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Revolution Lighting Technologies Closes Acquisition of Relume Technologies

  Revolution Lighting Technologies Closes Acquisition of Relume Technologies

Business Wire

STAMFORD, Conn. -- August 22, 2013

Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) (“Revolution Lighting”),
a leader in advanced LED lighting technology, today announced that it has
closed its acquisition of Relume Technologies (“Relume”).

Through this acquisition, Revolution Lighting now has a leading LED product
portfolio for outdoor lighting applications and smart grid control systems.
Revolution Lighting’s newly acquired LED product portfolio will enable the
Company to drive new market penetration and accelerate growth.

As previously announced on August 12, 2103, under the terms of the agreement,
Revolution Lighting paid a total purchase price of $15 million for the Relume
business on a debt-free basis. Approximately $5 million of the purchase price
was paid in cash with the remaining value of $10 million paid in Revolution
Lighting common stock at a price of $4.59 per share. The transaction is being
financed by $5 million in five-year preferred stock issued to RVL LLC,
exchangeable into common stock at an exchange rate of $4.59.

“Revolution Lighting has a vision to provide 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.
“Adding Relume’s expertise in LED outdoor lighting applications significantly
enhances Revolution Lighting’s LED product portfolio, and will allow
Revolution Lighting to reach new markets and offer new products and services
to our existing customers.”

LaPenta concluded, “This acquisition is another step in the right direction
for Revolution Lighting as we build a world class LED company that delivers
the best results for our customers, employees and all stakeholders.”

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:

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