CLEVELAND, April 23, 2018 (GLOBE NEWSWIRE) — Innovest Global, Inc. (OTC PINK:IVST) Energy Group has signed its first ‘Demand Cost Reduction’ (DCR) system sale. Through our proprietary LEEP financing program the client, a furniture manufacturer, will pay the $118K installed price by paying a portion of their monthly savings to finance the hardware and install, which are guaranteed.
The DCR System is a primary metering system. It can be constructed within a metal box, or we can install a utility pole and mount it at the top. Basically, it steps in between the unmitigated electricity flow and the client, and eliminates up to 50-70% of wasted demand charge, reducing electricity cost by 30-40%. It is ideal for manufacturers and others with high energy use, and is an installed product with a six-figure price. “I can’t overstate the significance of what we believe the added footprint of this new technology will do for our Energy Group,” said Division President, Damon Mintz. “We trained our national sales team last month, and it’s truly a game changing technology for our Commercial & Industrial clients. When financed through our LEEP program, it is once again something we offer that is financed with cost savings, and has no out of pocket costs.”
In our March 16, 2018 news release, ‘Innovest Global, Inc. Energy Group Update, Features Signed $1.2 Million Revenue Acquisition Letter of Intent, Marquis Client, New Technology’, we stated, “Shepherd Energy Solutions (SES) has executed a strategic partnership agreement to begin production of its new, proprietary Demand Cost Reduction Solution. This technology reduces the demand charge by 50% – 70% for qualified commercial and industrial clients. SES expects to begin installations on customer sites by the end of the 2nd quarter.” On cue, the first of several sales proposals was signed and install is scheduled. There are already several other proposals pending.
“LEEP” stands for Lighting Energy Efficiency Program. It is a revolutionary financing tool that allows clients who wish to upgrade to energy efficient hardware, to finance the hardware and installation by paying a portion of the savings they will achieve by upgrading, for a limited term. Because it considers savings as positive cashflow, clients do not need to go through a long approval process and it eliminates many of the other painful parts of traditional financing arrangements.
It has been a busy month at Innovest, for both the Commercial & Industrial Division, and the forthcoming Biotechnology & Health Sciences Divison. Look for much more information to come soon. Innovest uses Twitter, which can be accessed both on Twitter @innovestglobal and on the front page of our website www.innovestglobal.com, for important company updates. This includes information that may be material, so please follow us and visit our website regularly! For more information on Innovest contact email@example.com, or call Innovest investor Relations Matt Rego at 216.815.1122.
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