Vu1 Corporation Announces Commercial Order for Electron Stimulated Luminescence(TM) R30 Light Bulbs
NEW YORK, Nov. 10, 2011 /PRNewswire/ — Vu1 Corporation (OTCBB: VUOC), a developer and manufacturer of a new, mercury-free, energy efficient general purpose lighting technology, today announced that Avspar Corporation (www.avspar.com), a Memphis, Tennessee-based international provider of responsible, high efficiency lifestyle solutions and renewable energy technology, has placed an initial order for 20,000 of Vu1′s Electron Stimulated Luminescence(TM) (ESL) R30 light bulbs. The Company expects to fulfill the order during the 2012 first quarter.
“We are pleased to announce our first major commercial order for Vu1′s mercury-free, energy-efficient ESL R30 light bulbs,” commented Scott Blackstone, Vu1′s Chief Executive Officer. “Vu1 continues to experience strong and growing commercial interest in its ESL technology.”
The R30 bulb, which is based on Vu1′s unique ESL lighting technology platform, uses accelerated electrons to stimulate phosphor, making the surface of the bulb glow to provide a natural light quality. ESL bulbs are fully dimmable, energy-efficient, non-toxic and provide a light quality virtually indistinguishable from traditional incandescent light bulbs for up to 11,000 hours.
About Vu1 Corporation
New York City-based Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally friendly lighting solutions worldwide. Vu1 has developed a new energy efficient light bulb to provide consumers with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products. To learn more about Vu1 visit the Company’s website at www.Vu1.com . For the latest news, find Vu1 on Facebook and follow on Twitter.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, our ability to obtain future funding required for our operations, the future demonstration and commercial availability of our light bulb, timing for bulb production and sales, manufacturing capability of our facility, future interest of channel partners and distributors, our strategic planning and business development plans, future applications of the technology, and the viability, pricing and acceptance of our products in the market. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the year ended December 31, 2009 and our other periodic reports as filed from time to time).
SOURCE Vu1 Corporation