New $40 Million Las Vegas Mega Theater to Benefit From Light Quality, Reduced Costs SOLON, Ohio, March 15 /PRNewswire-FirstCall/ -- Fiberstars, Inc. (NASDAQ:FBST), the global leader in fiber optic lighting, today announced the installation of Fiberstars EFO(R) lighting in the new $40 million custom-built theater at the Venetian Resort Hotel in Las Vegas. Home to Phantom: The Las Vegas Spectacular -- an all-new production based on the original Phantom of the Opera -- the 1,800-seat playhouse is the latest in a series of EFO systems currently installed within major hotel chains along the Las Vegas strip. "When developing plans to customize the theater, our vision was to do something unique and different in order to remain consistent with the other elaborate venues and theaters which have become a staple of Las Vegas entertainment," said Vivien Leone, associate lighting designer for the Phantom of the Opera. "However, we also wanted to cover every level of detail, which included selecting a lighting system that would significantly reduce maintenance costs. Fiberstars EFO not only met these criteria, but far surpassed expectations when you factor in the time and manpower required, as well as the high energy costs associated with alternative lighting approaches." EFO systems were installed into wall fixtures located on the dome-shaped roof of the theater, replacing the proposed MR16 halogen bulbs reducing energy consumption while minimizing installation costs. The EFO systems is integrated into the theater's DMX lighting system protocol used by engineers to control the various lighting adjustments required throughout a performance. In addition, with traditional lighting systems, replacing burned out bulbs would be a difficult task as not all bulbs would have been accessible via catwalk and therefore scaffolding would need to be brought in. Fiberstars EFO resolves this problem saving time as well dramatically reducing maintenance costs. "With everything that goes into producing such an extravagant show, most individuals don't realize how critical a role lighting technology plays in putting on a successful performance," said Fiberstars' CEO John Davenport. "Not only does this installation highlight the savings benefits with regards to energy usage and installation, but also the value of our remote access capabilities and EFO's ease of use when combined with other lighting systems such as stage and house lights." Fiberstars products can be found in grocery store aisles, department stores, office buildings, as well as world famous museums and resorts around the globe. About Fiberstars, Inc. Fiberstars, Inc. 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. Fiberstars products are designed, manufactured and marketed for the commercial lighting, sign and swimming pool, and spa markets. Fiberstars 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, New York City, United Kingdom and Germany. For more information, see http://www.fiberstars.com/ . Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For information about potential factors which could affect Fiberstars financial results, please refer to Fiberstars' SEC reports, including its Annual Report on Form 10-K for the year ended December 31, 2005, and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Fiberstars disclaims any intention or obligation to update or revise any forward-looking statements. DATASOURCE: Fiberstars, Inc. CONTACT: Alanna Gino, +1-415-977-1918, or , or Neil Torres, +1-415-977-1942, or , both of Antenna Group, for Fiberstars Web site: http://www.fiberstars.com/

Copyright

Fiberstars (NASDAQ:FBST)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Fiberstars Charts.
Fiberstars (NASDAQ:FBST)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Fiberstars Charts.