ESI to retrofit energy efficient lights at Starwood's Artech Aventura

Nov. 10, 2010
Date Announced: 10 Nov 2010 America's leading provider of energy saving lighting, Energy Smart Industry (ESI) has announced that it has bagged a new project with Starwood Capital. As part of this project, it will install LED lighting at Starwood's Artech Aventura property. Artech Aventura is a luxury water-front condo located in Aventura, Miami.Starwood Capital Group is a privately held global investment firm founded in 1991. The Group has invested in almost every asset class - including multifamily, office, retail, hotel, industrial, residential and commercial land, senior housing, mixed-use and golf.Commenting on this new project, Mr. David Houri, CEO, ESI says, "As a leading service provider of LED lighting, this is a proud moment indeed. We have always been committed to the cause of energy saving lighting and creating green buildings. The quality of our product and service and the tangible energy savings we offer has helped us grow from strength to strength. Our LED retrofit services have been gaining popularity. We have already performed LED lighting retrofits successfully for leading condos in Florida. The addition of Artech Aventura is another feather in our cap."Ocean Palms and Hollywood Station are some of the other luxury condos for which ESI has installed energy efficient lighting. With its clever lighting design and high-quality LED retrofit, ESI has successfully enhanced their décor as well as provided huge savings on their energy bills. For instance both Ocean Palms and Hollywood Station saw annual savings of 75% and $33,000 respectively.As part of its LED lighting retrofit service, ESI will offer its Green Lease Management Program (GLMP) to Artech Aventura. This means that it will perform the retrofit service of energy saving lighting at zero upfront costs. Starwood Capital will pay ESI only an agreed percentage of the actual savings on its energy bill.Adds Mr. Houri, "We find that this is a successful model to work on. It proves to our clients that we are delivery-oriented and that we mean business. The GLMP helps clients to keep a positive cash flow while opting for energy efficient lighting retrofits. We are are the only LED lighting-provider in America to offer a 5-year warranty on the LED retrofit. Therefore as a package our eco friendly LED retrofit is a package that suits all condo associations.

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