SDG: Stocks on the move for Wednesday May 7, 2008
May 07, 2008 (M2 PRESSWIRE via COMTEX) -- PureSpectrum, Inc. Surges Upwards +27 % This Week On Major Product Development
Atlanta, Georgia- May 7, 2008; PureSpectrum, Inc. (Pinksheets:PSPM) continues to build momentum and investor interest as the company yesterday confirmed the test results of the testing done on their newly developed "dimmable ballast technology" for fluorescent light bulbs conducted by the Independent Testing Laboratories , which is a NVLAP-certified facility in Colorado.
The tests concluded and affirmed data that the PureSpectrum, Inc. proprietary "dimmable ballast technology" enabled a 320-watt T8 linear fluorescent to dim without performance losses from 100 percent of perceived light output to five percent of perceived light output in five percent increments.
Given the fluorescent lighting dominates the general lighting market and is expected to expand its market share as new technologies are developed to improve energy efficiency, affordability and performance. With more than a billion electronic fluorescent ballasts in use in the United States alone, the electronic ballast market already exceeds $10 billion per year and more than one hundred million new electronic ballasts are produced each year.
Shareholder Development Group announced coverage of PureSpectrum, Inc. on April 17, 2008. "We continue to believe PureSpectrum(Pinksheets:PSPM) is on the cutting-edge of new and innovative product development for their industry that is yet to be reflected in the valuation of the stock price", said Shareholder Development Group CEO, Tony Golden.
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