SOLON, Ohio, June 20 /PRNewswire-FirstCall/ -- Energy Focus, Inc. (NASDAQ:EFOI), formerly Fiberstars, Inc. (NASDAQ:FBST), a global leader in energy efficient lighting, today announced the installation of its fiber lighting system to illuminate the gems of Portland's premiere diamond jeweler, Carl Greve Jewelers. Located in the heart of downtown Portland, Carl Greve Jewelers showcase the world's most prestigious names in jewelry design with a selection of diamonds, timepieces and special collections.
Energy Focus' installation includes 39 custom designed EFO LightBeams, which highlight the dazzling gems while providing dramatic reductions in maintenance and energy costs of the display cases. Energy Focus' EFO Lightbeam provides the highest quality of white light while offering a lifespan three times longer than Carl Greve's previously installed lighting system. With the new installation of Energy Focus' fiber lighting, energy consumption has effectively dropped to one-third that of the previous system.
"Energy Focus has been repeatedly chosen as the most brilliant lighting option to accentuate high profile gems for an array of department stores and high-end retailers, and our project with Carl Greve Jewelers marks another accomplishment of bringing energy efficiency and beauty together," says John Davenport CEO of Energy Focus. "Our technology offers lighting designers a flexible application for distributing light directly to individual jewels to create a perfect sparkle." Energy Focus products can also be found dazzling the diamonds of Tiffany & Co. and London's Garrard, the personal jewelers of the Queen of England.
About Energy Focus, Inc.
Energy Focus, Inc.(NASDAQ:EFOI) is the leading supplier of fiber optic lighting and the world's only supplier of EFO(R), a lighting technology which is more efficient than conventional electric lamps. Energy Focus products are designed, manufactured and marketed for the commercial lighting, sign and swimming pool, and spa markets. Energy Focus fiber optic lighting provides energy savings, aesthetic, safety and maintenance cost benefits over conventional lighting. Customers include supermarket chains, retail stores, fast food restaurants, theme parks and casinos, hotels, swimming pool builders, spa manufacturers and many others. Company headquarters are located at 32000 Aurora Rd., Solon, OH 44139. The Company has additional offices in Pleasanton, CA, United Kingdom and Germany. For more information, see http://www.energyfocusinc.com/.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding the goals and business outlook for 2007 and thereafter, future pool market sales, the expected growth of and percentage of the Company to be represented by EFO, expected product development and introductions, and expected overall sales growth and profitability, and expected benefits, revenues. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Actual results may differ materially from the results predicted. Risk factors that could affect the Company's future include, but are not limited to, a slowing of the U.S. and world economy and its effects on Energy Focus' markets, failure to develop marketable products from new technologies, failure of EFO or other new products to meet performance expectations, unanticipated costs of integrating acquisitions into the Energy Focus operation, delays in manufacturing of products, increased competition, other adverse sales and distribution factors and greater than anticipated costs and/or warranty expenses. For more information about potential factors which could affect Energy Focus financial results, please refer to the Company's SEC reports, including its Annual Report on Form 10-K for the year ended December 31, 2006, and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements. DATASOURCE: Energy Focus, Inc.
CONTACT: Alanna Gino, +1-415-977-1918, , or Neil Torres, +1-415-977-1942, , both of Antenna Group for Energy Focus Web site: http://www.energyfocusinc.com/
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