Cavet Technologies Wins Commercialization Award

CATAAlliance Innovation Awards Program Acknowledges LumiSmart Intelligent Lighting Controller

TORONTO, May 20 /PRNewswire/ - Cavet Technologies Inc. today announced it is the recipient for the Celestica Award for Technology Commercialization. The award is part of the 25th Annual Canadian Advanced Technology Alliance (CATAAlliance) Innovation Awards program. This new award is presented to Cavet Technologies for its outstanding technology engineering development, which has resulted in the production of a world-class product incorporating advanced manufacturing and innovative electronics in the LumiSmart ILC(TM).

"We are delighted that the LumiSmart ILC has received such favorable reception, said Albert Behr, President and CEO of Cavet Technologies. "This acknowledgment from CATAAlliance falls on the heels of our award as finalist for Best New Technology and Best Lighting Controller at Lightfair International 2010. "It is an honor to receive such widespread global acceptance of the LumiSmart ILC, especially since we only introduced the product earlier this month. We are thrilled and humbled."

CATAAlliance is the largest high-tech association in Canada, and is the foundation for commercialization, market research, networking, events, access to other associations, and professional development, across the nation.

LumiSmart ILC is the first of a new class of Smart Grid-enabled lighting controllers that provide microprocessor-driven adaptive control of lighting circuits to reduce power consumption while providing an instant 30 per cent or more power reduction without replacing any existing lamps, ballasts or fixtures. The LumiSmart ILC is Internet-ready (with the addition of the upcoming LumiSmart DRC - Demand Response Control module) and will enable full remote "command and control" for utilities, property managers and customers, allowing for on-demand reaction to real-time electrical events. Cavet's LumiSmart ILC also helps reduce carbon emissions by actively reducing energy consumption at the source, and therefore minimizes strain on the electrical grid. This decrease in carbon footprint results in a reduction in greenhouses gases released into the atmosphere.

Benefits of LumiSmart ILC

LumiSmart ignites a new way of thinking about energy efficient lighting solutions and offers a number of energy and costing savings benefits, including:

    -   Maintaining light level quality with reduced energy consumption;
    -   Providing a positive impact to net income through energy bill
        reduction;
    -   Delivering a return on investment from 12 to 24 months, depending on
        the lighting system;
    -   Offering energy reduction data that is quantifiable, measurable and
        traceable;
    -   Providing CO2 emissions that can be tracked and reported;
    -   Reducing electricity consumption of 30% or more, subject to facility
        requirements;
    -   Offering a Smart Grid-enabled device that is ready to connect to any;
        and
    -   Supplying Smart Grid utility (Smart Grid module).

About Cavet Technologies Inc.

Cavet Technologies Inc. is a company built on the belief of sustainability. The company is a proud member of the Canadian and US Green Building Councils. Since 2001 has been engineering and perfecting waveform modification technologies that save energy and reduce greenhouse gas emissions. The company owns six patents and manufacturers its product, LumiSmart in Canada. Cavet Technologies was founded on 10 years of engineering in lighting energy consumption reduction and holds several patents for this technology and is fast becoming recognized Canadian success story with the LumiSmart ILC. Cavet's mandate is bringing innovative, sustainable and green technologies to fruition in the marketplace through a focus on quality product development and efficient and scalable distribution channels managed through a network of international partners. To learn more about Cavet Technologies Inc., please visit www.cavettech.com.

SOURCE Cavet Technologies Inc.