MIAMI - Onteco Corporation (OTC.QB: ONTC), (the "Company", or "Onteco"), announced today that its subsidiary, NexPhase Lighting, Inc. ("NexPhase"), a designer, developer and manufacturer of high efficiency, high quality LED intelligent lighting fixtures, has completed the delivery of product for the Othmer Hall Project.
Dror Svorai, CEO of Onteco, stated, " We have successfully completed the delivery of product for the Othmer Hall Project. We are happy to report that this installation of NexPhase LED product is performing well and is saving our customer over 80% of their lighting energy costs in the facility while improving their lighting performance dramatically. Othmer Hall was a perfect application for our LED product and these types of installations further substantiate why LED is gaining traction in the lighting marketplace and continuing to undergo rapid deployment. Our sales strategy is to continue implement a proactive selling strategy. Please go to the following link to learn more about this project. Please see bullet point five in particular. http://archive.poly.edu/_email_assets/ct-update-sep2011/CT-Update.html
About Onteco Corporation
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing us today. Additionally, these solutions must show promise of generating significant, ongoing profits for the company. The company determined that one industry that meets these criteria is the Energy Saving Lighting Industry, and as a result acquired NexPhase Lighting, Inc., in February 2011.
Additional information about Onteco Corporation is available at: www.Onteco.com
About NexPhase Lighting, Inc.
NexPhase Lighting, Inc. is a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. It believes its products will be the lowest cost, highest efficacy fixtures available in the LED Lighting Industry. All NexPhase lighting products incorporate its proprietary "NexSense Technology(TM)", which provides benefits well beyond the generally acknowledged advantages of all other LED lighting fixtures. NexSense control systems use a unique, "patent pending' wireless protocol, which provides for an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduced maintenance and ongoing operation costs.
For more information about NexPhase Lighting, Inc. visit: www.nexphaselighting.com
CONTACT: Onteco Corporation
Dror Svorai, President, (305) 932-9795
SOURCE Onteco Corporation
Web Site: www.Onteco.com