CRS Electronics (fka LEDCF)

[Renee]

LEDCF: Inactive security. FINRA deleted symbol.

https://otce.finra.org/otce/dailyList?viewType=Deletions

[Renee]

LEDCF SEC Suspension "because of questions regarding the adequacy and accuracy of information about the company".

https://www.sec.gov/litigation/suspensions/2018/34-84824.pdf

Order:

https://www.sec.gov/litigation/suspensions/2018/34-84824-o.pdf

[littlefuji]

This has long term potential IMO. The deal with Energizer is huge in that it gets their products into many large retailers hands under a very trusted and recognizable brand. With rising energy costs and environmental awareness everyone is looking at becoming more energy efficient in any way they can. Also the fact their MR16 bulb was approved for rebates gives incentive to become more energy efficient and reduce energy costs. Energizer will also consider adding other products to the ones already confirmed in the deal. This company has also developed other products such as LED based street lighting which they've piloted in Welland Ontario where the company head office is based.

The impact of this deal won't be known until the 3rd quarter as they won't be releasing numbers til then which is indicated in the news release.

Get familiar with the company, do your own research and DD decide if this company is one you'd like to invest in. I currently hold a position in this company but in the Canadian venture exchange and am looking at the fact the company has decided to list in the US as a huge positive.

Of course this is only my opinion so do all the research you want before you make any investment decision. I'm only recommending you look into the company and its potential. For more information also check www.sedar.com for more information regarding insiders and filings.

Feel free to add your opinion once you've had an opportunity to look into the company, it's management, and it's products.

[MJAM2020]

so what do we make of all this over here?...I know pretty much zero about these guys right now..lol..

mj

[littlefuji]

Just got confirmation that the deal includes both US and Canada. Below is a response from their corporate communications section

Good Afternoon,
Thank you for your interest in CRS. Our agreement is currently in Canada and the US. If Energizer decides in the future to enter other regions, they will consider CRS for manufacturing.

Warm regards,
Debbie Bamforth
Corporate Communications
CRS Electronics Inc.
905 599 3322

[littlefuji]

The news release mentions nothing other then it had signed an agreement with Energizer to manufacture and supply them with their LED lights so one would assume that it would be Energizer that decides which markets they intend on selling the CRS LEDs under their name.

In taking a look at a previous news release by the company in December 2010, it looks like their products will be sold to commercial customers within the US market after their MR16 LED bulbs were approved by 2 undisclosed utility companies for inclusion into their respective rebate programs. The MR16 is one of the bulbs that will be marketed under the Energizer name with the recent signing.

Seeing how their products will already be sold within the US market, I can't see why Energizer wouldn't seeing how its a large market.

Here's the news release I'm referring to.

CRS Electronics MR16 Approved by Two Major Utility Rebate Programs in
US

December 1, 2010 Welland, ON – CRS Electronics Inc. (“CRS”), (TSX-V:LED), an inventor, developer and manufacturer of LED lighting, is pleased to announce that two undisclosed major electric utilities in the US have approved the CRS LED MR16 lamps for an incentive program offered to their commercial customers.

The CRS lamp currently is the only LED MR16 approved for a rebate under their program. The Company anticipates shipping product in the first quarter of 2011 with orders starting to be placed over the next month as the utilities roll out the program to their commercial customers.
“The quality and performance of our products continues to be our competitive edge. Producing LED MR16 replacement lamps which exceed the performance standards prescribed by major utility suppliers for a rebate approval has always been a top priority at CRS.” said Scott Riesebosch, President, CRS Electronics “Customers that qualify for the rebate in these regions will be able to purchase our product at a small fraction of the regular cost, creating a substantial, solid value proposition for their businesses. They can enjoy the benefit of ongoing energy cost savings of approximately 80% and have the highest quality of light available in an LED MR16 lamp on the market today.”

The two undisclosed major utilities service a combined area of more than 100,000 sq. mi. in 40 counties within the continental United States. The opportunity for CRS to capitalize on these rebate programs is significant.

[dc2582]

Do they plan to market this new line of LED's in the US

[littlefuji]

CRS ELECTRONICS SIGNS LICENSE AGREEMENT WITH ENERGIZER

2/14/2011 8:04:58 AM - Market Wire

WELLAND, ONTARIO, Feb 14, 2011 (MARKETWIRE via COMTEX News Network) --
CRS Electronics Inc. ("CRS"), (TSX VENTURE: LED), an inventor, developer and manufacturer of LED lighting, today announced an exclusive agreement with Eveready Battery Company, Inc. a subsidiary of Energizer Holdings, Inc. ("Energizer"), (NYSE: ENR), for CRS to manufacture a suite of LED lighting products under the brand name Energizer. The initial LED suite of products includes the MR16, PAR 20, PAR 30 and PAR 38. Future products developed by CRS may also be considered by Energizer.

This agreement brings together the power of the Energizer(R) brand with CRS Electronics' leading technology in LED light bulbs. Energizer(R) branded LED lights will be distributed through commercial and leading retail networks, and will flow through major lighting agents in North America. Shipping of these exciting new products is expected to commence in the third quarter of 2011.

"Expanding our product line to include energy efficient LED lighting is a perfect complement to our global portfolio of innovative power and lighting technologies, and aligned with our new Now That's Positvenergy campaign, which communicates the message of power plus responsibility." said Jim Olsen, Vice President of Marketing for Energizer North America. "CRS was selected for their commitment to excellence in LED lighting technology capabilities and their history of innovation in the LED lighting industry."

"We are honoured to be working with the Energizer(R) brand name. Partnering with a premium, trusted brand validates our efforts and gives us a competitive edge in the marketplace," said Scott Riesebosch, President, CRS Electronics "This agreement expands our product reach from the commercial space to retail, and from one product line to four, representing a significant growth opportunity for the Company. We are thrilled with the opportunity and will continue to develop new LED products to support our relationship with Energizer."

About Energizer

Energizer Holdings, Inc. (NYSE: ENR), headquartered in St. Louis, Mo., is one of the world's largest manufacturers of primary batteries, portable battery-powered devices, and portable flashlights and lanterns. Energizer is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer(R) brand battery products Energizer(R) MAX(R) premium alkaline; Energizer(R) Ultimate Lithium; Energizer(R)Advanced Lithium; Rechargeable batteries and charging systems; and portable flashlights and lanterns.

Energizer continues to fulfill its role as a technology innovator by redefining portable power solutions to meet people's active lifestyle needs for today and tomorrow with Energizer(R) Energi To Go(R) chargers for rechargeable portable devices; charging systems for wireless video game controllers; and specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, toys and watches. Energizer is redefining where energy, technology and freedom meet to bring to market consumer-focused products that power the essential devices that help people stay connected and on the go at work and at play. Visit www.energizer.com, www.facebook.com/energizerbunny or www.facebook.com/energizer.

About CRS

CRS Electronics Inc., an Energy Star and Lighting Facts partner, is a leader in the emerging, rapidly-growing market of high efficiency light-emitting-diode ("LED"), or, solid state lighting ("SSL"). The principal activities of CRS include the development, manufacture and sale, primarily in North America, of indoor and outdoor lighting such as LED replacement lamps, LED streetlights, exterior LED warning lights on school buses, child safety systems for school buses and contract manufacturing of LED circuit boards. CRS is a well-established supplier to both the school bus industry and the LED contract manufacturing industry, providing a stable and growing revenue source. CRS plans to be a major supplier of LED light engines for a variety of applications to be developed by CRS on its own and in conjunction with its customers. Several of CRS's customers use CRS LED MR16 lamps to replace up to 50 watt halogen MR16s.

Certain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in CRS's public filings, CRS's future outlook and anticipated events or results and can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of markets for products, availability to develop and manufacture products, availability of sufficient financing, receipt of approvals, satisfaction of escrow requirements, satisfaction of closing conditions, obtaining debt financing for capital expenditures, and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other CRS filings, and include the effect of capital market conditions and other factors on capital availability and the ability to complete additional closings; sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other CRS filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, CRS does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contacts: CRS Electronics Inc. Debbie Bamforth Corporate Communications 905-599-3322 [e-mail] CRS Electronics Inc. Al Hussey Chief Operating Officer 905-788-9039 [e-mail] www.crselectronics.com

SOURCE: CRS Electronics (Podium Capital Corporation)

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