OSRAM Mexico and Evolucia Inc. Announce LED Outdoor Luminaire Co-Marketing Agreement OSRAM ProPoint™ Cobrahead using Evolucia Aimed Optics™ Now Available in Mexico
TULTITLAN, Mexico and SARASOTA, Fla., Feb. 12, 2013 /PRNewswire/ -- OSRAM Mexico and Evolucia, Inc. (OTCBB & OTCQB: ILED), announce today that they have finalized an agreement whereby the companies will develop, deliver and market OSRAM ProPoint™ Cobrahead LED outdoor luminaires using Evolucia Aimed Optics™. Under the agreement, the companies will work together to integrate Evolucia's award winning Aimed Optics™ technology with superior LED modules and lighting controls from OSRAM. The combination is expected to result in one of the highest performing and highest quality LED outdoor luminaires in the industry.
"The combination of cutting edge LED technology from OSRAM with Evolucia's industry leading light distribution capabilities allows us to deliver high-performance and superior quality LED outdoor luminaires to our customer base," said Paolo Bortolan, Presidente y Director General - CEO of OSRAM Mexico. "The new OSRAM ProPoint™ Cobrahead using Evolucia Aimed Optics™ outdoor luminaire delivers the perfect amount of clean white light to the target area and uses up to 62% less energy than traditional fixtures."
Evolucia, Inc. is a Sarasota, Florida-based company that recently won the lighting industry's coveted Best LED Street Light award, in its category, which was presented by the US Department of Energy, largely because of the proprietary Aimed Optics technology that was invented by the company's lighting design team.
Mel Interiano, Chief Executive Officer of Evolucia, said, "We are extremely pleased to be partnering with OSRAM Mexico. We have invested more than $25 million in our Aimed Optics product development platform and have spent 5 years working to perfect the LED mounting angles, heat sinking and aesthetics to ensure that not only performance is at the highest level, but also that our products can be manufactured and delivered at extremely competitive prices."
OSRAM is one of the two leading light manufacturers in the world. The company's portfolio covers the entire value chain from components – including lamps, opto semiconductors like light-emitting diodes (LED) – to electronic control gears as well as complete luminaires, light management systems and lighting solutions. The company, which is very much internationally oriented, has around 39,000 employees worldwide and generated a revenue of 5.4 billion Euros in fiscal year 2012. More than 70% of its revenue comes from energy-efficient products. The company's business activities have been focusing on light – and hence on quality of life – for over 100 years.
About Evolucia Inc.
Evolucia, Inc. is an industry pioneer in the design, engineering, manufacture and distribution of high performance LED lighting systems to the global lighting markets. Evolucia received the United States Department of Energy's highest award for lighting within the LED category, and has installed thousands of its fixtures at military bases, universities, municipalities, and large commercial entities. Evolucia's LED lighting products are sold under the brand, Evolucia Lighting (www.evolucialighting.com).
All Evolucia products offer highly energy efficient, durable, commercial-grade LED lighting for both indoor and outdoor applications. The company's award winning cobra head and shoe box fixtures employ Evolucia's proprietary Aimed Optics™ technology, which increases light levels and visibility by strategically directing light to the target area. Evolucia fixtures require 50%- 80% less energy than traditional lighting, and last for approximately 12 years without maintenance.
Some of the statements made by Evolucia in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Evolucia 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 Evolucia'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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SOURCE Evolucia, Inc.