DAVIS, CA — (Marketwire) — 10/12/11 — Octus, Inc. (PINKSHEETS: OCTI), an innovative California-based resource efficiency company, today announced it has completed a comprehensive energy-saving renovation of the Hallmark Inn, a 134-room boutique hotel in Davis, California and an affiliate member of Worldhotels– First Class Collection.
“The Hallmark Inn made a smart environmental, economic and aesthetic investment,” said Octus CEO Chris Soderquist. “Through Octus–s comprehensive upgrade of their lighting systems, the hotel–s carbon footprint and utility bills will be reduced dramatically, and the experience for hotel patrons will improve significantly. This project exemplifies Octus–s ability to identify and implement energy-saving measures for property owners, including the procurement of project financing and utility rebates.”
The energy-saving renovation involved the replacement of inefficient lighting systems in the parking garage, common areas, conference rooms, stairwells, restaurant, bar and hotel rooms with energy-efficient lighting fixtures, including bi-level fluorescent fixtures, dimmable LEDs, LED exit signs, and occupancy sensors. As a result, annual energy use for the modernized lighting systems will be reduced by 52 percent (an estimated 51,000 kWh), with annual demand savings of 13.6 kW (a 58 percent reduction).
“We were pleased with the results of our work with Octus in our efforts to reduce our energy consumption,” said Reed Youmans, partner, Hallmark Properties. “We have a great new look, lower energy bills and the knowledge we have done something that–s good for the environment. We feel like winners all the way around.”
Financing for the renovation was provided through Pacific Gas and Electric Company–s (PG&E–s) innovative Energy Efficiency Retrofit Loan Program and energy efficiency rebates from PG&E. The financing — a 0 percent interest loan — ensures utility bill neutrality, whereby financing costs are less than or equal to energy savings.
“Obviously, people want and deserve comfort, service, quality, and convenience when they travel,” said Tom Griffiths, vice president of Worldhotels-The Americas. “The fact that Reed Youmans and his team at the Hallmark Inn have taken steps to make sure these things are done well — while being environmentally responsible — is just one of the many reasons the Hallmark is a unique and valuable part of the Worldhotels– portfolio.”
About Octus
Octus, Inc. (PINKSHEETS: OCTI) is a leading resource efficiency company headquartered in Davis, California that significantly reduces the utility costs of commercial, multi-family and institutional buildings through the financing and implementation of energy-efficient lighting, HVAC and water management systems and products. Octus operates three complementary businesses: EfficiencyWorks (energy retrofit projects), RebateWorks (utility rebate procurement), and PACEWorks (clean energy financing). You can learn more about Octus at , and more about PACEWorks at .
About Worldhotels
Worldhotels is an exclusive collection of the world–s most unique independent hotels. Under the banner “Unique Hotels for Unique People,” it now has 450 affiliate properties in 250 destinations and 65 countries worldwide. Visit for reservations or information.
Contact:
Chris Soderquist
Octus
530/564-0200