by Rebecca Walker — December 22, 2010—Green Energy Management Services Holdings, Inc. announced it has signed a five-year water efficiency installation and maintenance contract with Keystone Holdings, a residential and commercial real estate developer, located in Miami, Florida. The Contract entails installing and maintaining AIRLOCK valves across the company’s 14 properties, beginning with Keystone Palms, a residential property in Miami.
The Contract is estimated to provide Keystone Holdings with as much as 30 percent annual savings in its water and sewer costs at each of its properties. As compensation, the Company will receive 50 percent of the savings over the life of the contract.
AIRLOCK is a proprietary, patent-pending device that more accurately measures water flow from a water provider. Air typically accumulates in water pipes before it reaches the meter, artificially raising meter readings. AIRLOCK compresses the accumulated air in the pipes. The water then flows through the meter with the air undetected, and the result is a reduced water bill.
Green Energy Management Services Holdings, Inc. is a full service, national energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in three functional areas: energy efficient lighting upgrades, renewable energy generation and efficient water utilization.
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