Lighting Science Group Makes Its One Millionth U.S. LED Bulb - An Ultra-Efficient
and Affordable 60 Watt Replacement
--First High-Output/Low-Cost 60 Watt Equivalent Omnidirectional LED Bulb
--Lighting Science Group Continues its Campaign to Bring Affordable LED Lighting
to the Consumer Market
SATELLITE BEACH, Fla., Dec. 13, 2010 /PRNewswire via COMTEX/ -- Leading the
lighting revolution -- Lighting Science Group (LSCG) today became the first U.S.
company to domestically manufacture one million LED bulbs in less than a year.
The company will unveil as its one millionth bulb a new ultra-efficient,
omnidirectional LED A19 bulb that will sell for under $30 and replace America's
most commonly used 60 watt incandescent bulb. Available in January, Lighting
Science Group's breakthrough 850 lumen, 13 watt LED bulb is 75% more efficient
than the 60 watt incandescent bulb it replaces and will last close to 23 years.*
By way of comparison, the company's new LED bulb costs less, lasts twice as long
and has a higher lumen output than Philips' recently released 60-watt equivalent
AmbientLED A19 bulb. Today's announcement follows Lighting Science Group's
successful launch earlier this year of its high quality, yet affordable, The Home
Depot and commercial lines of LED bulbs.
"One might ask how can we continue to produce such innovative American technology
breakthroughs at such a low price? By revolutionizing the science of light, we
are able to get more lumens per watt per dollar out of our LED chips than any
manufacturer on the market -- both foreign and domestic," said Zach Gibler, Chief
Executive Officer of Lighting Science Group. "While other companies are
struggling to develop performance LED lighting products we are bringing to market
state-of-the-art lighting solutions that Americans can afford."
The new 60 watt equivalent LED bulb is dimmable and a direct replacement for the
most commonly used incandescent bulb in use in this country; over 425 million 60
watt incandescent bulbs are sold in the U.S. every year -- making up
approximately 40% of the bulb sales market. Furthermore, unlike compact
fluorescent lamps (CFLs), the Lighting Science Group's new LED bulb contains no
mercury, is completely recyclable, is "instant on", and offers outstanding light
quality. In many home applications, the bulb will pay for itself in less than two
years from energy savings.**
"Americans now have the freedom to switch to an affordable, environmentally
friendly and energy efficient lighting solution without sacrificing light
quality," said Gibler.
To ensure performance and reliability, the new 60 watt equivalent omnidirectional
LED bulb was tested under the rigorous LM-79 process by an independent laboratory
approved by the U.S. Department of Energy's CALiPER program.
A live webcast of the new 60 watt equivalent LED bulb's unveiling will start at
11:00 am EST on Lighting Science Group's Web site, 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.
*Based on 50,000 hours of usage.
**Based on a usage of 6 hours/day, 7 days/ week, 365 days/year at an average
utility rate of $0.10/KwH.
SOURCE Lighting Science Group Corporation |
