Onteco Corp. (ONTC) is “One to Watch”
Onteco Corp. is focused on developing innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing the world today. The company’s business strategy is to identify opportunities that promise rapid revenue generation and offer sustainable competitive advantages in the areas of alternative energy generation and energy savings.
Earlier this year, Onteco acquired NexPhase Lighting, Inc., a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. Leveraging proprietary NexSense Technology, the company’s superior products provide benefits well beyond the general advantages associated with LED lighting.
The control systems employed in NexPhase’s products use a unique, patent pending wireless protocol that enables an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduces maintenance and ongoing operation costs. Validated by an independent appraisal report, Onteco anticipates generating a substantial revenue stream within a relatively short period of time with this unique technology.
LED fixtures provide as many as 60,000 hours of maintenance free lighting while using half the energy of standard lighting solutions. They are also vibration and shock resistant, offer a much greater light/size ratio, eliminate release of mercury and other harmful chemicals in landfills, and unlike florescent bulbs, turn on instantly. LED lighting is rapidly replacing conventional solutions in commercial and residential applications and is expected to grow at a 30% growth rate over the next five years.
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