Mantra Announces LED Lighting Retrofit Demonstration Project for the District of North Vancouver, B.C.
SEATTLE, WA–(Marketwire – Sep 7, 2010) – Mantra Venture Group Ltd. (‘Mantra’) (OTCBB: MVTG) (FRANKFURT: 5MV) is gratified to make known which Climate ESCO Ltd. (CE), a unconditionally owned auxiliary of Mantra, has cumulative a proof plan regulating the brand brand brand brand brand brand brand new LED (Light Emitting Diode) lighting products for the District of North Vancouver.
The agreement is focused on demonstrating the focus of LED interior luminaries for village properties. LED lighting is the many modernized lighting record currently and have been up to 80% some-more fit than illuminated or fluorescent lighting. The District of North Vancouver is penetrating to exam the brand brand brand brand brand brand brand new LED record to yield immature care in their village and magnitude the environmental and costs assets compared with regulating LED (Light Emitting Diode) lighting.
The District is utilizing the Northlands Golf and Country Club for the plan and CE is right away underneath proceed to retrofit the complete bar residence interior lighting system. The proof plan will show how a blurb distance office building can revoke the appetite consumption, upkeep costs and CO footprint by appetite fit LED lighting. While the long-term monetary and environmental benefits of the nation bar have been anticipated, the safety, security, prominence and visible joy of the bar residence will additionally be significantly improved. The District has concluded to occupy an eccentric third-party attention consultant who will guard the project.
Climate ESCO anticipates an eccentric inform to endorse the advantages of regulating LED lighting, together with the economics of retrofitting North Vancouver District properties on a incomparable scale. Completion of the designation is expected by the finish of Sep 2010.
Shawn Kim, CE’s president, commented: “We have been really vehement to be bringing the ultimate in LED lighting to the District of North Vancouver where we design to see absolute reviews. We extol the care shown by the District of North Vancouver for stepping brazen in this tolerable village initiative.”
Larry Kristof, Mantra’s CEO, additionally commented: “Mantra has been committed in LED lighting given the pregnancy since of the intensity to revoke electric appetite demand. The US has estimated which full doing of LED in place of existent illuminated and fluorescent lighting has the intensity to revoke direct by 26%. LED lighting is the singular many in effect proceed to now revoke appetite consumption. The economics from the user’s indicate of perspective have been really attractive: after an primary collateral price of deputy (partly equivalent by incentives from governments and appetite utilities), the user saves afterward on electric appetite and maintenance. The upkeep assets from LED lamps which final 10 to fourteen years in unchanging make use of is substantial. LED lamps beget significantly rebate heat; thus formulating one more assets on air conditioning costs.”
About Climate ESCO Ltd.
Climate ESCO LTD. (CE) is a unconditionally owned auxiliary of Mantra Venture Group Ltd. The Vision of CE is to source out and brand brand brand brand brand brand brand brand new and innovative ways to revoke open and in isolation organizations CO footprint and tellurian climatic impact. CE will grasp this by marker of enhancements or brand brand brand brand brand brand brand new efficiencies in existent technologies or brand brand brand brand brand brand brand new slicing corner solutions. The idea is for CE to be a warden resolution for companies to spin to for saving electric appetite and regulating brand brand brand brand brand brand brand new technologies to revoke appetite expenditure whilst dwindling expenditures over time. Climate ESCO is dedicated to yield the most appropriate accessible products with the most appropriate economics which will additionally concede environmental shortcoming and by organisation with CE companies will legitimize their joining to immature technologies.
LED (Light Emitting Diode) is the initial record adopted by Climate ESCO since of the conspicuous intensity to revoke direct for electrify. CE has sought and cumulative attribute with heading manufactures from around the globe.
About Mantra Venture Group Ltd.
Mantra owns a portfolio of companies focused on tolerable energy, CO rebate and consumer product subsidiaries. Mantra’s goal is to be a personality in the immature record marketplace regulating an innovative, multi-faceted proceed focused on profitability by sustainability. By aggressively looking out brand brand brand brand brand brand brand new technologies and innovating solutions for a cleanser earth, Mantra intends to yield a rarely essential and environmentally obliged investment for the shareholders.
Forward-Looking Statements:
Except for the chronological report contained herein, the counts discussed in this press recover have been forward-looking statements. Actual formula might talk about materially from those described in forward-looking statements and have been theme to risks and uncertainties. See Mantra Venture Group’s filings with the Securities and Exchange Commission which brand specific factors which might means tangible formula or events to talk about materially from those described in the forward-looking statements.
