QualityStocks News - Intelligent Highway Solutions (IHSI) Receives Energy Reduction Technology Order from Honeywell

QualityStocks would like to highlight Intelligent Highway Solutions (OTCQB: IHSI). The company provides transportation technology services that enable vehicles, roads, traffic lights, message signs, and other elements to become "intelligent" by embedding them with microchips and sensors and by empowering them to communicate with each other via wireless technologies. The acceleration of data collection and communication allows state governments to improve transportation system performance by reducing congestion and increasing both traveler safety and convenience.

In the company’s news,

Intelligent Highway Solutions says 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, Calif. In addition to today’s purchase order, three other purchase orders are expected within the course of the calendar year, with aggregate revenues of approximately $1 million for Intelligent Highway Solutions. This purchase order is expected to be completed in the next 9 to12 months.

Commercial buildings are one of the major contributors to the energy demand within the State of California. The company notes that the office building is one of many office buildings in the state that are expected to install new systems to be in compliance with the California Title 24 Energy Standards to reduce energy demand. Each of the 365 state-owned 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.

Installed temperature control system and associated sensors are integral to an efficient building control system that ultimately saves energy and financial resources for the state.

“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,” Intelligent Highway Solutions CEO Devon Jones stated in the news release.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.