FOMO CORP. PROVIDES SHAREHOLDER UPDATE AND LAUNCHES MONTHLY NEWSLETTER TO DRIVE AWARENESS
FOMO CORP. (FOMC) has launched a monthly newsletter to communicate advancements in its clean tech initiatives, aimed at supporting the economic reopening. Highlights include the introduction of the IntelliHVAC technology, promising 20-50% energy savings, and significant contracts amounting to over $330,000 for air disinfection devices. The company is also expanding its international reach, with an order from the UK. The Energy Intelligence Center reported a 57% reduction in peak-hour electricity demand at Chelsea Piers, translating to yearly savings of approximately $53,000.
- IntelliHVAC technology provides potential energy savings of 20-50%.
- Reported sales contracts worth over $330,000 for air disinfection services.
- Successful order and payment received from a UK business, indicating international market expansion.
- Chelsea Piers achieved a 57% reduction in peak-hour electricity demand, resulting in projected savings of $53,000.
- None.
Chicago IL, Sept. 21, 2021 (GLOBE NEWSWIRE) -- FOMO CORP. (https://www.fomoworldwide.com/ - US OTC: FOMC) is pleased to announce the launch of a monthly newsletter to update customers and shareholders of the Company’s substantial progress in its efforts to create a clean building provider and clean tech portfolio that will support the reopening of the economy:
NEWSLETTER – September 2021
IAQ Technologies, Purge Virus, Independence LED,
and Energy Intelligence Center
SAFE & EFFICIENT BUILDINGS
This September 2021 Newsletter includes new information related to safe and efficient buildings, and highlights select project we worked on with our Clean Tech Partners. You can read more about our Clean Tech Partners by clicking: https://energyintelligencecenter.com/energy-intelligence-partners/.
- EIC added an “IntelliHVAC” family of technologies to the products we represent. IntelliHVAC controls are designed to provide 20
-50% energy savings with a typical 6-18 month payback period. The manufacturer reports there are over 1,200 IntelliHVAC units installed with a performance of over$140 million in energy savings. - IntelliHVAC controls are ideal for HVAC systems up to 25 tons, including rooftop as well as PTACs, refrigerator cases and walk-in freezers. For more information about IntelliHVAC please visit us at: https://energyintelligencecenter.com/up-to-25-ton-systems/
- The EIC and Jordan Energy enter into Agreement to collaborate on energy optimization and the deployment of Solar Photovoltaic (PV) renewable energy systems.
- Jordan Energy provides comprehensive solutions to renewable energy technologies that enable customers to harness the power of the sun and other sustainable resources.
- The EIC worked with a major beverage distributor with locations on the east coast on the optimization of their HVAC systems utilizing IntelliHVAC controls. We plan to provide energy and financial savings information after the controls have adequate operating history.
- IAQ Technologies (p/k/a Purge Virus) sold air disinfection and mold remediation devices for private and public schools, and law enforcement; and EIC energy related services for a total authorized sales value of over
$330,000 period June - August 2021. - The Elementary and Secondary School Emergency Relief (ESSER) Fund and American Rescue Plan Emergency Assistance to Non-Public Schools (EANS) provides opportunities for safely opening schools. We will provide more information about safely opening schools in our next October Newsletter.
INTERNATIONAL MARKETS
IAQ Technologies is now servicing international markets and accounts. On Thursday, 9/16/2021, The Company received an order and payment from a business operating in the United Kingdom. Product was shipped to London on Friday, 09/17. As the world continues to face challenges with COVID-19 and the Delta variant, IAQ Technologies will continue to look for opportunities to expand its the sales force and its client portfolio into international markets.
EIC CLEAN-TECH PARTNER PROJECT HIGHLIGHTS
Spotlight: Chelsea Piers CT Reduces its Peak-Hour Electricity Demand by
The EIC partner, Clean Peak Energy Group, announced during the period June 28-29 (2021) the company successfully curtailed nearly
The thermal-energy storage technology deployed resulted in a reduction of hundreds of kW for the facility during the predicted peak system hour without exceeding temperature designs. The savings for the facility for the subsequent year installed capacity would be over
In consideration of the building’s thermal-energy storage during a period of high temperatures in the Northeast in early June 2021, enabled the 400,000 square-foot Chelsea Piers athletic complex to drastically decrease its peak-hour power demand while recording an increase of internal building surface temperature of less than 1 degree.
Clean Peak Energy patented thermal-energy storage technology dramatically reduced the peak-hour electricity demand at the facility by relying solely on the building’s physical mass. No additional in energy-storage equipment was needed to demonstrate this 772 kW in electrical power demand savings.
Please contact Mr. Geoffrey Nichols, VP Sales, EIC at geoffrey@eicteam.com for more information about the Chelsea Piers thermal-energy storage project.
BUY AMERICAN ACT (“BAA”) LIGHTING AND INDEPENDENCE LED
Independence LED Lighting, LLC (iLED) is a professional lighting solutions company with Made in America LED lighting products, manufacturing experience, and insight. We offer LED lighting with made in the USA reliability and quality with a 10-year product warranty. To date, we have completed over 1,000 LED projects with more than 150,000,000 kWh of energy savings.
To streamline our LED lighting products, iLED will operate within our company Energy Intelligence Center, LLC (EIC). Now iLED and EIC operate as one cohesive company offering quality Made in America LED lighting.
INDOOR AIR QUALITY & ENERGY EFFICIENCY SERVICES
Purge Virus, LLC is being rebranded as IAQ Technologies, LLC (IAQ Tech). IAQ Tech will focus on the air quality within and around buildings and structures, especially as it relates to the health and comfort of building occupants. At the core of our IAQ services continues to provide proven and cost effective germicidal disinfection of air and surfaces across commercial and residential landscapes.
The IAQ Tech website www.iaqtech.com is coming soon.
With IAQ Tech’s and EIC’s expanded focus on total building indoor air quality by assessing the concentration of contaminates and thermal conditions that may negatively affect the health, comfort and performance of the building’s occupants.
IAQ Technologies and the EIC are uniquely positioned to provide safe and healthy building while focusing on energy efficiency, optimization, operations, and economic incentives.
About IAQ Technologies, LLC. (p/k/a/ Purge Virus, LLC): IAQ Technologies, LLC. focuses on the air quality within and around buildings and structures, especially as it relates to the health and comfort of building occupants. At the core of our IAQ services continues to provide proven and cost effective germicidal disinfection of air and surfaces across commercial and residential landscapes.
About the Energy Intelligence Center, LLC.: The Energy Intelligence Center, LLC. (EIC) is an energy services company uniquely positioned to provide energy efficiency, optimization, operations, and economic incentives for the optimization of building equipment, and management and automation systems. Our mission is to create client focused energy efficient building portfolios. The independence LED lighting (iLED) facet of the EIC is a professional lighting solutions company with Made in America LED lighting products, manufacturing experience, and insight.
About FOMO CORP.
FOMO CORP. (https://www.fomoworldwide.com) is a publicly traded company focused on business incubation and acceleration. The Company invests in and advises emerging companies aligned with a growth mandate. FOMO is developing direct investment and affiliations - majority- and minority-owned as well as in joint venture formats - that afford targets access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.
Forward Looking Statements:
Statements in this press release about our future expectations, including without limitation, the likelihood that FOMO CORP. will be able to meet minimum sales expectations, be successful and profitable in the market, bring significant value to FOMO CORP.’s stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. FOMO’s business strategy described in this press release is subject to innumerable risks, most significantly, whether the Company is successful in securing adequate financing. No information in this press release should be construed in any form shape or manner as an indication of the Company’s future revenues, financial condition, or stock price.
Investor & Sales Contact:
Energy Intelligence Center, LLC.
Geoffrey Nichols, VP of Sales
Phone: (323) 314-7750
Email: geoffrey@eicteam.com
Investor Contact:
FOMO CORP.
Investor Relations
(630) 286-9560
IR@fomoworldwide.com
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