Revolution Lighting Technologies Acquires Relume Technologies to Increase LED Product Portfolio for Outdoor Lighting

  Revolution Lighting Technologies Acquires Relume Technologies to Increase
  LED Product Portfolio for Outdoor Lighting Applications and Smart Grid
  Control Systems

 Relume’s Complementary Product Offering to Drive New Market Penetration and
                          Accelerate Company Growth

Business Wire

STAMFORD, Conn. -- August 12, 2013

Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) (“Revolution Lighting”),
a leader in advanced LED lighting technology, today announced it has entered
into a definitive agreement to acquire Relume Technologies (“Relume”), a
leading manufacturer of outdoor LED products and smart grid control systems
for outdoor lighting applications.

Under the terms of the agreement, Revolution Lighting will pay a total
purchase price of $15 million for the Relume business on a debt-free basis and
with a minimal level of working capital. Approximately $5 million of the
purchase price will be paid in cash with the remaining value of $10 million
paid in Revolution Lighting common stock.

“Both Revolution Lighting and Relume share a mutual vision to providing high
quality, efficient and cost effective LED lighting systems through an active
distribution network that educates, trains and services our customer base,”
said Robert V. LaPenta, Chairman and Chief Executive Officer of Revolution
Lighting Technologies. “Relume’s leadership in LED outdoor lighting
applications will complement Revolution Lighting’s current LED product
portfolio, allowing us to reach new markets and offer new products and
services to our existing customers.”

While Revolution Lighting’s products are primarily focused on indoor
applications, Relume serves several outdoor LED markets, including municipal
street and roadway lights, parking lots and garages, pedestrian areas,
buildings and outdoor advertising displays. More than 75% of Relume’s business
is made up of outdoor lighting, with the remaining part of the business split
between smart grid control systems, and LED lighting for media and signage. In
addition, Relume’s patented Silver Circuitry™ process for LED thermal
management offers the first seven-year LED warranty, adding significant value
to Revolution Lighting customers by improving LED performance, lowering
operating temperature and extending LED life.

“Combining Relume’s LED lighting applications with the suite of products
offered by our existing Lumificient and Seesmart brands will help drive new
market penetration,” added Charlie Schafer, President and Chief Financial
Officer of Revolution Lighting. “Their demonstrated ability to deliver
significant value to its sales force and customers will play a key role in
contributing to and accelerating our profitable growth. We look forward to
working closely with Relume’s highly experienced team members to execute on
our shared vision as we build a world class LED company that delivers the best
results for our customers, employees and all stakeholders.”

Relume’s President and CEO, Crawford Lipsey, and the majority of Relume’s
management team will continue to operate the Company as usual from its current
facility in Oxford Michigan. Lipsey is a 30-year veteran of the lighting
industry and has deep expertise in LED lighting. Prior to joining Relume,
Lipsey served 10 years as Executive Vice President of Acuity Brands Lighting,
Inc.

“Revolution Lighting’s significant resources will allow Relume to invest in
the products, people, technology and equipment necessary to further accelerate
our growth in the LED lighting market,” said Lipsey. “Our businesses are an
ideal strategic fit and we are confident that our product offering,
engineering capabilities and sales resources will support and enhance
Revolution Lighting’s business and growth.”

About Revolution Lighting Technologies Inc.

Revolution Lighting Technologies, Inc. is a leader in the design, manufacture,
marketing, and sale of light emitting diode (LED) lighting solutions focusing
on the industrial, commercial and government markets in the United States,
Canada, and internationally. Through advanced technology and aggressive new
product development, Revolution Lighting has created an innovative,
multi-brand, lighting company that offers a comprehensive advanced product
platform. The company goes to market through its Seesmart brand, which
designs, engineers and manufactures an extensive line of high-quality interior
and exterior LED lamps and fixtures; Lighting Integration Technologies Inc.,
which sells and installs Seesmart products; and Lumificient, which supplies
LED illumination for the signage industry. Revolution Lighting Technologies
markets and distributes its product through a network of 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 additional information, please visit:
www.rvlti.com.

About Relume Technologies

Relume Technologies is a Mich.-based manufacturer of highly efficient,
environmentally friendly, and cost effective LED lighting products and control
systems. The company’s innovative technology is used in municipal lighting,
commercial signage, outdoor advertising, transportation, and U.S. military
applications. Relume’s products are American-made, ISO 9001:2008 certified and
carry an industry leading seven year warranty. Relume is a founding member of
the Michigan Solid State Lighting Association, and supports the organization’s
mission of ensuring that Michigan is a global leader in solid-state lighting,
research and development, and manufacturing. Relume was recently recognized as
one of Michigan’s 50 Companies to Watch by the Edward Lowe Foundation. For
additional information, please visit: www.relume.com.

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 the anticipated benefits of the Relume acquisition and statements
relating to the anticipated future growth and profitability of our business.
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 our history of losses, the potential for
future dilution to our existing common stockholders, our status as a
controlled company, the risk that demand for our LED products fails to emerge
as anticipated, competition from larger companies, and risks relating to third
party suppliers and manufacturers, as well as the other Risk Factors described
in Item 1A of our Form 10-K for the fiscal year ended December 31, 2012.
Revolution Lighting Technologies, Inc. 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.



Contact:

Contact:

ICR
Anton Nicholas, 203-682-8200
Anton.Nicholas@icrinc.com
Cory Ziskind, 203-682-8200
Cory.Ziskind@icrinc.com