DALLAS, March 24, 2011 /PRNewswire/ -- Lumetech Group, a leading provider of commercial LED lighting solutions, and Lighting Science Group (OTC Bulletin Board: LSCG), a leading American maker of LED lighting, announced today the conversion of five downtown parking garages to energy efficient LED lighting, positioning Dallas as one of the first major cities in the United States to adopt this energy and cost saving technology.
"As a first-mover, the City of Dallas is leading this green initiative in Texas and has raised the bar and set the standard when it comes to efficient lighting technology that reduces energy consumption and operating costs. I want to commend City Councilman Ron Natinsky for embracing this new technology and establishing Dallas as a leader in going green," said Ron Lusk, CEO of Lumetech. "Lumetech will continue to partner with government and corporate clients to provide high performance LED lighting that saves energy and costs."
"With rising energy costs across the country, cities like Dallas are looking for ways to save energy -- the installation of Lighting Science Group's LED fixtures will significantly reduce the city's maintenance, replacement and energy costs," said Rich Weinberg, Chairman and CEO of Lighting Science Group.
Lighting Science Group's long-lasting and ultra-efficient Flat LowBay LED fixtures were installed in garages at Dallas City Hall, Dallas Public Library, the Jack Evans Police Building, the freight terminal beneath Thanksgiving Square and the Morton H. Meyerson Symphony Center. It is estimated that the annual energy savings for the City of Dallas will be in excess of 1,700,000 kWh or a 60% reduction in annual energy use. In addition, as a result of the enhanced performance and reliability of the new lighting, the City of Dallas expects to reduce substantial cost of maintenance over the lifetime of the fixtures.
"The City of Dallas is committed to acting in the best interests of its taxpayers and to improve the efficiency in which it operates. Over the past few years, we have actively worked to become more environmentally efficient and have enacted a number of important green initiatives, including the recent efficiency upgrade of our parking garages. I hope that our actions compel the leadership of other cities and private sectors to follow suit," said Ron Natinsky, Dallas Council Member.
The announcement comes on the heels of Lumetech's completion of Dallas County School's parking lots that will result in an estimated annual energy savings of over 505,000 kWh per year and approximately $363,600 in electricity and maintenance over the lifetime of the fixtures.
Lumetech partners with clients to provide energy efficient outdoor lighting solutions which include evaluation, best-of-breed products, incentive programs, installation, return on investment analysis and financing. firstname.lastname@example.org http://lumetech.com.
About Lighting Science Group
Lighting Science Group Corporation (OTC Bulletin Board: LSCG) designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group Design Works business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; the Company's European operations are based in Goes, The Netherlands; and, the Company has a sales office in Sydney, Australia. Lighting Science Group employs approximately 600 workers building lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.
Forward Looking Statement. Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements concerning the performance of LSG and its products and/or use terminology such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target" and variations of such words and similar expressions. Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by these statements. In evaluating these statements, you should carefully review the risk factors detailed under "Risk Factors" in our most recent filings with the Securities and Exchange Commission that may cause our actual results to differ materially from these forward-looking statements.
SOURCE Lighting Science Group Corporation