SavWatt Updates Shareholders on Progress
September 20 2011 - 10:25AM
Marketwired
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the
Green Revolution, announced today that the Company is progressing
with the following initiatives:
- On August 30 the ground breaking ceremony took place for
SavWatt's newly installed Eco-Pole installation at the University
of the District of Columbia, in the Nation's Capital. UDC's Office
of International Programs Exchange, Ambassador-at-Large and
Director of UDC Denis Antoine commented, "This Eco-Pole sets the
precedent for a 'greener' and energy efficient planet and has
exceeded our expectations, UDC is now looking at installing an
additional 10 Eco-Poles." Pictures from the event can be seen by
clicking:
http://www.facebook.com/media/set/?set=a.253223294701002.61457.189354167754582.
- The newly installed Eco-Pole at the Port Authority facility in
Staten Island, NY weathered hurricane Irene and demonstrated our
Eco-Poles performance under severe weather conditions, resulting in
uninterrupted performance. SavWatt is now working with the Port
Authority in identifying energy saving lighting solutions for their
facility.
- The town of Bladensburg, MD is scheduled to receive their first
two Eco-Poles this week. Bladensburg Town Administrator John Moss
commented, "We are excited for the Town of Bladensburg. Being able
to contribute to a cleaner, greener, and energy efficient planet is
always a terrific cause. These Eco-Poles will be the beginning of
many energy saving and 'green' ventures with SavWatt."
- SavWatt attended FMA Progressive Energy, Environment &
Sustainability Congress in Chicago, Illinois. The FMA provides a
unique platform to converge and share solutions on issues of
environmental sustainability and energy reduction. SavWatt
presented its LED Light Solutions to 100 high level corporate
Fortune 1000 executives.
- SavWatt's Shareholders Tour at our new facility in Baltimore,
MD was postponed due to hurricane Irene, the new date is Saturday,
October 1 from 10 AM - 1 PM. If you are a shareholder and would
like to attend, please RSVP to ir@savwatt.com.
- A video is available on YouTube for SavWatt's July Opening
Event, click on http://www.youtube.com/watch?v=AtkYIaOtSaY.
- SavWatt's Eco-Pole installation at Stony Brook University's new
Energy Center in Stony Brook, New York is set for this month.
Installation will precede the planned Grand Opening Ceremony and
Ribbon Cutting ceremony of the facility by NY Governor Andrew
Cuomo.
- SavWatt has retained Green Giant Venture Fund
(http://www.greengiantventures.com ) to investigate Carbon Credits
that will be available to the company for the installation of
Eco-Poles worldwide over the next 5 years. If qualified, Carbon
Credits can be sold forward providing substantial working capital
for SavWatt.
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 worldwide.
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.
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,
2010, and subsequent filings.
SavWatt and Eco-Pole are registered trademarks of SavWatt USA,
Inc.
Contact: Investor Relations 1-443-449-2886 Email Contact
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