Intelligent Highway Solutions Inc (OTCMKTS:IHSI) reported it completed a purchase order from Honeywell. It was related with the setting up of a temperature control system and related sensors in an office building in Alameda. The total orders represent nearly $1 million in revenues for the company. This office building comes in the list of many office buildings in California that intends to install new systems so as to meet the California Title 24 Energy Standards.
Intelligent reported that the objective of the established California “Title 24” Energy Standards is to mitigate energy use. The commercial buildings are leading contributors to the energy demand in California. Since the Energy Crisis of the 2000-2001 in the state, one of the major measures of the government has been to cut down on energy demand.
In the state, there are more than 365 government-owned state buildings. Each one of them is commanded by law to be in compliance with standards of Title 24 which were established in 1978 by the state’s California Building Standards Commission. They were highlighted in a legislative mandate to minimize energy consumption in California. The established temperature control system and related sensors are vital to develop an efficient control system in buildings which not only saves energy but also financial resources for the state.
In December 2013, Intelligent Highway finalized a vendor deal with Honeywell. This order is completed in four phases and within the defined schedule and budget. Devon Jones, the Chief Executive Officer said that they finished the work within the defined time and planned budget. They look forward to a profitable and long relationship with Honeywell. Intelligent Highway is a technology based advanced highway solutions contractor.
Intelligent Highway Solutions Inc (OTCMKTS:IHSI) nearly doubled yesterday as it finished the last trading session with a huge gain of 96%. The volume of 58 million was commensurate enough with the price action as it was more than 8 times higher than the daily average of 6.6 million. The stock has been in the grip of bears for a long time now and this was the second attempt this year to reverse the trend. Some buying is seen at the lower levels as the area around $0.0020 has been pushing the price up but the bulls must have a break above $0.01 for a serious challenge.