SACRAMENTO, Calif., April 4, 2014 (GLOBE NEWSWIRE) -- Intelligent Highway Solutions, Inc. (OTCQB:IHSI), announced it has made significant progress in the completion of the previously announced Honeywell contract. The company announced on March 19th of this year that the work from the contract would be completed within 9-12 months. The new completion date is estimated to be September 2014.
The company began the work at the office building on March 17, 2014 and there are currently 5 employees at the job site. Intelligent Highway expects to increase the number of employees to as many as 10 as the number of activities at the job site increases over the next few months. This office building is one of many office buildings in the State of California that are expected to install new systems to be in compliance with the California Title 24 Energy Standards.
The main goal of this job is the installation of an efficient temperature control system in a 15 story building. One heating system or cooling system is relatively easy to maintain, but when you have a large heating system with many zones, exhaust fans, ventilation ducts all wired into your building, it's important to install a central control system so you can easily access and adjust the operation of the system from anywhere.
Each one of the state-owned office buildings is mandated by law to be in compliance with Title 24 which was created in 1978 by the California Building Standards Commission in a legislative mandate to reduce California's energy consumption. The installed temperature control system and associated sensors related to the Honeywell job are integral to an efficient building control system which ultimately saves energy and financial resources for the state.
Devon Jones, Chief Executive Officer of Intelligent Highway Solutions stated, "We are thrilled to be able to report this progress to our investors. We expect to be able to update the marketplace on more positive developments over the next few weeks."
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and performance materials. Honeywell Scanning & Mobility (HSM) is part of the Automation and Control Solutions (ACS) business group of Honeywell. HSM is a leading manufacturer of high-performance image- and laser-based data collection hardware, including rugged mobile computers and bar code scanners. With one of the broadest product portfolios in the automatic identification and data collection industry, HSM provides data collection hardware for retail, healthcare, and transportation and logistics companies seeking to improve operations and enhance customer service. Additionally, HSM provides advanced software; service and professional solutions that help customers effectively manage data and assets. HSM products are sold worldwide through a network of distributor and reseller partners. For more information on Honeywell Scanning & Mobility, please visit www.honeywellaidc.com.
About Intelligent Highway Solutions, Inc.
Intelligent Highway Solutions, Inc. was formed in April, 2011; IHS is a technology based intelligent highway solutions contractor. The Company's primarily focus is in the California transportation market providing services that range from providing labor, materials, and related equipment for corrective service and maintenance services for the States transportation infrastructure. The Company's plans are to expand its services to provide cutting edge wireless technologies for transportation market. As well as expand our service, maintenance and technology services to neighboring states and nationwide.
Forward Looking Statements: Any statements contained herein that are not historical facts are 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 made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.