Largest Third-Party Central American Logistics Firm Enables Eco-Shift to Showcase New Installations
GUELPH, ON–(Marketwired – Feb 19, 2016) – Eco-Shift Power Corp. (OTC PINK: ECOP), a global producer of advanced LED lighting products, today announced it has been awarded a new LED lighting contract to provide Farmazona Logistics SA with Eco-Shift’s proprietary LED High Bay lighting fixtures for an additional warehouse within Farmazona’ s complex of warehouses in Colon, Panama.
This is the first, preliminary order of an LED retrofit initiative which Farmazona is currently implementing to roll out LED to more of its facilities under management.
Additionally, the companies have agreed that Eco-Shift will be able to use the new installation to showcase its technology to new and prospective customers in the region.
For nearly 50 years, Colon, Panama-based Farmazona is the largest third-party logistics operator in Central America and the Caribbean. It is headquartered in one of the world’s key points of commerce in the Panama Canal Free (trade) Zone, Colon, Republic of Panama. Its clients are diversified across a variety of industries including pharmaceutical, high-tech, automotive and agrochemical.
Farmazona manages over 315,000 square feet of storage warehouses and distribution facilities across the region, of which the majority use conventional lighting. To date, Eco-Shift remains Farmazona’s largest provider of LED lighting solutions.
In 2014, Farmazona contracted Eco-Shift to supply an initial LED high-bay retrofit project for a 20,000 square-foot warehouse so it could see, first hand, the many benefits of Eco-Shift’s high-efficiency LED lighting. Having experienced the robust annual cost reduction of over 40 percent in lighting energy, the improved lighting quality along with substantial savings in lighting maintenance, Farmazona is now turning to Eco-Shift for its LED lighting requirements.
The experts at Eco-Shift, together with Mbrace Energy Corp., the Company’s Central American installation partner, will be delivering a turnkey solution that manages all aspects of lighting retrofit projects from lighting audits to product sourcing to installation. Ongoing maintenance, servicing, and full back-office support are added benefits available to clients.
Commenting on the new contract, and closer collaborative ties with Eco-Shift in the region, Mr. Giovanni Ferrari, President of Farmazona Logistics, said, “We at Farmazona strive for and deliver high-quality logistic storage facilities. Our initial product purchase from Eco-Shift has proven to be exceptional. It has truly made our facility far more efficient in terms of overall power cost, produced a better work environment for our personnel with technology that lives up to our highest expectations. We look forward to working with Eco-Shift for our growing LED retrofit requirements.”
“Seeing is believing. Once you experience the benefits, and the lighting itself, our products practically sell themselves,” said Alistair Haughton, Eco-Shift CEO. “Farmazona is committed to providing the highest level of logistical and warehousing support thought the Caribbean and Central America, and we see it as our job to ensure they can execute in a safe, energy efficient environment. Farmazona is an important client and we’re thrilled to be working together to take this relationship to the next level.
“Farmazona warehouses are massive, and facility management is the ideal industry to showcase our High Bay systems’ ability to deliver on quality, simplicity, price, efficiency, up-to-the-second control and longevity,” Mr. Haughton added. “With the winning combination of quality, innovation — and the backing of our 10-year warranty program — we deliver the superior, high ROI and strong LED lighting value to Farmazona and other facilities in the region in 2016 and beyond.”
About Eco-Shift Power Corp.
Headquartered in Guelph, Ontario, with affiliate and distributor offices strategically located in key markets California, Florida, Auckland NZ, and Scotland, Eco-Shift Power Corp. is a contract manufacturer of advanced, high-efficiency lighting products and components designed for state-of-the-art energy management systems and cloud-based software platforms. It has strong relationships with a growing worldwide customer base composed primarily of major OEM/ODM lighting designers and distributors. Please visit us at www.eco-shiftpower.com
This news release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Eco-Shift’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the highly competitive nature of lighting industry sales and distribution, (ii) development and protection of our key OEM/ODM and distribution partnerships, (iii) unexpected industry technological development. More detailed information about Eco-Shift and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. Eco-Shift assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.