Revolution Lighting Tech... (NASDAQ:RVLT)
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1 Year : From Oct 2018 to Oct 2019
Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) (“Revolution Lighting”), a global provider of advanced LED lighting solutions, today announced the expansion of its rNET lighting controls system capabilities through the integration of the advanced, high quality control sensors by SENSORWORX, a market leading controls technology company based in Essex, Connecticut.
The addition of SENSORWORX solutions to the rNET platform will provide a unique advantage for Revolution Lighting, allowing rNET to further expand its overall lighting control solution capabilities for its customers. SENSORWORX products have been uniquely designed with the latest generation of microprocessors to enhance passive infrared and acoustic occupant detection technologies. The SENSORWORX product line, made exclusively in the U.S., will integrate seamlessly with Revolution Lighting’s rNET lighting controls system to offer a simple, flexible and open approach to lighting controls, making it easier for organizations to design and implement a system, custom tailored to current needs and adjustable in the future.
This collaboration also continues Revolution Lighting’s initiative to feature products made in the U.S., expanding its overall product offering with Buy American Act (BAA) and Trade Agreement Act (TAA) solutions. The Company most recently expanded its Simi Valley, California facility to support the growth of its BAA/TAA-approved product line.
“We are pleased to partner with SENSORWORX, another great tech company here in Connecticut, to further strengthen the capabilities of our advanced rNET lighting controls platform,” said Robert V. LaPenta, CEO and Chairman, Revolution Lighting. “We are committed to the continued expansion of our product lines offering BAA & TAA solutions, and to ensure that we offer only highest quality LED lighting and controls solutions available for our customers.”
“SENSORWORX is excited to partner and integrate our products with Revolution Lighting’s rNET Lighting Controls Platform,” said Josh Bond, Vice President, SENSORWORX. “We look forward to supporting their team and growing through Revolution Lighting’s multiple channels of business. Coming together with a fellow Connecticut company and strengthening the high-quality BAA network is very important to us. We will also value greatly from the feedback received from the Revolution Lighting team and their clients which will help us continue to enhance and expand our product line for the rNET Lighting Controls Platform.
The Buy American Act and Trade Agreements Act, were put in place, requiring federal agencies to first consider American-made products over foreign ones. Since 1975, almost 20% of the federal government’s annual energy expenditures and use has been on electricity, representing a significant market opportunity for Revolution Lighting to provide its energy efficient LED solutions while continuing to provide industry-leading American-made products.
About Revolution Lighting Technologies Inc.
Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of LED lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced LED technologies, Revolution Lighting has created an innovative lighting company that offers a comprehensive advanced product platform of high-quality interior and exterior LED lamps and fixtures, including signage and control systems. Revolution Lighting is uniquely positioned to act as an expert partner, offering full service lighting solutions through our operating divisions including Energy Source, Value Lighting, Tri-State LED, E-Lighting, All-Around Lighting and TNT Energy to transform lighting into a source of superior energy savings, quality light and well-being. Revolution Lighting Technologies markets and distributes its products through a network of regional and national independent sales representatives and distributors, as well as through energy savings companies and national accounts. Revolution Lighting Technologies trades on the NASDAQ under the ticker RVLT. For more information, please visit http://www.rvlti.com/ and connect with the Company on Twitter, LinkedIn and Facebook.
Cautionary Statement for Forward-Looking Statements
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties, including statements about the public offering, Revolution Lighting’s proposed use of proceeds and statements relating to expectations regarding the completion of the public offering. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Reference is made to Revolution Lighting’s filings under the Securities Exchange Act for additional factors that could cause actual results to differ materially, including the Risk Factors described in Item 1A of our Form 10-K for the fiscal year ended December 31, 2015. Revolution Lighting Technologies undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.
Investor Relations Contact:Amato and Partners, LLCInvestor Relations Counseladmin@amatoandpartners.com
Media Contact:Matthew BretziusFischTank Marketing and PRmatt@fischtankpr.com