/ CORRECTION - IEE Names Lighting Science(R) to Top Ten LED
/ CORRECTION - IEE Names Lighting Science(R) to Top Ten LED Lamp List
SATELLITE BEACH, FL -- (Marketwire) -- 01/16/13 -- In the news release, "IEE Names Lighting Science(R) to Top Ten LED Lamp List," issued January 15, 2013 by Lighting Science Group (OTCQB: LSCG), we are advised by the company that Keith Scott's title in the sixth paragraph should be "CCO" rather than "CEO" as originally issued. Complete corrected text follows.
IEE Names Lighting Science(R) to Top Ten LED Lamp List
DEFINITY(TM) Ranks Amongst the Best PAR 30 Reflector Lamps on the Market Today
SATELLITE BEACH, FL -- January 15, 2013 -- Lighting Science Group Corporation(R) (OTCQB: LSCG), one of the world's leading LED lighting technology companies, announced today that its DEFINITY(TM) PAR30 LED lamp has been recognized by the IEE, an Institute of the Edison Foundation, as one of the TOP TEN best LED lamps. Using an innovative approach that factors in energy efficiency, light quality, cost, and consumer appeal, three energy efficiency leaders -- IEE, TopTen USA, and Ecova -- teamed up to provide consumers with a list of the Top Ten PAR 30 LED reflector light bulbs on the market today.
The study focused on LED PAR30 and PAR38 (parabolic aluminized reflector) lamps because of their significant potential for energy savings with consumers. With approximately 150 million incandescent or halogen lamps in use in U.S. households, the potential energy savings in switching to long-lasting LED reflector lamps is vast.
DEFINITY(TM) products from Lighting Science(R) are leading-edge LED replacement lamps that deliver performance and affordability to consumers. The advanced lamp line is a result of an LED system design that encompasses efficient energy saving power supplies, unique thermal solutions to foster exceptionally long lamp life and a top-tier optical system that results in spectacular light quality.
"Our goal was to make it easy for consumers to find the best LED reflector lamps," said IEE Executive Director Lisa Wood, "and by best, we mean the most efficient, cost-effective, as well as consumer-friendly available."
LED reflector lamps are typically 360 percent more energy efficient than halogen reflector lamps. LED reflector lamps also offer a longer operating life -- typically in excess of 30,000 hours versus 2,000 hours for a halogen lamp. And the light that LEDs cast can be just as warm, focused, and dimmable. But with hundreds of LED products to choose from, finding the best products is a challenge. Now, consumers have a guide to the top performing LED lamps.
"We believe that our LED lamps are a significant advancement in the science of light and key to a more efficient, sustainable and brighter future," said Keith Scott, CCO of Lighting Science. "Consumers want solutions that make their homes feel comfortable and look even better. Our lamps enable our customers to achieve the best lighting results available today."
Testing protocol and results are available in the full report, Evaluation of Best-in-Class LED Reflector Lamps- January 2013, at: http://www.edisonfoundation.net/iee/Documents/IEE_Evaluation%20of%20Best-in-Class%20LED_Final.pdf
For additional information on Lighting Science and DEFINITY(TM) LED lamps, visit www.lsgc.com.
About Lighting Science Lighting Science Group Corporation (OTCQB: LSCG) designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science offers retrofit LED lamps in form factors that match those of traditional lamps or bulbs and LED luminaires designed for a range of applications including public and private infrastructure for both indoor and outdoor use. Headquartered in Satellite Beach, Florida, the company employs approximately 800 people. Lighting Science is a Pegasus Capital Advisors portfolio company. More information about Lighting Science is available at: www.lsgc.com
About IEE IEE is an Institute of the Edison Foundation focused on advancing the adoption of innovative and efficient technologies among electric utilities and their technology partners that will transform the power grid. IEE promotes the sharing of information, ideas, and experiences among regulators, policymakers, technology companies, thought leaders, and the electric power industry. IEE also identifies policies that support the business case for adoption of cost-effective technologies. IEE's members are committed to an affordable, reliable, secure, and clean energy future. For more information, please visit: www.edisonfoundation.net/iee
About Ecova Ecova is the total energy and sustainability management company whose sole purpose is to see more, save more, and sustain more for its clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, Ecova provides fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks, and enhance reputations.
About TopTen USA TopTen is a nonprofit dedicated to helping consumers find and buy the most energy-efficient products on the market. It provides regularly updated rankings of common products. For more information, please visit: www.toptenusa.org.
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 Lighting Science Group and its products and/or use terminology such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target," "soon," "will," "first of many" and variations of such words and similar expressions. Such statements reflect the current view of Lighting Science Group 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.
Contact: Samantha Wood McLarty Director of Marketing Lighting Science(R) Phone: 321-610-9608 E-Mail: Samantha.McLarty@lsgc.com
Nancy M. Valent Public Relations NMV Strategies Phone: 216-513-8740 E-Mail: nancy@NMVstrategies.com