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| CHRO Sub Zen Inks Another Big Deal |
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 Hot Stock to Watch |
Company: The Chron Organization, Inc. (Pink Sheets: CHRO)
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Price: 0.0251
Change (%): + 0.00 (0.00)
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CHRON's Affiliate, Zen Technologies, Announces Partnership with Major Hospitality Groups
DALLAS, TX-(Marketwired - Mar 8, 2017) - Zen Technologies, Inc. (Zen), a wholly-owned subsidiary of The CHRON Organization, Inc. (OTC: CHRO), announced today that it has entered into the first stage in a partnership agreement with three of the nation’s leading hotel franchisers. The group is led by the Houston-based, Ameristar Hospitality Group and represents more than 300 hotels owned between the three groups. The plan is to offer and implement the Zen Zero-Cost Program™ to the three hotel groups, who collectively own more than 300 hotels. The first stage commenced this week and includes the implementation of Zen’s products and services for a pre-selected 10 hotels. This first group will serve as a case study and help to generate marketing materials that will be useful in further targeting the hospitality industry.
The hotels range in size from 50 rooms, to as many as 500 rooms, with the majority falling into the latter range. Some of the solutions Zen provides include smart thermostats, motor controls, LED lighting and ozone-water treatments systems, to name a few. One case study by EcoTex showed that the implementation of the ozone water treatment system achieved more than 30 percent in annual savings of laundry expenses, one of the largest expenses in the industry. Smart controls are especially beneficial to the hospitality industry because unlike in the average commercial business, hotel management cannot control how much energy is used in each individual room.
“Based on the first few site surveys we’ve conducted, we’re estimating that we will be able to save these hotels between 30 and 40 percent of their annual utility costs,” said Zen VP of Business Development, Jeff-Bay Andersen. “These groups have done business both nationally and worldwide and we are so excited to have them as partners moving forward.”
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