SUNOVIA made a sale !!
I wonder how much we lost on this one.
Just got this in my e-mail so I don't have a link
Seems like a little and a little too late
EvoLucia Logo
NEWS RELEASE
December 15, 2010
Contact:
Kristen Watson
(941) 751-6800 x308
EvoLucia, Inc.
City of Corunna, Michigan Installs EvoLucia® LED Street Lights
City reduces electricity bill by 50%
SARASOTA, Fla. -- EvoLucia, Inc., the LED lighting subsidiary of Sunovia Energy Technologies (OTC BB: SUNV), announced today that the city of Corunna, Michigan has retrofitted a number of downtown 175W metal halide streetlights with 48W EvoLucia LEDs.
The city installed the EvoLucia PTR Retrofit Kit, a "plug-and-play" LED retrofit product that allows for simple, one-for-one direct replacement using existing poles. The Department of Public Works simply removed the existing globes, replaced the HID lamps with the EvoLucia LED kits, and replaced the globes.
EvoLucia also sells complete LED fixtures for various applications, such as parking garages and architectural lighting. All EvoLucia products are designed to reduce energy consumption by 50 percent or more.
Corunna's downtown LED retrofit project was made possible by two grants from the Michigan Department of Energy, Labor and Economic Growth (DELEG) totaling $100,000. EvoLucia sales representative Mike Bay of Baylume, Inc., successfully bid the project and was awarded the contract.
"The city of Corunna loved the EvoLucia retrofit kit because it really is as simple as changing out a light bulb, but less than half the cost of changing out the entire fixture," said Bay. "The fact that they were able to use their existing poles meant that they could stretch their grant money further and retrofit twice the number of lights they originally thought they could."
"The current tracking of our electric bills shows that our electric wattage consumption has been cut in half," said Corunna City Planner Merilee Lawson. "In fact, we received a letter from Consumers Energy last month declaring us to justify why our electric usage had dropped so drastically. Current electric bills are showing a wattage usage reduction of more than 50%. We highly recommend the EvoLucia product."
"We're thrilled that the city of Corunna is so pleased with the results they are seeing from their EvoLucia products," said Jim Perkins, EvoLucia's executive vice president of sales and marketing. "Our goal and mission is to achieve the same dramatic results for cities across the country."
About EvoLucia and Aimed LEDs
Sunovia's LED lighting division, EvoLucia, Inc. (www.evolucialighting.com), offers highly efficient, durable, commercial-grade LED lighting for outdoor applications, including parking garages, streets and highways, parking lots, landscaping and more. The Aimed LED lights employ EvoLucia's proprietary, patent-pending Aimed Optics™ technology, which strategically directs light to the target area and provides better illumination for less electricity.
More information about Sunovia Energy and its EvoLucia LED lighting subsidiary is available in the company's Securities and Exchange filings, which can be found at www.sec.gov or at www.sunoviaenergy.com.
Forward-Looking Statement
Some of the statements made by Sunovia in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Sunovia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Sunovia's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
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There are good companies with a bad stock and.. bad companies with a good stock. The key for success of either is the management!!
