Octus agrees to acquire Quantum Energy Solutions

Davis, Calif., May 18, 2010 — Octus, Inc., a smart energy efficiency company, agreed to acquire privately held Quantum Energy Solutions, Inc., a pioneer in energy efficiency project development and smart energy product commercialization.

Founded in 1974, Quantum was one of the first energy management companies in the U.S. to specialize in energy efficiency.

“Over the past three decades Quantum has helped evolve the energy-efficiency industry,” said Quantum President Jim Collins. “Octus’s project development approach — including integration of innovative energy efficiency technologies and organization of creative project financing — fills an unmet and rapidly expanding opportunity in the commercial building market space. In addition, we look forward to marketing the Octus Smart Energy Platform to Quantum’s client base. The time to act is now, and together we are well poised to capitalize opportunities.”

Octus is a smart energy management company that reduces energy costs for commercial and institutional building by 50 percent or more through energy-efficient lighting, HVAC and energy management systems.

Octus makes buildings smart and efficient through its proprietary Smart Energy Platform (OctusSEP) — a portfolio of smart devices, sensors, network appliances and software-enabled energy management services.

The company’s energy management software, Octus SmartPortal, enables building owners and managers to command, control and monitor energy use in real time, from any device. In addition, the company develops energy projects through the implementation and financing of energy-efficient lighting, mechanical and energy management measures. Octus was founded in 1983 and is headquartered in Davis, California.

 

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