Virtually every industrialized nation has set timetables for banning the incandescent light bulb and mandating adoption of energy efficient lighting.
Vu1 Schedules Business Update Conference Call to Discuss Product Technology Roadmap and Multi-Channel Sales and Marketing Strategy (Oct 21st)
On October 8, 2010, the Company received UL certification for the Company's R30 Electron Stimulated Luminescence™ (ESL™) energy-efficient reflector light bulbs. The purpose of the call is to discuss the Company's product technology roadmap and multi-channel sales and marketing strategy. Philip Styles, the Company's President and Chief Executive Officer will be joined by Duncan Troy, Vu1's Chairman and Bill Hamlin, Board member and former The Home Depot senior executive and retail industry veteran.
The conference call will take place on Thursday, October 21, 2010 at 5:00 PM ET (2:00 PM PT). The Company will provide dial-in details in a separate press release prior to the conference call.
Vu1 Announces Order Confirmation From Leading Northwest Electrical Distributor
SEATTLE, Oct. 15 /PRNewswire-FirstCall/ -- Vu1 Corporation (OTC Bulletin Board:VUOC.ob
), a developer and manufacturer of mercury-free, energy-efficient, general illumination lighting technology, today announced that following last week's receipt of UL listing for the Company's R30 Electron Stimulated Luminescence™ (ESL™) energy-efficient reflector light bulbs, a leading Northwest electrical distribution company which previously placed a preliminary order, has now confirmed the order and expects to take delivery of the R30 light bulbs late in the fourth quarter.
Vu1's R30 ESL™ bulb is a direct replacement for the 65W incandescent flood bulb. It is virtually indistinguishable from the traditional incandescent lamp it replaces and, unlike CFLs, is mercury-free. The Company's ESL™Lighting Technology uses accelerated electrons to stimulate phosphor to create light, making the surface of the bulb "glow," providing natural light quality, energy efficiency and a long bulb life of 10,000 hours.
Retail Industry Veteran Bill Hamlin Joins Vu1's Board of Directors
Former The Home Depot Inc. Group President adds key 'Big Box' retail channel experience to team
SEATTLE, Oct. 7 /PRNewswire-FirstCall/ -- Vu1 Corporation (OTC Bulletin Board:VUOC.ob
), a developer and manufacturer of mercury-free, energy-efficient, general illumination lighting technology, today announced that Bill Hamlin, a former The Home Depot (HD) senior executive and 30-year retail industry veteran, has been elected to its Board of Directors, effective immediately.
Prior to retiring from the company in 2000, Mr. Hamlin was Executive VP of Merchandising & Marketing and Group President of The Home Depot, Inc. During his tenure at The Home Depot, his influence in Strategic Planning, Marketing & Advertising, Distribution, Logistics and Worldwide Sourcing is acknowledged to have helped shape The Home Depot into the retail giant it is today
. Mr. Hamlin also founded The PGA Tour Superstore, which comprises ten 'Big Box' concept stores of more than 60,000 square feet of golfing merchandise and an annual sales volume of over $100 Million. Mr. Hamlin is also the President of the Board of Trustees for the Leukemia & Lymphoma Society, Georgia Chapter.
In addition to Vu1's Board and executive management team drawing on Mr. Hamlin's 30 years of retail expertise, the Company has also engaged Integrated Sales Solutions (ISS), LLC, a specialist sales and marketing consulting business co-founded by Mr. Hamlin, to accelerate the introduction and adoption of Vu1's products into the hardware/home improvement, and club/mass market retail channels.
"We are delighted to have an executive of Bill's stature and experience joining Vu1's Board," commented Philip Styles, President and Chief Executive Officer. "His track record of success at The Home Depot and The PGA Tour Superstore clearly demonstrates his ability to identify and harness nascent market trends and a deep understanding of how best to satisfy customers' evolving needs. I look forward to working with Bill and the ISS team to deliver on the promise of our proven ESL lighting technology and to bring consumers an affordable, energy efficient and mercury-free light bulb."
"I have seen a number of new and innovative products during the course of my career, and I believe the potential for Vu1's unique lighting technology surpasses anything I've seen before," commented Bill Hamlin
, Vu1 Board Member. "Vu1's lighting technology addresses an immediate consumer need for an affordable, clean, energy efficient light bulb that produces good light quality. It's a particularly timely opportunity because Vu1's R30 ESL™ bulb is a direct replacement for the 65W incandescent flood bulb and will therefore be able to fill the massive void left when the traditional incandescent light bulb is banned in the US in 2012.
I am looking forward to working with Phil and the rest of the Board and management team to help capture the sizeable market opportunity before Vu1."
Features and Capabilities Comparison
Outstanding Shares 86,152,246 (Aug 23, 2010) ; Sep 27, 2010 debt conversion 15,450,296; estimated total Oct 15, 2010 - 101,602,542
Authorized Shares 200,000,000 as of June 2010 Quarterly Filing
Preferred Shares : Outstanding - None Authorized - 10,000,000
American Stock Transfer & Trust Company
Brooklyn, NY, 11219
OTC Markets Information on VOUC - http://www.otcmarkets.com/stock/VUOC/quote (free level 2)