SavWatt Updates Shareholders on May Events
May 11 2011 - 4:00PM
Marketwired
SavWatt USA, Inc. (OTCBB: SAVW), a leader in LED lighting
technology and the green revolution, releases the following current
events for shareholders:
SavWatt has formed a European Subsidiary which will be based in
the UK, SavWatt Europe, Inc. managed by Miller Mays and Javier
Herrero. SavWatt Europe will market SavWatt Energy Efficient LED
Light Bulbs and Fixtures in the European community. Europeans are
far more progressive on LEDs and therefore businesses,
institutions, and homes are several years ahead of the U.S. in
using clean energy and are replacing incandescent bulbs with LEDs
at a faster pace. The use of Carbon Credits makes the European
Community a prime market for SavWatt.
SavWatt has signed partnerships and distributions agreement with
two Korean companies, KEC Enercom (www.koreaenercom.com) and
Solarluce (www.solarluce.com) for distribution of their LED
products. Both companies are leaders in Korea with government
backing. These international agreements will greatly broaden
SavWatt product lines which will in turn provide SavWatt
distributors an extensive product line for their offering. Both
Companies' products will be featured in the upcoming Lightfair to
be held May 17-19 in Philadelphia.
SavWatt's Baltimore Eco Hub, a 21,000 square foot facility is
under construction with a target completion date of June 10. A
ribbon cutting ceremony is scheduled for June 23, 2011 where we are
anticipating several Maryland dignitaries to attend. The facility
will house a model assembly and quality control center, university
center, and showroom.
SavWatt will attend Lightfair International in Philadelphia on
May 17th - May 19th, our booth number is #661. SavWatt will
showcase our Eco-Pole and Waterproof Hex Lamp products. All SavWatt
staff and distributors will be attending, including SavWatt
overseas partners. This international event will mark the official
launch of SavWatt and its product line. Lightfair International is
the world's largest annual architectural and commercial lighting
trade show and conference. It blends continuing education courses
with innovative products ranging from high-end design to
cutting-edge technology.
SavWatt employee base now consists of 23 personnel and is
increasing daily.
About SavWatt Fast becoming the market leader in LED lighting,
SavWatt focuses on developing innovative, energy-efficient and
cost-effective LED lighting solutions. By delivering value added,
application-specific LED lighting systems, we can significantly
reduce energy costs and minimize our carbon footprint world-wide.
SavWatt is leading the LED lighting revolution and setting the
stage to obsolete the incandescent light bulb. SavWatt's product
families include LED fixtures, bulbs, street lights, and parking
lights. For additional product and company information, please
refer to www.savwatt.com . To hear audio updates on the company
text SAVW to 46800. Visit our official Facebook page at
http://www.facebook.com/SavWatt.
This press release contains forward-looking statements involving
risks and uncertainties, both known and unknown, that may cause
actual results to differ materially from those indicated. Actual
results may differ materially due to a number of factors, including
the risk we may encounter delays or other difficulties in
ramping-up production of our new products; the rapid development of
new technology and competing products that may impair demand or
render SavWatt's products obsolete; and other factors discussed in
SavWatt's filings with the Securities and Exchange Commission,
including its report on Form 10-K for the year ended December 31,
2009, and subsequent filings.
SavWatt and Eco-Pole are registered trademarks of SavWatt USA,
Inc.
Contact: Brendan Magone Investor Relations 1-307-399-2507 Email
Contact Text BRENDAN to 46800 (GO800)
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