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Published in House and Home on Tuesday, May 31st 2011 at 18:20 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
Lighting Science Group Hits Manufacturing Milestone of 1 Million LED Bulbs... -- SATELLITE BEACH, Fla., May 31, 2011 /PRNewswire/ --
Lighting Science Group Hits Manufacturing Milestone of 1 Million LED Bulbs in First Quarter 2011
United States Environmental Protection Agency Administrator Lisa Jackson Visits to Celebrate Production Achievement
SATELLITE BEACH, Fla., May 31, 2011 /PRNewswire/ -- Blazing the trail for the ultra-efficient lighting revolution—Lighting Science Group (OTCBB: LSCG), one of America's premier LED lighting companies and an industry leader in ENERGY STAR qualified bulbs, announced today that it produced 1 million LED bulbs in the first quarter of the year.
(Photo: [ http://photos.prnewswire.com/prnh/20110531/NY11365-a ] )
(Photo: [ http://photos.prnewswire.com/prnh/20110531/NY11365-b ] )
(Photo: [ http://photos.prnewswire.com/prnh/20110531/NY11365-c ] )
"Today, we celebrate not only past successes, but encouraging present trends, and the promise of a sustainable, job-creating, green future made possible by LED lighting solutions," said Jim Haworth, chief executive officer of Lighting Science Group. "Indicative of our company's solid growth and numerous accomplishments is that while last year we produced and sold 1 million bulbs primarily in the second half of last year, this year, we surpassed the 1 million bulb milestone in just a few months. While we're incredibly pleased with our dramatic expansion in manufacturing capacity, we also take great pride in the quality and performance of our products. We had the first and now, the most, ENERGY STAR qualified bulbs—so today, it is quite special for our team to welcome the head of the ENERGY STAR program, Administrator Jackson, and to share our technology advances and operational capabilities with her."
"These LED lights prevent harmful emissions from entering our air, while also cutting electricity costs for American families and creating jobs for American workers," said Administrator Lisa P. Jackson. "We're proud to join with Lighting Science Group and all our ENERGY STAR partners to show how protecting our environment inspires new innovations and builds off one of America's greatest talents: using ingenuity to improve our economy while at the same time improving our health and the health of our children. Innovations like these are critical to a clean, secure and affordable energy future."
For years, high-output and low-cost LED lighting products had been just out of reach, 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, Lighting Science Group's LED solutions are increasing energy independence and saving consumers, businesses and governments significant amounts of money.
Major lighting retailers; lighting companies; retail chains like Yankee Candle; restaurants like Starbucks; cities like Dallas, TX; Mexico City, 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.
With the financial help and support of Pegasus Capital Advisors and other investors, Lighting Science Group has built a thriving company in the United States. The company's world-class expertise in LED lighting research, design, development and assembly has allowed it to move high performance and affordable LED products to market at a rate unmatched by many other lighting companies.
For more information about Lighting Science Group's LED lighting solutions, visit [ www.lsgc.com ]
About Lighting Science Group
Lighting Science Group Corporation (OTCBB: 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'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 600 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 [ www.lsgc.com ].
Forward Looking Statement. 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. These statements include, but are not limited to, statements concerning the performance and growth of LSCG and its products and/or use terminology such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target" and variations of such words and similar expressions. Such statements reflect the current view of LSCG 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 these statements. In evaluating these statements, you should carefully review the risk factors detailed under "Risk Factors" in our most recent filings with the Securities and Exchange Commission that may cause our actual results to differ materially from these forward-looking statements.
SOURCE Lighting Science Group Corporation
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