Premier Holding Announces 240-Volt Version of Award-Winning LiteOwl
Premier Holding Announces 240-Volt Version of Award-Winning LiteOwl
New Technology Dramatically Expands Company's Market
TUSTIN, CA -- (Marketwire) -- 03/06/13 -- Premier Holding Corp. (the "Company") (OTCQB: PRHL) and its president and CEO, Randall Letcavage, were proud to announce today the completion of the development of a 240-volt version of its award-winning LiteOwl energy savings device specifically designed for streetlights. Premier Holding Corp.; its subsidiary, Energy Efficiency Experts ("E3"); and its licensees will immediately begin marketing this product. The product development is very timely with the recent acquisition of The Power Company USA, LLC, and its list of commercial clients and prospects.
"The LiteOwl is designed to attach to existing HID streetlights and provides an immediate 20 percent to 25 percent energy savings. It is a cost-effective alternative to ripping out existing lamps and replacing them with emerging technologies which may not have passed the test of time. This new 240-volt version of the LiteOwl dramatically expands the market for this technology," said Letcavage. "It virtually doubles the number of streetlights for which our technology is compatible."
In 2011, the LiteOwl was named a Top Product by building and facility executives who participated in a national survey conducted by Building Operating Management magazine. The Building Operating Management Top Products Award winners were selected by ballots sent to facilities professionals responsible for the management of commercial, government, educational, retail, medical, hospitality and industrial buildings. A total of 557 products that appeared in the magazine or on FacilitiesNet.com between Oct. 1, 2010, and Sept. 30, 2011, were judged. Readers were asked to select their choices for Top Products that met the criteria of innovation and usefulness to facility managers. Based on reader votes, the LiteOwl was selected as a top pick.
Letcavage added, "With all the emerging technologies in lighting efficiencies, the savvy decision maker is wise to wait while these various options sort themselves out and mature. While they wait, they can install the LiteOwl on their existing lamps and start saving energy immediately. It is an honor to have this fully mature technology elevated above all the other emerging lighting efficiency choices by people who make the purchasing decisions for their facilities, namely the readers of Building Operating Management magazine."
The technology is the basis for some of the most energy-efficient lighting control products within the industry for existing HID lamps, providing reliable, cost-effective solutions. The various products based on this technology include the E-Series (energy management modules for commercial and industrial buildings, high bay and high mast indoor or outdoor lighting), LiteHawk (energy saving lighting controls for strings of street lights, parking lot lights and lighted outdoor media signage) and the LiteOwl (energy saving lighting controls for individual street lights with standard photocells). These products allow lighting users to enjoy significant reductions in their energy consumption without the high degree of complexity, cost and risk often associated with emerging, untested and ever-changing lighting retrofit strategies.
Making some of the most efficient lamps in the world even more efficient, these lighting controls are elegant upgrades to existing lighting systems.
As reported last year, Muni-Fed Energy, Inc., has the exclusive right to sell the LiteOwl lighting power controller through its well-established relationships in the municipal, federal and utility provider markets.
"All of us at Muni-Fed Energy are very excited with this new version of the LiteOwl and have had clients waiting for its release," stated Phil Bowman, president and CEO of Muni-Fed Energy. "We are confident about the potential of success in integrating this new version of the LiteOwl technology for our clients running 240-volt streetlights. We have experienced an excellent reception to the 120-volt version and this new version allows us to reach more of our client base."
About Premier Holding Corp. The Company provides financial and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. The Company also intends to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated and utilize the overall economics of such products and services for the benefit of its customers. Through its various subsidiaries it offers energy efficiency products and services to commercial middle-market companies, Fortune 500 brands, developers and management companies of large-scale residential developments. Additional integrated business offerings include direct energy services as power purchase agreements (PPAs), energy financing and leasing of lighting efficiency systems, refrigeration systems and other energy efficiency technologies. Visit www.prhlcorp.com for more information.
About Muni-Fed Energy Inc. Muni-Fed Energy engages in renewable energy development (solar, wind, waste to energy) energy efficiency integration, consulting and financing. The company serves federal, municipal and commercial clients. Its team's experience and diverse capabilities allow them to take on challenging projects in a variety of locations ranging from commercial sites, hospitals, schools, universities and government facilities to utility-grade clean energy projects. Muni-Fed works as a comprehensive partner to its clients, from project discovery all the way through to finance and development. They align with strategic partners to deliver effective technologies and services to address energy supply, energy demand, infrastructure and financing solutions.
About Building Operating Management Building Operating Management is the leading magazine for building owners and facility executives in commercial and institutional buildings. Readers are executives who own or manage high-rise office buildings, college campuses, school districts, hospitals, medical clinics, retail chains, hotels and government buildings. Building Operating Management's editorial coverage explores timely topics such as: energy efficiency and strategies, facility technology, executive management, safety and security, facility management, and green buildings. Building Operating Management reaches circulation of 73,000 and has been recognized as a Neal Award finalist for editorial excellence.
Premier Holding Corp. Safe Harbor This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward- looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
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