Business
In Ovations Holdings, Inc. Announces Proprietary Technology Solution for USD $85 Billion Global Lighting Market as Forecasted by McKinsey & Company
In Ovations Holdings, Inc. Announces Proprietary Technology Solution for USD $85 Billion Global Lighting Market as Forecasted by McKinsey & Company.
About this update from In Ovations Holdings Inc
[{"type":"text","content":"\n \n \n In Ovations Holdings, Inc. Announces Proprietary Technology Solution for USD $85 Billion Global Lighting Market as Forecasted by McKinsey & Company\n \n \nIn Ovations Holdings, Inc. Announces Proprietary Technology Solution for USD $85 Billion Global Lighting Market as Forecasted by McKinsey & Company\n \n DORAL, FL--(Marketwired - Jan 13, 2014) -  In Ovations Holdings, Inc. (OTC Pink: INOH) today announced further details regarding the recent launch of its new Energy Services Company (ESCO), Electro Verde, Inc. The ESCO is a wholly owned subsidiary of In Ovations Holdings, Inc. selling proprietary products and services into the global industrial lighting market that reduce both electricity consumption and carbon emissions. \n In Ovations, Inc. previously announced a partnership with Coordinated Systems International (CSI). The CSI partnership is central to In Ovation's objective to achieve substantial sales within the next year.\n CSI owns a patent on a proprietary technology to reduce electric power consumption. CSI in partnership with a Fortune 500 company offers the GradiLux Total Lighting System Solution. In Ovations Holdings, Inc. has entered into an exclusive reseller agreement with CSI to sell the GradiLux Total Lighting System Solution in South America. In Ovations Holdings, Inc. can also resell the GradiLux Total Lighting System Solution globally on a non-exclusive basis.\n Targeting sales on global cities with in excess of 100,000 outdoor streetlights, the typical GradiLux Total Lighting Solution sale is anticipated to exceed $100 million. The GradiLux Total Lighting Solution is designed to achieve a three-year return on investment or better for the implementing city.\n McKinsey and Company anticipate the global lighting market to reach USD $85 billion by 2016 in a research report on the global lighting market published in 2011 and subsequently updated in 2012: http://bit.ly/McKinsey_Global_Lighting_Report\n CSI has already implemented two pilots now in place for over one year with results that include a 40% reduction in electric power consumption and a corresponding 40% reduction in carbon emissions. The documented pilot results are anticipated to lay the groundwork for substantial sales beginning in 2014. \n To learn more about the GradiLux Total Lighting...