Lighting Science Group Exhibiting Significant Increase in Volume Shipped Compared to Previous Year
November 13 2014 - 1:31PM
Business Wire
Global LED Innovation Leader, Lighting Science Group
(OTCQB:LSCG) has shipped greater than 50% more LED Lamps in 2014
when compared to same period in 2013. This substantial increase
demonstrates the continued success of LSG’s efforts to streamline
its business model and manufacturing capabilities. Responding to
market dynamics, Lighting Science has made significant strides in
optimizing its supply chain, while at the same time continuing with
its industry-leading design and innovation, adding over 50 new and
next-generation items this year alone to its solutions
portfolio.
“This is a testament to the tremendous effort and teamwork
between our customers, our contract manufacturers and our LSG
team,” said Wayne Nesbit, COO. “Moving to 100% contract
manufacturing was important to stay competitive, and it has put us
in the enviable position of being able to respond to market changes
more quickly and at a much lower cost with greater economies of
scale.”
According to CEO, Ed Bednarcik, “As a science and technology
company, partnering with our contract manufacturers has allowed us
to focus on what we do best - innovate and design solutions that
deliver light in more meaningful and valuable ways. Our engineering
team has multiple exciting product platforms in development to
improve health and wellness, creating lighted environments that are
smarter and deliver better security for our end users. We will
continue to lead the industry on smart, disruptive and
environmentally aware LED technologies.”
About Lighting Science
Lighting Science (OTCQB:LSCG) is a global leader in innovative
LED lighting solutions that designs, manufactures and brings to
market the most advanced and intelligent products for both
consumer, professional and retail applications. By inventing
breakthrough, award-winning, LED lamps and lighting fixtures that
truly work in sync with nature, we follow one of our core values by
being committed to UNLEASHING THE SCIENCE OF LIGHT TO MAKE PEOPLE,
AND OUR PLANET LOOK, FEEL AND HEAL BETTER. Lighting Science Group
is headquartered in Melbourne, FL, with an Asian office located in
Hong Kong, China. Find out more at www.lsgc.com or
www.definitydigital.com and join us on Twitter, Facebook, LinkedIn
and the Lighting Science Blog.
Lighting Science Group CorporationKate Kaminski, D 321-610-9541,
M 321-779-5520Marketing Managerkate.kaminski@lsgc.com
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