Sunovia Energy Technologies Changes Name and Stock Ticker Symbol Evolucia Inc. and ILED Reflect Company's Core Intelligent LED Lighting Business
SARASOTA, Fla., Aug. 16, 2012 /PRNewswire/ -- Evolucia Inc., (OTCBB & OTCQB: ILED), replaces the Sunovia Energy Technologies, Inc corporate name and the SUNV stock ticker effective today as announced by FINRA. The new name and ticker underscores the company's leadership in the development and commercialization of high performance LED (light emitting diode) lighting systems, and connects the company more directly to the lighting products and brand that represent its core business.
"This is one of our first steps in the total rebranding and refocusing of the company and its product mix," said Evolucia Chief Executive Officer, Mel Interiano, "Evolucia brand equity is growing and our Evolucia Aimed Optics™ product platform has gained international recognition as a leading and award winning lighting technology. It makes sense to tie product and corporation under one brand and use a stock ticker that addresses our core business: intelligent LED lighting systems."
About Evolucia Inc.
Evolucia Inc. (formerly: Sunovia Energy Technologies) is an industry pioneer in the design, engineering, manufacture and marketing 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.
SOURCE Evolucia Inc.