INTELLIGENT HIGHWAY SOLUTIONS SIGNS LETTER OF INTENT TO PROVE TECHNOLOGY TO RECYCLE WASTED ELECTRICITY, SOLVING MULTI-BILLION...
25 July 2017 - 3:07AM
InvestorsHub NewsWire
INTELLIGENT HIGHWAY SOLUTIONS SIGNS LETTER OF
INTENT TO PROVE TECHNOLOGY TO RECYCLE WASTED ELECTRICITY, SOLVING
MULTI-BILLION DOLLAR PROBLEM IN UTILITY
INDUSTRY
SACRAMENTO, CA -- July 24, 2017 -- InvestorsHub
NewsWire -- Intelligent Highway Solutions, Inc. (OTC:
BB IHSI) is pleased to announce it has signed a letter of
intent with Fazync, LLC. IHSI will provide the resources to
manufacture and install Fazync’s new state of the art Phase Angle
Synchronization (PAS) equipment which for the first time will allow
electric utilities to recycle wasted
electricity.
"This has been a multi-billion dollar problem
that has plagued the utility industry for years," said Devon Jones,
Intelligent Highway Solutions CEO. "The group or organization
that solves this problem will automatically become a very lucrative
business and we see this as an integral part of IHSI's future
business plans. We will beta test five sites and each site
should save the local utility 30% to 40% in energy. It is estimated
in California alone that there are approximately 60,000 potential
customers that fit into the rate structure that would qualify them
as potential sites for the technology.”
It is estimated that 40 percent of all
electricity that is generated is lost. If Fazync's product
works as anticipated that will allow electricity lost at commercial
facilities and industrial plants to be saved and utilized. This
allows a utility to combat line congestion, improve low reserve
margins, and reduce the number of expensive power outages that is
estimated at $150 billion dollars per
year.
The Phase Angle Synchronization system improves
the efficiency in the delivery of electricity. The PAS system
will extend the life of the electric grid, protect it from
excessive wear and damage, and reduce the number of outage
incidences. The five test sites in California will allow the two
companies to show electric utilities how this breakthrough product
can greatly benefit that industry.
About Intelligent Highway Solutions,
Inc.
Intelligent Highway Solutions, Inc. was
formed in April 2011. IHSI provides technology driven solutions for
commercial, industrial, and municipal facilities, from
full-turn-key general contracting to LED lighting retrofits, HVAC
and temperature control upgrades, to solar renewable energy
systems, working with commercial developers, government and
transportations sectors. With the addition of Cresent Construction,
North Carolina, IHSI is a full-service general contractor providing
design, installation and construction management
services.
Forward Looking
Statements:
Any statements contained herein that are not historical facts are
"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. These forward-looking
statements are made subject to certain risks and uncertainties,
which could cause actual results to differ materially from those
presented. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only to the date such
information was released. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after release of this
information.
Contact: Paul
Knopick
pknopick@eandecommunications.com
940.262.3584