Savenergy Inc. Surpasses all other LED Lighting Companies and is Awarded Contract by Vornado Realty Trusts’ Broadway Mall, NY
Jan 03, 2012
OTC Disclosure & News Service
Inwood, NY -
Savenergy Holdings, Inc.(NASDAQ:ADCC), a leading globalmanufacturer of innovative energy saving technology, announced today that theyhave beenawarded an LED lighting installation project by Vornado Realty Trust’s BroadwayMall. During the past few months, Savenergy had already completed the installationof a portion of this project, with proven electrical cost savings of 76percent.
Broadway Mall hasa total of 1,234,450 retail square feet and has featured anchor storesincluding IKEA, Macy’s, Target, Multiplex 12 Cinemas, H & M and Old Navy. JosephDeGiorgio, General Manager of Broadway Mall, states, “I am looking forward tocontinue working with Savenergy’s LED lighting systems because they helped usreduce our operating expenses, and also worked with our local utility providerto obtain a rebate for their lights. I am expecting a return on investment ofless than 2 years.”
Additionally, SavenergyLED lights have been tested and certified by Luminaire Testing Laboratory Inc.(LTL), a sustainingmember of the Illuminating Engineering Society of North America (IESNA) withthe highest scores for LED lighting thus far. For example, Savenergy LED lights have been verified to achieve a Luminaire Efficacy of114 LPW, a remarkable improvement from their already impressive previous scoreof 93.1 LPW.
“We are thrilled with the latest resultsof the LM79 and LM80 tests conductedby LTL as it was anunbiased evaluation of our luminaire’s photometric performance and lifetimetests. This same organization has also testedLED lighting from major lighting electrical companies who have generally received much lower LPW results thanour LED lights”, explains John H. Choi, CEO and President of Savenergy. The LTL lab reports provide credible third party evidence that Savenergylighting products are indeed the brightest and most cost effective LED lightsavailable in today’s marketplace.
SavenergyInc.’s UL &DLC listed LED Lighting Systems are currently available. For moreinformation on Savenergy Inc. products, examples ofinstallations, and testimonials from customers, please visit www.savenergynow.com.
About Luminaire Testing Laboratory Inc. (LTL)
LTL is recognized by the EPA totest solid state lighting luminaries, integral LED lamps and several othercategories of lighting products for the Energy Star Program. LTL is an independent source of photometrictest reports for the lighting industry. It is recognizedfor producing highly accurate photometric test reports in a time frame thatfits today’s high speed business world.
About Illuminating Engineering Society of North America(IESNA)
Themission of the IESNA is to improve the lighted environment by bringing togetherthose with lighting knowledge and by translating that knowledge into actionsthat benefit the public.
About Savenergy Inc.
SavenergyInc. manufactures and installs exclusive patented energy saving devices whileproviding energy consulting services for their clients. Energy cost savings of 20- 80%are achieved following the installation of Savenergy’sdevices, which include four major products: SavenergyLighting Saver, Savenergy Motor Saver, SavenergyHeat Exchanger and Savenergy LED Lighting System.Additionally, savings are achieved through the extension of the life ofelectrical equipment, while helping to protect the environment by reducingpollution and energy consumption. The company is headquartered in Inwood, NewYork and conducts business within the United States and overseas.For more information, visit www.savenergynow.com.
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