Lighting Science Group To Manufacture its 1 Millionth U.S. LED Bulb - A
Revolutionary New Low Cost/High Output 60 Watt Replacement
SATELLITE BEACH, Fla., Dec. 9, 2010 /PRNewswire via COMTEX/ -- What: Lighting
Science Group (LSCG), a leading American maker of LED lighting, will hold an
event where the company will manufacture their 1 millionth U.S. LED bulb--a new
omnidirectional, ultra-efficient LED bulb that replaces America's most used
energy hog--the 60 watt incandesent bulb. Lighting Science Group's omidirectional
A19 60 watt equivalent LED bulb will be 80% more efficient than the incandescent
bulb that it replaces, have the highest lumen (light) output of any other LED
bulb on the market, and be priced below competitive LED products. The 60 watt
incandescent bulb is the most used bulb in America; over 425 million are sold in
the U.S. every year--making up some 50% of the bulb sales market. Lighting
Science Group's LED bulb will be a low cost, long-lasting and ultra-efficient
replacement for those bulbs--saving Americans money and increasing energy
independence.
When: Monday, December 13, 2010--10:00 a.m.
Where: Lighting Science Group Innovation Center, 1227 S. Patrick Drive, Satellite Beach, Florida
Who: Zach Gibler, Chairman and CEO
Sen. Bill Nelson (invited)
Rep. Bill Posey (invited)
Background: For years, high-output and low-cost LED lighting products have been
just out of reach from a cost basis, but Lighting Science Group has
revolutionized the science of light in America to produce lighting products that
deliver on the promise of LED technology. From the International Space Station to
the Times Square Ball to other projects in major cities across the world and now
in homes, the company's LED solutions are increasing energy independence and
saving consumers, businesses and governments significant amounts of money. In
fact, Lighting Science Group is the chosen partner of NASA to develop
cutting-edge lighting technologies for use in space, and recently received the
industry's first ENERGY STAR label for an LED light bulb.
Major lighting retailers like The Home Depot, lighting companies, retail chains,
restaurants, cities like Salt Lake City, UT and Lewiston, ME, military
installations such as Naval Base Ventura County, CA, and world renowned
architects and builders have all chosen Lighting Science Group to be their
lighting technology provider. Why? The company's products produce a better
combination of more light at a lower price--with longer life and better lighting
quality--than other LED products on the market.
Media Visuals: Tour of Lighting Science Group's research, design, and
manufacturing center and demonstration of the new 60 watt equivalent
omnidirectional LED bulb.
For more information contained in this release, please contact Andy Beck,
abeck@mww.com or visit lsgc.com.
About Lighting Science
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 the form factor of
traditional lamps or bulbs and LED luminaires for a range of applications
including public and private infrastructure for both indoor and outdoor
applications. Lighting Science Group Design Works 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 has over
400 workers in its Satellite Beach, Florida manufacturing facility that build
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.
Forward Looking Statements Certain statements in this press release may
constitute "forward-looking statements" made under the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995. The statements include,
but are not limited to statements regarding the performance of LSG and the
performance of LSG's products using terminology such as "will," "should,"
"would," "could," "expect," "intend," "plan," "anticipate," or "believe." Such
statements reflect the current view of LSG with respect to future events and are
subject to certain risks, uncertainties and assumptions. Known and unknown risks,
uncertainties and other factors could cause actual results to differ materially
from those contemplated by the statements. In evaluating these statements, you
should specifically consider various factors that may cause our actual results to
differ materially from any forward-looking statements. Readers should carefully
review the risk factors detailed under "Risk Factors" in our most recent Form
10-K and subsequent Form 10-Qs on file with the Securities and Exchange
Commission.
SOURCE Lighting Science Group Corporation |
