Viper Networks And LEDs America Formalizing Multiple Export Marketing Agreements
January 09 2012 - 9:00AM
Business Wire
Viper Networks, Inc. (PINK SHEETS: VPER), in conjuction with
LEDS America, Inc., is pleased to announce that both companies are
close to formalizing sales and marketing export rights for Viper
Networks to retain exclusivity for a number of countries in several
geographical regions worldwide.
Final terms of the agreement(s), which should be concluded in a
matter of days, is expected to define each country and/or regional
territory that Viper Networks will receive exclusivity for, the
total number of years for 100% exclusivity, to be followed by
annual sales and/or revenue benchmarks for the Company to receive
automatic exclusivity renewal.
Additionally, the management at Viper Networks anticipates that
any exclusivity agreement signed with LEDS America will include
such rights for all current and future products developed,
engineered and manufactured by LEDS and all products sold under
their LED-O ® registered brand name.
A 2007 U.S. law requires light bulbs have to be at least 25%
more energy efficient starting in January 2012, meaning traditional
incandescent bulbs will be phased out. Although some of the
replacements have been with compact fluorescent lamps (CFLs), many
consumers do not like these longer lasting ‘swirl’ bulbs for giving
off what many say is inferior light.
LEDs America has developed a breakthrough in creating an LCC-
LED Cluster Chip technology light source to replace incandescent
bulbs. Current products also include replacements for the popular
60W and 40W light bulbs, which are sold under the LEDS America
brand name LED-O®, which with combined features will save over 90%
of the energy used in a standard bulb, and 50% compared to a CFL
(compact fluorescent lamp), while emitting no UV light and
containing no mercury.
The LED-O® fits all standard fixtures and lamps, is 100%
recyclable and can be used with any voltage 85-265 V.
LED America, Inc.’s products are marketed under the registered
(®) brand name LED-O.
For additional information, please visit www.vipernetworks.com,
www.LEDsAmerica.com and www.LEDOglobal.com.
Except for the historical information contained herein, this
press release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
the results predicted and reported results should not be considered
an indication of future performance.
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