FinancialBuzz.com: Energy Management Market Influenced by Regulatory Changes

NEW YORK, February 7, 2017 /PRNewswire/ --

According to a recent research report by Global Market Insights, Inc. the Energy Management System Market size is projected to reach $38 billion by 2024. Major drivers for the growth of the sector are strict building codes and standards encouraged by governments and the increasing demand for clean energy as well as energy conservation. According to the research the U.S., standard 90.1 has been adopted to provide minimum requirements for energy efficient commercial building construction and design. Canada has adopted ISO 50001 to provide structured framework to organization towards energy efficiency. It also helps to reduce energy cost and other adverse environmental impacts. Premier Holding Corporation (OTC: PRHL), Orion Energy Systems Inc. (NASDAQ: OESX), TCP International Holdings Ltd (OTC: TCPIF), LightPath Technologies Inc. (NASDAQ: LPTH), NexOptic Technology Corporation (OTC: NXOPF)

The research report indicates that, "geopolitical measures to reduce the reduce emissions, with growing demand for clean and reliable power will propel energy management system market share. EU has introduced Energy Performance of Buildings (EPBD 2002/91/EC) directive with the prime objective to promote cost effective improvement to enhance the overall building efficiency. Regional government is also planning to convert the existing and new buildings into zero energy from 2020. These measures to curb the carbon footprints is predicted to drive the energy management system market. Germany energy management system market share contributed over 25% of regional revenue share in 2015."

Premier Holding Corporation (OTCQB: PRHL) mission is to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated and utilize the overall economics of such products and services for the benefit of its customers. Through subsidiaries we offer renewable energy production, energy efficiency products and services to commercial middle-market companies, Fortune 500 brands, developers and management companies of large-scale residential developments. Additional integrated business offerings include direct energy services as power purchase agreements (PPAs), energy financing and leasing of generation programs in urban and rural real estate environments, lighting efficiency systems and refrigeration systems.

Premier Holding Corporation earlier today announced that, "its Sales Operations for Deregulated Power has broken another record for sales. This time, its call centers experienced a 60% increase from 2015 to 2016.

This dramatic improvement is the result of a concerted effort in quality control, message scripting, and third-party verification. All of these improved strategies were implemented so that they can be incorporated into the Energy Services Portal (ESP) with the intent to launch the web-based technology nationally later this year. In 2015 the company sold 15,625 residential contracts through its call centers. In 2016, by the use of ESP and as these improvements were implemented, this number increased to 25,010. This success was better than predicted and indicates that the company is on the right path to optimize the call center sales method.

It is anticipated that call center operations will be the primary means for generating sales for the company's new energy supplier, American Illuminating Company (AIC) which recently received FERC approval. The company will be making a more detailed announcement in the near future with regard to the positive impact that its call center operations should have on the company's performance.

Chairman and CEO of Premier, Randall Letcavage, said: "This improvement to our call center operations is a key element to our overall strategy of launching our energy supplier later this year. The call center method of enhancing revenue has been successfully implemented in pursuit of our goals, as has the recent approval from FERC to operate the new energy supplier."

Orion Energy Systems Inc. (NASDAQ: OESX) is a designer and manufacturer of high-performance, energy-efficient retrofit lighting platforms. Orion's technology can be found in its own lighting products and products offered by Orion's commercial partners. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services. The Company operates through three segments: Orion U.S. Markets Division, Orion Engineered Systems Division and Distribution Services Division.

Vertically integrated global manufacturer, distributor, and integrator of proprietary optical and infrared components and high-level assemblies, LightPath Technologies Inc. (NASDAQ: LPTH), ended 2016 with the acquisition of ISP Optics Corporation for a purchase price of $18 million, subject to post-closing adjustments, of which $12 million was paid in cash with the balance in the form of five-year subordinated notes issued to the sellers. "We are excited to have consummated the acquisition of ISP Optics Corporation as planned and welcome ISP employees to the expanding global LightPath team. This transformative acquisition was made possible through a fully subscribed underwritten public offering of common stock. The offering successfully attracted to the Company numerous high quality institutional investors, in addition to personal investments from members of our executive management team and Board of Directors. The combination of LightPath and ISP positions us for continued growth with greater scale and scope to offer a comprehensive platform of visible and infrared solutions," said President and Chief Executive Officer of LightPath, Jim Gaynor.

NexOptic Technology Corporation (OTCQB: NXOPF) acquired 100 percent of Spectrum Optix, which are two companies driven to enhance and facilitate individuals ability to see the world. NexOptic is working on cutting edge developments in the field of optics and lenses that hold the potential to transform various industries and products including: cameras, telescopes, mobile devices, binoculars, computer imaging, certain medical imaging devices, gaming and more.

TCP International Holdings Ltd (OTC: TCPIF) is a provider of light-emitting diode and compact fluorescent lamp lighting technologies. The Company designs, develops, manufactures and delivers lamps, fixtures and Internet-based lighting control solutions. Its portfolio of LED and CFLs, fixtures and Internet-based lighting solutions are offered through retail and consumer and industrial distributors throughout the United States, Canada, Asia, Latin America and Europe/Middle East/Africa.

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