Lighting Science Group Launches Ultra-efficient LED RoadMaster(TM) Street Light; Reaches Cost Parity With Traditional Street Lights
SATELLITE BEACH, Fla., April 26, 2012 /PRNewswire/ — Leading the global shift towards sustainable LED lighting solutions, Lighting Science Group (OTCBB: LSCG) announced today the launch of its high performance and feature-rich RoadMaster(TM) street light. Currently being installed throughout Puerto Rico, the Company’s new street light provides a reduction in energy costs during its extended operating life, helping governments and communities avoid soaring energy and maintenance costs associated with traditional high pressure sodium (HPS) street lights. Priced at a fraction of other LED roadway luminaires, Lighting Science Group’s new RoadMaster(TM) pays for itself by avoiding just one HPS lamp replacement, let alone the 4-6 traditional street light lamp changes it is expected to avoid over its rated life.
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“Our new RoadMaster(TM) LED street light represents a breakthrough in street light technology,” said Jim Haworth, chairman and chief executive officer. “The pairing of price and performance will save communities and cities around the world significant amounts of money. As a company, we don’t just speak of catalyzing a clean energy future, we lead — and light — the way.”
In an historic partnership with the Commonwealth of Puerto Rico, approximately 4000 high-pressure sodium 100 and 150 watt street lights will be replaced with Lighting Science Group’s ultra-efficient and long-lasting RoadMaster(TM) street lights, resulting in a reduction in energy usage and maintenance costs of up to 50%.
Lighting Science Group’s world-class team of scientists and engineers re-conceptualized the design of traditional roadway applications, and as a result, the advanced componentry inside the RoadMaster(TM) makes the product more affordable and reliable than competing alternatives. The RoadMaster(TM)( )joins Lighting Science Group’s full line of roadway products that have been installed around the world, including Mexico City, Salt Lake City, Sydney, and Washington D.C.
For more information on Lighting Science Group’s RoadMaster(TM)( )and other roadway products 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 of LSG and its products and/or use terminology such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “project,” “seek,” “target,” “will” 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