Today our Profile Stock Intelligent Highway Solutions (IHSI) is up as much as 278%.
- In the last minutes of the trading day, the stock is trading up 96%
- Volume is over 53 million shares which is more than 20 times the volume average.
Latest News for IHSI:
Intelligent Highway Solutions Announces Completion of Purchase Order from Tech Giant Honeywell
SACRAMENTO, Calif., July 23, 2015 — Intelligent Highway Solutions, Inc. (OTCQB: IHSI), announced it has completed a significant purchase order from Honeywell for the installation of a temperature control system and associated sensors in a state owned office building in Alameda, California. The total orders represented approximately $1,000,000 in revenues for Intelligent Highway Solutions. 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 goal of the California Title 24 Energy Standards is to reduce energy use. Commercial buildings are one of the major contributors to the energy demand within the state. Since the California Energy Crisis of the 2000/2001 time frame, one of the major initiatives of the State of California has been to reduce energy demand. In the State of California, there are over 365 state-owned office buildings. Each one of the 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 are integral to an efficient building control system which ultimately saves energy and financial resources for the state.
In December 2013, Intelligent Highway Solutions signed a vendor agreement with Honeywell. This purchase order was released in four phases and completed on schedule and on budget.
Devon Jones, Chief Executive Officer of Intelligent Highway Solutions stated, “We completed the work on time and within the budget, we look forward to a long and profitable relationship with Honeywell.”
About Intelligent Highway Solutions, Inc.
Intelligent Highway Solutions, Inc. was formed in April, 2011. IHSI is a technology based intelligent highway solutions contractor. The Company’s primary 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 state’s transportation infrastructure. The Company’s plans are to expand its services to provide cutting edge wireless technologies for the 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.