Eco-Shift Power Corp. (OTCQB:ECOP) Completes Raise of Approximately $1.1M in Initial Bridge Funding Round to Provide Growth Capital
April 1, 2014 - Cambridge, ON
CAMBRIDGE, ON--(Marketwired - April 01, 2014) - Eco-Shift Power Corp. (OTCQB: ECOP)
Eco-Shift (ECOP) announced today that it has completed its initial bridge funding round of USD $1,100,000. The funding will be used to provide the company with growth capital, execute on the roll out of its Virtual Powerplant Platform, and further develop its NetZero industry certification program.
The company's Virtual Powerplant Platform provides lighting products, smart energy management technologies and solutions implementation to save significant energy costs for mid-sized businesses to large multiple facility corporations.
NetZero Certification is ECOP's means of qualifying lighting products that meet exacting criteria and is a new tool for industry to make better energy and cost saving decisions. ECOP has developed rigorous protocols including all the necessary tests that all products must go through in order to attain NetZero Certification.
ECOP Lighting Solutions and Energy Management serves a client roster including Costco, Mattel, ThyssenKrupp, and Parmalat. With a foundation in new-era LED lighting and wireless and web-enabled technologies, ECOP is transitioning clients' decision making from old, fixed technology to the new information age.
ECOP's strategic plan includes acquiring best available technologies and brands to stay positioned at the forefront of the multi-billion dollar lighting retrofit and smart building development industry in North America and beyond.
About Eco-Shift Power
Headquartered in Cambridge, ON, Eco-Shift Power Corp. (ECOP) develops best-in-class commercial/industrial lighting products, wireless energy management technologies and solutions implementation. As an emerging technology smart building energy management facilitator, ECOP procures, assembles, sells and distributes high-efficiency lighting products, along with other integrated energy management products such as online monitoring and verification reporting tools, direct load controls, activity monetization instruments, and demand response. All are delivered via Software-as-a-Service (SaaS).
Core ECOP competencies include LED expertise, microprocessor/Transmitter/wireless capability -- with IP addressability creating an intelligent light and a sustainable management service platform that includes five areas for client revenue generation or costs savings:
- reduce load during peak pricing
- manage demand response programs
- manageability of fixtures to reduce load
- maintenance and management
Learn more at http://eco-shiftpower.com/.
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