With all these accomplishments why were there so many sales today?
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the Green Revolution, today released a New Year message from SavWatt's CEO, Mr Ike H. Sutton.
Dear Shareholders,
We are now at a pivotal point in SavWatt's history; 2011 has closed with a long list of accomplishments and we are starting 2012 with a long list of goals. Building a new business takes focus, determination, and support from all those involved. We are slowly becoming a major force in the new LED revolution, a supplier of a product which is a game changer for an industry that has been around for 100 years, and an innovator of new technology for energy saving and green initiatives.
Our 2011 accomplishments are attributed to the efforts of SavWatt's team which is now 30 and growing. I would like to highlight a few:
We have completed Phase 1 of the Baltimore facility build-out; our LED Quality Control Burn in Machine has been installed and tested. LED Bulbs are put through a 6 hour testing regimen before being shipped to clients providing the highest level of quality control in the industry and enabling SavWatt to offer a 4 year warranty. Additionally, 2 assembly lines have been installed to produce orders that require Built in America status which will make available US government stimulus funds.
Company sales offices in New York, Florida, Virginia, and soon to open in California have been established and staffed. Our focus has been areas with high cost of energy -- note each of these areas the cost of energy exceeds .15 per kilowatt, which makes LED bulb replacement a must.
International subsidiaries have been established in Asia and Europe in anticipation of global distribution of SavWatt products.
An Exclusive Worldwide License has been entered into with P2i, a provider of a patented nano coating which will make our LED bulbs water and dirt resistant, a major differentiator from suppliers like Phillips, GE and Sylvania.
Our Ecopoles have been installed in strategic locations for testing and continued to be installed and upgraded. These tests provide valuable information for deployment of thousand units worldwide in the upcoming years. The ecopole has been classified as art sculpture and is aesthetically acceptable by communities nationwide.
Savwatt's web site, a project by itself. The site tracks all our products, specifications and uses. It tracks our ecopoles location with pictures, provides a calculator for all to see the saving affect of our LED lights, and is a repository of all news and sec information for our investors.
Our products are constantly changing due to technology advancements in this area. We pride ourselves as being able to bring the latest technological engineered products to market before our competitors due to our size and determination. Our products consist of outdoor, indoor, and our totally off the grid ecopoles and soon to be released sunpoles.
Our suppliers overseas and in the USA have recognized that our vision and marketing efforts are unique and have either entered into exclusive distribution agreements or partnership agreements to make SavWatt the brand of choice worldwide.
We have attended several trade shows over the year and have developed a database of hundreds of Energy Solution Providers that are hungry for information and partnership; we look forward to developing these relationships.
We have retained 3rd party consultants to apply for Carbon Credits for our ecopoles. With a projection of 10,000 units a $15 million carbon credit plan is in the works. Coupled with a successful forward sale of these credits, these funds will provide SavWatt substantial working capital for their deployment worldwide.
Our shareholder based grown to over 3,000 shareholders and this is one of our major assets for the new year
News 
Market Data 
Discover 
AI
