Lighting Science Group Surpasses $100 Million In LED Lighting Orders This Year
Consumer and Business Demand for High-Performance, Ultra-Efficient LED Lighting
Surges
SATELLITE BEACH, Fla., Oct. 27, 2011 /PRNewswire via COMTEX/ -- Leading the LED
lighting revolution, Lighting Science Group (LSCG), the world's premier LED
lighting manufacturer, announced today that it has received more than $100
million of LED lighting product orders this year--an increase of more than 100%
as compared to the same time last year.
"Surpassing the $100 million order mark this year is not only a significant
achievement for our company, but for the entire LED lighting industry," said Jim
Haworth, chairman and chief executive officer of Lighting Science Group. "As a
result of increasing consumer and business demand, we expect LED lighting sales
to grow exponentially over the next couple of years."
Widely adopted across all sectors, Lighting Science Group's LED lighting products
are brightening everything from the International Space Station to the Times
Square Ball, the streets of major cities around the world, and now, businesses
and individual homes. The Company not only earned the United States Environmental
Protection Agency's first ENERGY STAR label, but maintains a leadership position
in the number of ENERGY STAR qualified products. Lighting Science Group has a
proven ability to out-innovate, out-grow and out-perform other actors on the
lighting stage. Consistent with its holistic commitment to green operations, the
Company makes every effort to ensure that its raw materials are sourced
sustainably, resulting in products that, unlike Compact Fluorescent Lamps (CFLs),
are toxic-free and completely recyclable.
Major lighting retailers; lighting companies; retail chains like Yankee Candle
and GNC; cities like Salt Lake City, UT, Washington, D.C., and Lewiston, ME;
military installations such as the Naval Base in Ventura County, CA; and world
renowned architects and builders have all chosen Lighting Science Group to be
their lighting technology provider. Why? Because the Company's LED products
deliver substantial energy savings over traditional lighting options, and also
offer unparalleled quality, performance and longevity.
"Lighting Science Group epitomizes the "green" American business success story.
Only a year ago, the company had 100 employees, now we have 1000. As we look
ahead to what's possible, rather than accept what is, we acknowledge--and
appreciate--that the LED bulbs on the market today represent only a stepping
stone on this journey towards a more sustainable energy future, not the final
destination. We plan to continue to accelerate product innovation and drive down
prices. For example, Lighting Science Group will offer a top-grade sub-$15 LED
60-watt bulb in the United States next year. At a price previously unheard of,
this bulb will provide millions of people with unparalleled light quality while
simultaneously garnering significant returns on investment," added Haworth.
For more information on Lighting Science Group's products, visit
lsgc.com.
About Lighting Science Group
Lighting Science Group Corporation (LSCG) designs, develops, manufactures and
markets LED lighting solutions that are environmentally friendlier and more
energy efficient than traditional lighting products. Lighting Science Group
offers retrofit LED lamps in form factors that match those of traditional lamps
or bulbs and LED luminaires designed for a range of applications including public
and private infrastructure for both indoor and outdoor use. Lighting Science
Group's Advanced Projects Group business unit designs, develops and manufactures
custom LED lighting solutions for architectural and artistic projects. Lighting
Science Group is headquartered in Satellite Beach, Florida; the Company's
European operations are based in Goes, The Netherlands; and, the Company has a
sales office in Sydney, Australia. Lighting Science Group employs approximately
1000 workers building lighting products from domestic and imported parts.
Lighting Science Group is a Pegasus Capital Advisors portfolio company. More
information about Lighting Science Group is available at lsgc.com.
ENERGY STAR is a U.S. registered mark of the United States Environmental
Protection Agency. |
