Lighting Science Group launches portfolio of LED replacement lamps
Date Announced: 09 Apr 2008
Broadest Range of LED Lamps in the Industry Offer High-Performing, Energy Efficient, and Environmentally Safe Light Source
Lighting Science Group (OTC BB: LSCG) (LSG), a leading developer and manufacturer of intelligent and energy-efficient light emitting diode (LED) lighting solutions, has launched the industry’s widest line of replacement LED lamps for both commercial and residential lighting applications. The simple, uniquely designed lamps offer unparalleled light output, matching traditional technology at a fraction of the energy consumption.
The new line delivers unprecedented levels of energy efficiency, light quality and output as compared with other options. The unique design optimizes the lamp’s thermal management, enabling a life of up to 50,000 hours (10-30 years). The lamps consume 80 percent less energy than conventional lighting sources, while matching light output. The company is initially targeting the estimated five billion Edison-based sockets in North America.
LSG’s new portfolio features the lighting industry’s most extensive range of LED lamps, consisting of six different styles of Edison-based lamps in both cool and warm white and in narrow and wide beam distributions.
“The unrivaled performance of our new LED lamps will significantly reduce lifetime operating costs for customers,” said Govi Rao, chief executive officer of Lighting Science Group. “Our technological leadership allows us to offer the most environmentally friendly solutions without compromising performance.”
LED options require $738.40 less in total spending than incandescent bulbs and $72.49 less than compact fluorescent light bulbs (productdose.com). By 2025, rapid adoption of LEDs in the United States alone can eliminate a cumulative 258 million metric tons of carbon emissions, save $115 billion in total electricity costs and avoid the construction of 133 new power plants (Optoelectronics Industry Development Association). Beyond energy savings, installing an LED lamp instead of a fluorescent bulb can save approximately two to four tons of mercury from being released into the atmosphere in the United States each year (Mercury Policy Project).
LSG’s products are 100 percent recyclable and contain no hazardous materials such as mercury and lead. Through its EcoAdvantage initiative, Lighting Science is advancing LED technology and efficiency standards by developing innovative lighting solutions. The lamps can be used in various functions and applications including track, spot, accent, vanity and recessed lighting.
The new portfolio of Lighting Science Group’s LED lamps will be showcased at Light & Building in Frankfurt, Germany and available for purchase on the company’s Web site. The lamps will also be sold through channel partners such as electrical distributors and energy-service companies. For more information, please visit http://www.lsgc.com/
About Lighting Science
Lighting Science Group Corporation (www.lsgc.com) designs and sells highly energy efficient and environmentally friendly lighting solutions. The Company's patented and patent-pending designs in power management, thermal management, manufacturing processes and other areas seek to reduce energy consumption while delivering environmental benefits and cost savings to the end-user. The company designs and manufactures ready- to- use LED lamps and luminaires, as well as provides customized lighting solutions for architectural and artistic projects worldwide. Lighting Science has offices in New York City, Sacramento, Satellite Beach, FL, Dallas, Tokyo and the United Kingdom.
LED Holdings, a portfolio company of Pegasus Capital Advisors (www.pcalp.com) holds a majority of the issued and outstanding shares of Common Stock of Lighting Science Group Corporation. Pegasus Capital Advisors is a private equity fund manager with offices in New York, New York and Cos Cob, Connecticut. Founded in 1995, Pegasus provides capital to middle market companies across a wide range of industries, with particular focus on businesses that make a meaningful contribution to society by positively affecting the environment, contributing to sustainability and enabling healthy living.
Certain statements in the press release constitute "forward-looking statements" relating to Lighting Science Group Corporation within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These statements are only predictions. 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. "Lighting Science," is registered in the U.S. Patent and Trademark Office. Readers should carefully review the risk factors described above and in other documents filed by the Company with the SEC. Readers are specifically directed to the discussion under "Risk Factors" in the Company's Registration Statements on Form SB-2.
Edelman | Technology
New York, NY 10036
Web Site: www.lsgc.com