Lighting Science Group Named Lighting Technology Advisor to R20 Global Climate Change Coalition
Company Asked by Governor Schwarzenegger to Advise Governments Around the World on the Use of LED Lighting to Increase Energy-Efficiency and Reduce Greenhouse Gas Emissions
Dec. 1, 2010 (PR Newswire) --
SATELLITE BEACH, Fla., Dec. 1, 2010 /PRNewswire/ -- Lighting Science Group Corporation (OTC Bulletin Board: LSCG), a leading American maker of LED lighting, has been named by Governor Arnold Schwarzenegger to advise the R20 Regions of Climate Action on how to use ultra-efficient LED lighting solutions to significantly reduce greenhouse emissions. The mission of the R20, a coalition of some 100 regional, state and provincial governments from Africa, Asia, Europe and the Americas, is to develop and implement low-carbon and climate resilient projects through cooperation among subnational governments from around the world.
In a letter addressed to Lighting Science Group Chairman and CEO Zach Gibler, Governor Arnold Schwarzenegger said, "I would first like to recognize and thank you and the Lighting Science Group for the work you have done thus far in successfully developing and implementing LED technology for indoor and outdoor lighting projects. Lighting Science Group has a proven history of success in creating intelligent LED lighting solutions which then contribute to greater energy efficiency and lower GHG emissions. Accordingly, I would like to request that Lighting Science Group serve as the Lighting Technology Advisor to the R20."
"It is an honor to be chosen by Governor Schwarzenegger to serve as the lighting technology advisor to this very important climate change organization," said Zach Gibler, chairman and chief executive officer of Lighting Science Group. "Increasing energy-efficiency is the most powerful and cost-effective tool for achieving a sustainable future. Imagine cutting the world's energy use by 18% by simply changing out inefficient incandescent light bulbs and replacing them with ultra-efficient LED light bulbs. At Lighting Science Group we are making this dream a reality, and we are pleased to have the opportunity demonstrate to R20 coalition members around the world how they can use LED lighting technology to significantly reduce greenhouse gas emissions."
For years, high-output and low-cost LED lighting products have been just out of reach, but Lighting Science Group has revolutionized the science of light in America to produce lighting products that deliver on the promise of LED technology. From the International Space Station to the Times Square Ball to other projects in major cities across the world and now in homes, the company's LED solutions are increasing energy independence and saving consumers, businesses and governments significant amounts of money. In fact, Lighting Science Group's products are so state-of-the-art, the company has been chosen a partner of NASA to develop of cutting-edge lighting technologies for use in space, and recently received the industry's first ENERGY STAR label for an LED light bulb.
Major lighting retailers, lighting companies, retail chains, restaurants, cities like Salt Lake City, UT and Lewiston, ME, military installations such as Naval Base Ventura County, CA, and world renowned architects and builders have all chosen Lighting Science Group to be their lighting technology provider. Why? The company's products produce a better combination of more light at a lower price -- with longer life and better lighting quality -- than other LED products on the market.
For more information on Lighting Science Group's LED products, visit www.lsgc.com.
About Lighting Science
Lighting Science Group Corporation designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group Design Works business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; the Company's European operations are based in Goes, The Netherlands; and, the Company has a sales office in Sydney, Australia. Lighting Science Group has over 400 workers in its Satellite Beach, Florida manufacturing facility that build lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.
Forward Looking Statements Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements include, but are not limited to statements regarding the performance of LSG and the performance of LSG's products using terminology such as "will," "should," "would," "could," "expect," "intend," "plan," "anticipate," or "believe." Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements. Readers should carefully review the risk factors detailed under "Risk Factors" in our most recent Form 10-K and subsequent Form 10-Qs on file with the Securities and Exchange Commission.
SOURCE Lighting Science Group Corporation
Source: PR Newswire (December 1, 2010 - 9:00 AM EST)
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