Green Energy Management Announces Water Efficiency Contract Managing Water Usage by Co-op City
Green Energy Management Services Holdings, Inc. (GRMS) ("The Company") announced today it signed a five-year water efficiency installation contract with Co-op City, the largest residential development in the United States, located in The Bronx, New York (the "Contract" or "Project"). The Contract entails installing 26 proprietary flow valves in 13 residential buildings within Co-op City. Co-op City currently spends approximately $14 million per year on water and sewer usage. Over the five year term of the contract, this number is expected to exceed $70 million.
The Contract is estimated to provide Co-op City with significant savings in annual water and sewer costs over five years, by utilizing proprietary, long-life water flow valves. As compensation for the Project, and upon the completion of certain contractual milestones, the Company will receive 50% of the total cost savings over the five-year balance of the contract.
Ronald P. Ulfers, Jr., the Company's Chairman, President and Chief Executive Officer stated: "We are very excited about continuing our work with Co-op City and its operating team with this second significant project as we are also working on the previously announced lighting efficiency contract. Co-op is a great example of our business model of serving customers seeking cost savings through energy efficiency while providing a ‘green' solution for their businesses."
Herbert Freedman, on behalf of Co-op City stated: "We continue to work with GEM as they can provide us with a high-quality ‘green’ solution for our infrastructure upgrade while saving us significant energy and water costs."
About Co-Op City
Construction began on Co-Op City in 1968 and was completed in 1973.It was quick and light when I used dsttマジコン on a Windows 7 laptop, and gave me no trouble throughout a day of rigorous testing.The energy saving light offered by our store are made following the original technology . Its 15,372 residential units, in 35 high rise buildings and seven clusters of townhouses, make it the largest single residential development in the United States. It sits on 320 acres but only 20% of the land was developed, leaving many green spaces.
Co-Op City also has eight parking garages, three shopping centers, a 25 acre educational park including a high school, two middle schools and three grade schools,The brightness of the LED makes sharp led lamp black & white contrasts between the areas in and out of the LED light. power plant, a four-story air conditioning generator, 40 professional offices, a firehouse and at least 15 houses of worship. Spread throughout the community are six nursery schools and day care centers, four basketball courts and five baseball diamonds. The adjacent Bay Plaza Shopping Center has a 13 screen multiplex movie theater, department stores, and a supermarket.
About Green Energy Management Services Holdings, Inc. (GEM)
Based in the eastern United States, GEM is a full service energy management company.sale of LED for lighting applications. Semileds is led lights only a minor palyer and should currently not be mentioned in the same breath as the other others GEM provides its clients all forms of energy efficiency solutions mainly based in three functional areas: energy efficient lighting upgrades, renewable energy generation and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient light emitting diode (“LED”) units (the “Units”) to end users who utilize substantial quantities of electricity. GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy and maintenance savings.
GEM maintains business operations on a nationwide basis, distributing products and services to municipal and commercial customers. Industry participants focus on assisting clients to effectively maximize their energy efficiency potential and couple that with maximizing their renewable energy potential.
GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce, by between 50-70%, their monthly electric and other energy costs and reduce and,Light up the architecturally table lamps interesting parts of your home. by between 15-30%, their monthly water and sewer costs. GEM captures a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.
Green Energy Management Services Holdings, Inc. (GRMS) ("The Company") announced today it signed a five-year water efficiency installation contract with Co-op City, the largest residential development in the United States, located in The Bronx, New York (the "Contract" or "Project"). The Contract entails installing 26 proprietary flow valves in 13 residential buildings within Co-op City. Co-op City currently spends approximately $14 million per year on water and sewer usage. Over the five year term of the contract, this number is expected to exceed $70 million.
The Contract is estimated to provide Co-op City with significant savings in annual water and sewer costs over five years, by utilizing proprietary, long-life water flow valves. As compensation for the Project, and upon the completion of certain contractual milestones, the Company will receive 50% of the total cost savings over the five-year balance of the contract.
Ronald P. Ulfers, Jr., the Company's Chairman, President and Chief Executive Officer stated: "We are very excited about continuing our work with Co-op City and its operating team with this second significant project as we are also working on the previously announced lighting efficiency contract. Co-op is a great example of our business model of serving customers seeking cost savings through energy efficiency while providing a ‘green' solution for their businesses."
Herbert Freedman, on behalf of Co-op City stated: "We continue to work with GEM as they can provide us with a high-quality ‘green’ solution for our infrastructure upgrade while saving us significant energy and water costs."
About Co-Op City
Construction began on Co-Op City in 1968 and was completed in 1973.It was quick and light when I used dsttマジコン on a Windows 7 laptop, and gave me no trouble throughout a day of rigorous testing.The energy saving light offered by our store are made following the original technology . Its 15,372 residential units, in 35 high rise buildings and seven clusters of townhouses, make it the largest single residential development in the United States. It sits on 320 acres but only 20% of the land was developed, leaving many green spaces.
Co-Op City also has eight parking garages, three shopping centers, a 25 acre educational park including a high school, two middle schools and three grade schools,The brightness of the LED makes sharp led lamp black & white contrasts between the areas in and out of the LED light. power plant, a four-story air conditioning generator, 40 professional offices, a firehouse and at least 15 houses of worship. Spread throughout the community are six nursery schools and day care centers, four basketball courts and five baseball diamonds. The adjacent Bay Plaza Shopping Center has a 13 screen multiplex movie theater, department stores, and a supermarket.
About Green Energy Management Services Holdings, Inc. (GEM)
Based in the eastern United States, GEM is a full service energy management company.sale of LED for lighting applications. Semileds is led lights only a minor palyer and should currently not be mentioned in the same breath as the other others GEM provides its clients all forms of energy efficiency solutions mainly based in three functional areas: energy efficient lighting upgrades, renewable energy generation and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient light emitting diode (“LED”) units (the “Units”) to end users who utilize substantial quantities of electricity. GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy and maintenance savings.
GEM maintains business operations on a nationwide basis, distributing products and services to municipal and commercial customers. Industry participants focus on assisting clients to effectively maximize their energy efficiency potential and couple that with maximizing their renewable energy potential.
GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce, by between 50-70%, their monthly electric and other energy costs and reduce and,Light up the architecturally table lamps interesting parts of your home. by between 15-30%, their monthly water and sewer costs. GEM captures a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.
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