NEW YORK, Dec. 8, 2010 /PRNewswire/ -- Vu1 Corporation (OTC Bulletin Board: VUOC), a developer and manufacturer of mercury-free, energy-efficient general illumination lighting technology, today announced it has accelerated the development and launch timetable for the company's 'A'-type Electron Stimulated Luminescence™ (ESL) light bulbs.
Vu1 anticipates its classic Edisonian 'A'-type, screw-in light bulb will be launched in European and U.S. markets in mid-2011, ahead of the company's original rollout plan. Millions of U.S. and European households use the A19 and its European equivalent, the A60; this introduction will position the company to capitalize on current and pending regulations that will accelerate the adoption of energy-efficient lighting solutions.
"In recent months since U/L certification for our R30 bulb, Vu1 has had productive discussions with a number of potential strategic channel partners, including national electrical retailers and distributors and 'big box' retail chains," commented Philip Styles, President and Chief Executive Officer. "During these discussions, we have also received very significant interest in Vu1's 'A'-type bulbs, which will be a direct replacement for the common household 40W and 60W light bulbs used in billions of households globally. As such, Vu1 has made the strategic decision to accelerate its plans for the introduction of its 'A'-type bulbs to both the U.S. and EU markets."
Even with better energy efficiency characteristics, consumers have been reluctant to adopt many of the current 'green' lighting alternatives, which often require a compromise on light quality, bulb shape or functionality. Vu1's A19 and A60 bulbs will offer a direct replacement for the traditional household incandescent with no compromises necessary. The company's ESL lighting technology uses accelerated electrons to stimulate phosphor and create light, making the surface of the bulb glow, providing natural light quality, energy efficiency and a long bulb life of 10,000 hours.
About Vu1 Corporation
New York City-based Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally friendly lighting solutions worldwide. Vu1 has developed a new, energy efficient light bulb to provide the consumer market with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products. Learn more about Vu1 at www.Vu1.com. For the latest news, find Vu1 on Facebook and follow us on Twitter.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, our ability to obtain the necessary funding required for our operations, the future demonstration and commercial availability of our light bulb, independent testing laboratories' certification results, timing for bulb production, manufacturing capability of our facility, future interest of channel partners and distributors, our strategic planning and business development plans, future applications of the technology, the viability, pricing and acceptance of our products in the market.. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the year ended December 31, 2009 and our other periodic reports as filed from time to time).