Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
HONG KONG -- (MARKET WIRE) -- 10/05/06 -- Global Innovative Systems Inc. (OTCBB: GBSY)
announced today updates on several business development activities underway
in Hong Kong, Macau and mainland China for its energy savings products.
In Hong Kong, Global Innovative, through a wholly owned subsidiary, has
completed a pilot program which involved the installation of T5 lighting
systems for the New World Centre. T5 lighting is a high-output fluorescent
lighting system which enhances energy efficiency up to 50% while providing
illumination levels equivalent to or greater than conventional lighting
systems. Use of this product also improves the quality of emitted light by
reducing glare and by enhancing color appearance and rendition. Global
Innovative's T5 product design also includes impact-resistant lighting
tubes and electronic ballasts, which enhance the lifespan of the system in
comparison to conventional lighting systems. Compared to the existing T8
lighting used previously by the client, the T5 lighting system achieved an
energy savings rate of 35%. Based on these results, Global Innovative's
subsidiary received an initial purchase order for T5 lighting systems, with
additional orders expected in the future. The New World Centre has a gross
floor area of 2.5 million square feet and includes the 6-level New World
Shopping Centre, 2 office towers, a 518-room apartment tower, a 543-room
hotel and a 1,800 car park facility.
In mainland China, Global Innovative, through wholly owned subsidiaries,
has completed a pilot test involving the installation of 600 units of T5
lighting in the Guangzhou office of i-CABLE Communications Limited. Global
Innovative anticipates potential contracts for T5 lighting systems for
i-CABLE's offices in mainland China and Hong Kong if the pilot program
results are satisfactory to the client. In addition, Global Innovative has
been invited by i-CABLE to improve the indoor air quality of i-CABLE's
office buildings through the potential installation of DryKor
Dehumidification systems, a product distributed by Global Innovative which
improves indoor air quality by simultaneously dehumidifying and cooling
air. Use of the DryKor system enables customers to attain targeted
temperature and humidity levels more quickly than conventional air
conditioning systems, and to lower the overall electricity usage and energy
costs of a client's air conditioning system. DryKor products can be
installed either alongside conventional air conditioning units or as an
alternative to them. i-CABLE Communications Limited, based in Hong Kong,
provides pay-television programming, cable, Internet and multimedia
services.
In Macau, Global Innovative's subsidiary participated in the 11th Macau
International Trade and Investment Fair (MIF) from September 23-26, 2006.
The MIF is Macau's largest international integrated exposition offering
opportunities for trade promotion, product display, commercial partnering
and sales promotion. Over the years, it has played an active role in
attracting overseas investment, expanding imports and exports and
facilitating trade and business co-operation. During the exhibition, which
attracted approximately 60,000 visitors from 47 countries, Global
Innovative's subsidiary received over 200 enquiries and leads from
corporate and government entities from Macau and mainland China. The
majority of potential clients expressed interest in Global Innovative's
energy saving T5 lighting systems, and its proprietary Eco-Pro Energy Saver
(TM) system.
"Global Innovative and its subsidiaries' initiatives continue to develop
new sales opportunities within our primary market areas of Hong Kong, Macao
and mainland China for our advanced energy saving products, including T5
lighting systems," said Bondy Tan, President and CEO of Global Innovative.
"Given the energy shortages prevalent in these regions, the demand for
energy savings products remains robust. These and other business
development initiatives we are undertaking continue to feed new clients and
new sales contracts into our sales pipeline. We look forward to continuing
our aggressive sales development efforts, and to delivering upon new
contracts realized through these efforts."
About Global Innovative
Global Innovative Systems Inc. (OTCBB: GBSY) delivers customized energy
management solutions, lighting products, innovative lighting solutions and
construction services. Since 1999, over 100 commercial, industrial,
government and multi-residential clients have benefited from Global
Innovative's solutions. Through wholly owned subsidiary Tech Team Holdings
Limited, Global Innovative provides total energy management products and
solutions which optimize energy consumption, lower costs, and enhance
competitiveness for clients. Through subsidiary Beijing Illumination (Hong
Kong) Limited, Global Innovative manufactures and sells HID (High-Intensity
Discharge) lighting products and Ultra High-Pressure Mercury Lamps. Through
joint venture subsidiary Lightscape Technologies (Macau) Ltd., Global
Innovative provides full service lighting design solutions including
interior set design and fabrication, computer-controlled special effects,
intelligent lighting, laser and multimedia technologies. Through joint
venture subsidiary Pro Shing Construction Team Macau Limited, Global
Innovative provides a comprehensive range of design and build services for
major development projects, including site foundation construction,
building construction and fitting-out work. Our headquarters are in Hong
Kong, and we have offices in Singapore, China, Macau and Canada.
Safe Harbor Provision
The Private Securities Litigation Reform Act of 1995 provides a "Safe
Harbor" for forward-looking statements. This Press Release may contain, in
addition to historical information, 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 identified by their use of terms and phrases
such as "believe," "expect," "plan," "anticipate" and similar expressions
identifying forward-looking statements. Investors should not rely on
forward-looking statements because they are subject to a variety of risks,
uncertainties and other factors that could cause actual results to differ
materially from Global Innovative's expectations, and Global Innovative
expressly does not undertake any duty to update forward-looking statements.
These factors include, but are not limited to, Global Innovative's and its
subsidiaries' ability to secure additional T5 lighting product orders from
the New World Centre; Global Innovative's and its subsidiaries' ability to
achieve results satisfactory to the client from the pilot test program with
i-CABLE Communications Limited; Global Innovative's and its subsidiaries'
ability to secure T5 lighting product orders from i-CABLE Communications
Limited; Global Innovative's and its subsidiaries' ability to secure orders
for its distributed DryKor Dehumidifiaction system from i-CABLE
Communications Limited; Global Innovative's and its subsidiaries' ability
to secure orders from sales leads developed at the MIF; Global Innovative's
and its subsidiaries' ability to secure sufficient working capital in order
to manufacture and deliver equipment that may be ordered through new sales
contracts; Global Innovative's and its subsidiaries' ability to collect
payments receivable under sales contracts that may be signed; and other
factors which may cause the actual results, performance or achievements of
Global Innovative to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Information concerning potential factors that could affect the
company is detailed from time to time in the company's reports filed with
the Securities and Exchange Commission.
Distributed by Filing Services Canada and retransmitted by Market Wire
For more information, please contact:
Global Innovative Systems Inc.
Website: www.gistt.com
Email: Email Contact