HUIZHOU, China, March 4, 2011 /PRNewswire-Asia-FirstCall/ -- China Intelligent Lighting and Electronics, Inc. ("China Intelligent" or "the Company") (NYSE Amex: CIL), a leading provider of lighting solutions that engages in the design, manufacture, sales and marketing of high-quality LED and other lighting products, today announced that its LED street lamps have passed the International Commission on Illumination's ("CIE") 127-1997 Standard Test, conducted by National Lighting Test Center. China Intelligent's LED street lamps have already passed tests conducted by Bureau of Quality and Technology Supervision of Dongguan City, Guangdong Province.
Ms. Li Xuemei, Chairman and CEO of China Intelligent, said, "The results of these tests show that our LED street lamps have outstanding performance in terms of luminous efficiency, luminance and uniformity. Our investments are focused on building our brand and our market share in the LED space. Our new production lines and expanded LED R&D facilities enabled our company to introduce new LED street lamps successfully last year. The LED street lamps are completely free from glare, and have lifetimes of over 50,000 hours, which is 5-10 times the life of traditional street lamps."
The Company has invested approximately US$ 1 million in its LED street lamp production lines. China Intelligent's LED street lamps are 72 lumens per watt, as compared to peer companies' lamps that average 65 lumens per watt.
About China Intelligent Lighting and Electronics, Inc.
China Intelligent Lighting and Electronics, Inc. (NYSE Amex: CIL) is a China-based company that provides a full range of lighting solutions, including the design, manufacture, sales and marketing of high-quality LED and other lighting products for the household, commercial and outdoor lighting industries in China and internationally. The Company currently offers over 1,000 products that include LEDs, long life fluorescent lights, ceiling lights, metal halide lights, super electric transformers, grille spot lights, down lights, and recessed and framed lighting.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the Company's ability to generate sufficient revenue to offset costs and expenses that include research and development; collectability of trade receivables due to the Company by its customers; the Company's ability to develop and market new products; the Company's ability to extend the term of its Trademark License Agreement to use the Hyundai™ trademark; the Company's ability to accurately forecast amounts of supplies needed to meet customer demand; the market acceptance of its products; exposure to product liability and defect claims; fluctuations in the availability of raw materials and components needed for the Company's products; changes in the laws of the PRC that affect the Company's operations; and the Company's ability to obtain all necessary government certifications, approvals, and/or licenses to conduct its business. New risk factors emerge from time to time and the Company cannot predict all such risk factors, nor can it assess the impact of all such risk factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
For more information, please contact:
China Intelligent Lighting and Electronics, Inc.
Taylor Rafferty, US
Delia Cannan, Investor Relations
Taylor Rafferty, Hong Kong
Amy Cheng, Investor Relations
SOURCE China Intelligent Lighting and Electronics, Inc.