GIBSS Wins India Innovation Award From Department of Science and Technology, Government of India

MUMBAI, May 30, 2014 /PRNewswire/ --

GIBSS, a pioneer in geothermal air conditioning technology, has been declared the winner of the India Innovation Award instituted by Department of Science & Technology - Lockheed Martin under the India Innovation Growth Programme. The award received a record 1300 applications from diverse sectors across the country such as clean technology, healthcare, textiles, agriculture, defence and food processing.

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Receiving the award, Mr Arun Shenoy, Executive Director Business Operations, GIBSS said, "We are truly humbled by this honour. Such an award motivates technology entrepreneurs like us to continuously innovate and offer solutions that can make a substantial difference to the society at large. The geothermal cooling innovation can reduce air conditioning operating costs by up to 70% for building owners."

Underlining the programme commitment to enhance the growth and development of India's entrepreneurial economy, The DST-Lockheed Martin India Innovation Growth Programme organized pan-India roadshows conducted in 20 cities including Jaipur, Goa, Ahmedabad, Guwahati, Indore, Patna, Ranchi, Chennai, Bangalore, Chandigarh, Mumbai, Pune, Vadodara, Delhi, Kolkata, Bhubaneshwar, Hyderabad, Nagpur, Srinagar and Cochin with an aim to scout the best innovations from the country.

About GIBSS (Green India Building Systems and Services)

GIBSS, a zero net energy building systems company, helps businesses reduce costs and raise productivity through compelling 'triple bottom line' energy efficiency products and solutions in their buildings. With its zero initial investment or Pay from Savings model and performance bank guarantees, GIBSS has made state-of-the-art technologies commercially viable to its clients. GIBSS portfolio of geothermal cooling systems, hot water co-generation systems, lighting and indoor air quality systems reduces operating costs in buildings by 60-80%. It has generated remarkable interest among building owners and operators and is set to become a game changer in the building systems space. For more information, visit www.gibss.in.

Media Contact: Ramdas Shenoy, [email protected], +91-8097016041, VP Marketing, Green India Building Systems and Services Pvt Ltd