Octus Energy Announces Joint Venture With Quantum Energy Solutions to Accelerate Commercialization of OctusSEP

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Mon Oct 5, 2009 9:25am EDT

  DAVIS, CA, Oct 05 (MARKET WIRE) -- 
Octus Energy (OTCBB: OCTI), a smart energy management company, today
announced a non-exclusive joint venture with Quantum Energy Solutions, a
leading energy management company, to commercialize Octus's proprietary
Smart Energy Platform (OctusSEP). In addition, Octus and Quantum will
collaboratively pursue a deep pipeline of energy-efficiency and
alternative energy projects.

    "Quantum and its principals are industry pioneers with a rich history of
successfully deploying energy efficiency projects throughout North
America," said Chris Soderquist, Octus CEO. "Over the past 35 years they
have managed more than $100 million in energy projects for several hundred
clients including Safeway, Bank of America, Sears, Hewlett-Packard and
Chevron. This partnership significantly and immediately expands Octus's
product distribution and implementation of smart energy solutions."

    Founded in 1974, Quantum was one of the first energy management companies
in the United States to specialize in energy conservation. Quantum has a
pipeline in excess of $8 million in smart energy proposals, including
energy-efficiency retrofits, alternative energy projects, and energy
management engagements. Octus and Quantum will jointly pursue development
of the existing pipeline, in addition to introducing the OctusSEP to
Quantum's past and present clients.

    "We have witnessed, firsthand, the evolution of the energy-efficiency
industry," said Quantum President Jim Collins. "While technologies and
systems have matured, the industry's laborious retrofit practice has
remained static. Octus's approach to automate and streamline energy
efficiency through OctusSEP is novel and pragmatic, filling an unmet need
in an industry that is just starting to experience explosive growth. We
look forward to collaborating with Octus to capitalize the opportunity."

    About Octus

    Octus Energy (OTCBB: OCTI) is a smart energy management company
headquartered in Davis, California. Octus develops, markets and sells
energy-efficient lighting and cooling solutions through OctusSEP (Smart
Energy Platform), a turnkey, automated energy savings and management
program targeting a $40 billion U.S. market. Commercialization of OctusSEP
is propelled through affiliations with leading energy institutions,
including the California Lighting Technology Center and the Western
Cooling Efficiency Center.

    About Quantum

    Quantum Energy Solutions, Inc., is a leading energy management company
with offices in California and Washington. The company's principals have
executed more than $100 million in energy projects for clients including
ARCO, Bank of America, Blockbuster, Chevron, Delta Airlines, Frito Lay,
Hewlett-Packard, Home Depot, Ikea, Nabisco, Pepsi, Petco, Safeway, Sears,
Siemens, and University of California.

    

Contact:
Chris Soderquist
Octus
Email Contact
530/564-0200
http://octusenergy.com

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