Lighting Science Group Lights Up Villa Stores with High Performance LED Bulbs
SATELLITE BEACH, Fla., Oct. 5, 2011 /PRNewswire/ – Lighting Science Group (OTCBB: LSCG) has upgraded the first of many retail locations operated by Villa, the urban-inspired apparel and footwear retailer, with high-performance and ultra-efficient LED bulbs. Traditional 75 watt PAR halogen bulbs at the company’s Toledo, Ohio, store have been replaced with Lighting Science Group’s ENERGY STARÃ‚® qualified 15 watt PAR LED bulbs. These LED bulbs are approximately 80% more efficient than the bulbs that they replace and boast approximately 50% more lumens (light output) than competing products on the market. Villa estimates that the lighting upgrade will pay for itself in one to two years–with energy and maintenance savings continuing to shave costs from the retail chain’s bottom line for many years thereafter.
“Villa has created a niche for itself in the highly competitive fashion industry by fusing a passion for style with an intrinsic motivation to be a socially and environmentally responsible retailer,” said Jared Sadlowski, Villa’s vice president of real estate and construction. “Just as Villa has revolutionized how urban retailers do business, Lighting Science Group has revolutionized LED lighting technology to embody the premise that sustainable products need not sacrifice quality. And so, beginning with our Toledo location and soon at every Villa location, Lighting Science Group’s high performance and ultra-efficient LED bulbs will make our clothing and footwear look great–brightening our customers’ shopping experience.”
Lighting accounts for 22% of the United States’ energy use and up to 60% of the power used in commercial buildings. By switching to Lighting Science Group’s long-lasting LED bulbs, each upgraded Villa store will see a significant reduction in energy usage, in addition to saving money on maintenance and cooling costs, as the company’s bulbs have an expected lifespan of 50,000 hours and emit only trace amounts of heat unlike the halogen bulbs they replace.
“By advancing the science behind LED technology, Lighting Science Group’s products are a shining example of the innovation and possibility that arise when a commitment to quality fuses with formidable environmental stewardship–they are completely recyclable, extremely long-lasting and will significantly reduce businesses’ lighting energy bills,” said Jim Haworth, chairman and chief executive officer of Lighting Science Group. “Villa is now moving in right direction and other businesses can easily follow in their footsteps by installing our LED lighting products.”
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 Middelburg, 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.
ENERGY STAR is a U.S. registered mark of the United States Environmental Protection Agency.
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 of LSG and its products and/or use terminology such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “project,” “seek,” “target,” “soon,” “first of many” and variations of such words and similar expressions. 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 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