Intelligent Highway Solutions, Inc. (OTCQB:IHSI), announced it has received a significant purchase order from Honeywell for the installation of a temperature control system and associated sensors in a state owned office building in Alameda, California. The initial purchase order has been received and there are three others that are expected within the course of the calendar year. Upon receipt and completion, the total orders will represent approximately $1,000,000 in revenues for Intelligent Highway Solutions. This office building is one of many office buildings in the State of California that are expected to install new systems to be in compliance with the California Title 24 Energy Standards. The goal of the California Title 24 Energy Standards is to reduce energy use. Commercial buildings are one of the major contributors to the energy demand within the state. Since the California Energy Crisis of the 2000/2001 time frame, one of the major initiatives of the State of California has been to reduce energy demand. In the State of California, there are over 365 state-owned office buildings. Each one of the office buildings is mandated by law to be in compliance with Title 24 which was created in 1978 by the California Building Standards Commission in a legislative mandate to reduce California’s energy consumption. The installed temperature control system and associated sensors are integral to an efficient building control system which ultimately saves energy and financial resources for the state.
In December 2013, Intelligent Highway Solutions signed a vendor agreement with Honeywell. This purchase order will be released in four phases and is expected to be completed in the next 9-12 months.
Devon Jones, Chief Executive Officer of Intelligent Highway Solutions stated, “We look forward to completing the work related to this purchase order before the end of this calendar year and we look forward to a long and profitable relationship with Honeywell. This work is in a 15 story state owned building in Alameda and as a company, we are perfectly positioned to receive a lot of additional orders similar to this one over the next 24-36 months.”