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STOCK LOCK OF THE WEEK:ONTC

ONTECO CORPORATION: ONTC.pk

Huge momentum picking up after announcement of major contract with NYU 

 Symbol:                              ONTC.pk

 Current PPS:                        .0118

Avg. 10day Vol:                    2.6M

 Outstanding Shares:           184.4M

Float:                                   139.2M

Members this Green Stock has picked up serious momentum and, looks to continue that trend off the heels of a MAJOR ANNOUNCEMENT regarding its subsidiary, NexPhase Lighting Inc. Read below for more details regarding their prized contract with NYU POLY. We are urging all members to pick up some shares early Wednesday 9:30 am est.

Onteco Corporation, ONTC, Subsidiary, NexPhase Lighting, Inc., Receives Contract to Provide Product and Services To New York University (NYU)-Poly

9:45a ET June 21, 2011 (Business Wire)

Onteco Corporation (OTC: ONTC), (the "Company", or "Onteco"), announced today that its subsidiary, NexPhase Lighting, Inc. ("NexPhase"), a designer, developer and manufacturer of high efficiency, high quality LED intelligent lighting fixtures, today announced that it has received a contract to provide product and services to New York University (NYU)-Poly.

Jon Cooper, President of NexPhase, stated, "We have worked closely with Campus Green Up and NYU-Poly in the development of an array of intelligent LED lighting solutions that when deployed will provide significant energy and maintenance savings for the University. Our product was subject to a rigorous bidding and vetting process that matched our solutions to some of the biggest suppliers in the lighting industry. Ultimately our technology, service, return on investment and energy savings solutions set us apart from the other considered suppliers. The project will be a multi-phase deployment with the first installation occurring at the Donald F. and Mildred Top Othmer Residence Hall. This residence hall is an eighteen-floor structure originally opened in 2002 and currently houses over four hundred students. The first installation of product will occur in early September and we expect the Othmer phase of the project to be completed by the end of this year. This first phase will utilize over 2,500 LED lighting fixtures. The beauty of this first phase of the project is that almost all of the LED form factors that we will be installing will be deployed in other areas of the University as we advance to subsequent project stages. We are very excited to have been selected as the lighting solutions provider and are anxious to provide the University with incredible products and services that meet NYU-Poly's ie Campus transformation initiatives."

NYU-Poly is the alliance of the nation's second oldest private engineering school, Polytechnic with the largest private university in the United States, NYU. The NYU-Poly Brooklyn campus has a current student population of over 1,750 full-time students and the downtown Brooklyn Campus includes: 6 Metrotech, the Jacobs Academic Building, the Rogers Hall complex, 5 MetroTech, the Bern Dibner Library Building, the historic Wunsch Building and the previously mentioned Othmer Residence Hall. These facilities along with the recently announced expansion of an additional 120,000 square feet of academic facilities at 2 MetroTech and 15 Metrotech further signal a growing and thriving world class University. NYU-Poly is already in the second year of a 10 year Thirty Eight million Capital Plan to transform, upgrade and expand its campus facilities, and NexPhase's intelligent LED lighting solutions and efficient use of best in class sensor technology provide an excellent fit for the ie initiatives that center around invention, innovation and entrepreneurship.

Founded in 1854 the then named Brooklyn Collegiate and Polytechnic Institute set out to enable their students to utilize the full power of science and technology and for the past 150 years that is what the University has done. While many great scientists and engineers have graduated from this prestigious University some of the more famous graduates are:

-- Jasper Kane, who developed a method to mass-produce penicillin that saved hundreds of thousands of lives during World War II.

-- Eugene Kleiner, who led a group of young scientists in the creation of the semiconductor and in 1957 founded Fairchild Semiconductor. Fairchild Semi was responsible for creating the IC industry and the world's high-tech capital, Silicon Valley.

-- Jerome Lemelson, the second most prolific inventor of the 20th century with over 600 held patents that led to the inventions of the cordless phone, the fax machine, the VCR and the camcorder.

-- Gordon Gould, a faculty member who was one of the inventors of the laser and coined the term.

-- U.S. Secretary of Energy Steven Chu recently addressed the graduating class of 2011 and was awarded a doctorate of engineering honoris causa. His father was a Professor of Chemical Engineering at the Polytechnic Institute starting in 1949.

 

 Onteco Corporation (ONTC), founded in 2007 and headquartered in Aventura, Florida, is targeting the international alternative energy marketplace by developing innovative, practical, and cost-effective GREEN SOLUTIONS to relieve the environmental challenges that the world faces today.

ONTC’s focus is on investing in and developing proprietary technologies.  The company recently acquired NexPhase Lighitng Inc. in February of 2011.  NexPhase is a designer and developer of proprietary high-quality LED (lights-emitting-diode) lightings, fixtures and control systems for business and government use.  The company has a one-of-a-kind patent pending wireless technology which provides reduced architecture and infrastructure installation cost, as well as decreasing up-keep and on-going operation expenses' making these products  the most green LED products in the world.

Since each and every client has a different set of requirements, ONTC has announced they will be expanding ONTC’s LED product lines to provide their customers with lighting solutions that best match their current building envelope and tenant profile. In addition, ONTC has received a contract to install their LED lighting fixtures in one of the largest and private engineering universities in the New York area, New York University-Polytechnic. ONTC’s light solution for the Univerisity will provide the customer with significant savings and reduction in energy and maintenance.

ONTC's Website:  www.onteco.com

 

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