of Rapid Transit and an Olympic Speed Skating Oval on time for the 2010 Winter Games, ensures that Richmond's transformation is ongoing.
About Global Innovative
Global Innovative Systems Inc. (OTC BB: GBSY) delivers total energy management solutions. Since 1999, over 100 commercial, industrial, government and multi-residential clients have benefited from Global Innovative's solutions. From energy audits, to customized design, supply of leading-edge products and technical consultancy, Global Innovative delivers solutions which optimize energy consumption, lower costs and enhance competitiveness for clients. Global Innovative operates through wholly owned subsidiary Tech Team Holdings Limited. Our headquarters are in Hong Kong, and we have offices in Singapore, China, Macau, Canada and the United States.
Safe Harbor Provision
The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. This Press Release may contain, in addition to historical information, 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 identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Global Innovative's expectations, and Global Innovative expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to, Global Innovative's and TTD's ability to secure a sales agreement with the City of Richmond; Global Innovative's and TTD's ability to secure sufficient working capital in order to manufacture and deliver energy saving equipment; and other factors which may cause the actual results, performance or achievements of the Global Innovative to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Information concerning potential factors that could affect Global Innovative is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
Distributed by Filing Services Canada and retransmitted by Market Wire
Source: Marketwire (November 10, 2005 - 1:41 PM EST)
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