SavWatt Signs Exclusive Licensing Agreement With P2i to Make SavWatt LED Lights Water and Dirt Resistant
August 22 2011 - 8:02AM
Marketwired
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the
Green Revolution, announced today that it has entered into an
exclusive worldwide license for LED lights utilizing P2i's liquid
repellent nano-coating technology, see www.p2i.com. P2i, the world
leader in liquid repellent nano-coating technology, has won an
International Stevie Award for 2011's 'Most Innovative Company in
Europe' at the 2011 International Business Awards (IBAs), in
recognition of how the company's revolutionary technology
challenges the way people think about everyday conventional liquid
protection.
Carl Francis, Chief Executive at P2i, comments: "We have a
highly innovative, fast growing and scalable business which is
based on proprietary and game-changing technology. Originally
developed to protect military clothing against chemical warfare,
our liquid repellent nano-coating is now applied throughout five
key sectors: Electronics; Lifestyles; Life Sciences; Filtration and
Energy; Military and Institutional. We are building on our
cutting-edge technology in liquid repellency by moving into
anti-microbial, anti-scratch, anti-stain and other functional
nano-coatings as well. Working with LED lights opens a whole new
sector of applications and we are excited to work with
SavWatt."
"This exclusive license from P2i strengthens our goal of
becoming the leader in LED lighting and provides a differentiating
factor for SavWatt LEDs, especially for outdoor lights and street
lights. P2i's technology will definitely be game changing for
SavWatt in the worldwide LED Lights market segments for Cruise
Ships, Marine Industry and the Navy," noted Ike H. Sutton, founder
of SavWatt.
About P2i P2i is the world leader in
liquid repellent nano-coating technology. It was established in
2004 to commercialize liquid-repellent treatments developed by the
UK's Ministry of Defense. Now on a commercial scale, P2i's patented
process has been successfully applied to a wide range of products
in a wide range of markets including lifestyle, electronics,
military and institutional, life sciences, energy and filtration.
In consumer sectors, the presence of P2i's technology is indicated
either by ion-mask™, its brand for footwear, outdoor clothing and
accessories, or Aridion™, its brand for electronics. See
www.p2i.com for more information.
About SavWatt SavWatt is leading the LED
lighting revolution and setting the stage to obsolete the
incandescent light bulb through the use of energy-efficient,
environmentally friendly LED lighting. SavWatt is a market-leading
innovator of LED lighting. 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 recorder updates on the company text SAVW to 46800.
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 is a registered trademark of SavWatt USA, Inc.
Contact: Brendan Magone Investor Relations Email Contact
1-443-449-2886
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