Streetlight Intelligence Inc. (STI) (TSX VENTURE: SLQ) today announced receipt of an order for 4,000 of its Lumen IQ units from its Mexican agent Resendiz y Baan S.A. de C.V. ("Resendiz y Baan") on behalf of their client, the City of Monclova, located in the State of Coahuila in northeastern Mexico. The order, worth approximately US $450,000, will provide Monclova with Lumen IQ(TM) units for installation in the spring of 2007. STI has recently appointed Resendiz y Baan as its agent in Mexico.
The innovative Lumen IQ(TM) technology addresses the maintenance problems and the high energy consumption of the world's estimated 500 million street lights. The Lumen IQ(TM) system allows cities, provinces and utilities to remotely program street lights so they dim or turn off depending on pedestrian and traffic levels. The ability to remotely control street lights - which can account for up to one third of an average municipality's electric bill - reduces the energy they consume by as much as 40 percent. In addition to energy savings, the Lumen IQ(TM) control system provides significant operational savings and environmental benefits, including substantial reductions in greenhouse gas emissions.
"The City of Monclova is taking a leadership role in Mexico by modernizing their street light plant with STI's innovative technology," said Don Cleland, President and CEO of Streetlight Intelligence Inc. "We are excited to be working with a proactive community focused on reducing the fiscal and environmental costs of street lighting. When completed, the Monclova installation will be the largest adaptive roadway lighting project in North America and will help demonstrate the benefits of the Lumen IQ(TM) to potential purchasers around the globe. STI is currently engaged in numerous sales opportunities in Canada and the U.S. and I am confident the Monclova sale will accelerate the international sales process."
"We are pleased to have been appointed as agents for STI's Lumen IQ(TM) products" says Aaron Resendiz, Principal of Resendiz y Baan. "We invested our time and energy in researching technology solutions needed by our customers and STI's Lumen IQ(TM) street light control system was clearly superior in both energy and maintenance efficiencies to the limited competitive offerings available We are already well advanced in discussions with other municipal clients in Mexico and expect to repeat the commercial success we have had in Monclova in the near future."
Since 2000, Resendiz y Baan S.A. de C.V has been providing its municipal and industrial clients with recycling and energy saving solutions and services. The firm is located in Monclova.
Streetlight Intelligence Inc. is a Canadian company headquartered in Victoria, British Columbia listed on the TSX Venture Exchange (trading symbol: SLQ). STI designs, manufactures and markets products and services for the outdoor lighting industry. STI's proprietary Lumen IQ(TM) technology allows street lights to be remotely turned on/off or dimmed at specified times, which results in significant energy savings and reductions in greenhouse gas emissions and light pollution. The Lumen IQ(TM) network also immediately identifies malfunctioning street lights allowing substantial maintenance cost savings. For more information, access www.StreetlightIQ.com.
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