BATON ROUGE, La.--Green Energy Management Services Holdings, Inc. (OTCBB: GRMS) announces the Company has entered into agreements with two properties of a leading international hotel chain to install and test GEM's proprietary Water Management System, which is a combination of the Company's patent-pending “smart valve” technology and a new engineering design geared to save companies 10%-30% in water usage. Water costs at these two hotels currently exceed $1.3 million annually.
“We are excited that a leading internationally recognized hotel brand has elected to install our Water Management System to verify the water savings," said Ronald Ulfers, the Company's President and Chief Executive Officer. “We believe that once they see the cost benefits of our System that they could expand adoption across hundreds of other properties they manage. Our Water Management System represents an ideal solution for hotels, condominiums, shopping centers and hospitals to reduce costs associated with water usage.”
About Green Energy Management Services Holdings, Inc. (GEM)
Based in the eastern United States and providing its services to customers worldwide, GEM is a full service energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in two functional areas: energy efficient lighting upgrades and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient light emitting diode (“LED”) units (the “Units”) to end users who utilize substantial quantities of electricity. [GEM is also currently involved in the initial stages of customer installation of its Water Management System.] GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy[, water utilization] and maintenance savings.
GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce by between 40-70% customers' monthly electric and other energy costs and reduce by between 10-30% customers' monthly water and sewer costs. GEM's goal is to capture a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.
GEM has patents pending in certain technology supporting its water management device and also provides other water management systems that reduce its customers' costs. GEM outsources its lighting replacement needs but those product providers all possess proprietary or patented technology. Additional information on GEM may be found at www.gempowered.com.
“We are excited that a leading internationally recognized hotel brand has elected to install our Water Management System to verify the water savings”GEM anticipates a successful outcome during the test period and believes the savings to its client will be substantial. If the hotels continue to use the System subsequently, they will pay GEM 50% of the savings on a monthly basis for a period of up to 5 years, with the option to renew for an additional 5 years.
“We are excited that a leading internationally recognized hotel brand has elected to install our Water Management System to verify the water savings," said Ronald Ulfers, the Company's President and Chief Executive Officer. “We believe that once they see the cost benefits of our System that they could expand adoption across hundreds of other properties they manage. Our Water Management System represents an ideal solution for hotels, condominiums, shopping centers and hospitals to reduce costs associated with water usage.”
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About Green Energy Management Services Holdings, Inc. (GEM)
Based in the eastern United States and providing its services to customers worldwide, GEM is a full service energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in two functional areas: energy efficient lighting upgrades and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient light emitting diode (“LED”) units (the “Units”) to end users who utilize substantial quantities of electricity. [GEM is also currently involved in the initial stages of customer installation of its Water Management System.] GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy[, water utilization] and maintenance savings.
GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce by between 40-70% customers' monthly electric and other energy costs and reduce by between 10-30% customers' monthly water and sewer costs. GEM's goal is to capture a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.
GEM has patents pending in certain technology supporting its water management device and also provides other water management systems that reduce its customers' costs. GEM outsources its lighting replacement needs but those product providers all possess proprietary or patented technology. Additional information on GEM may be found at www.gempowered.com.
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