Revolution Lighting Tapped By One of The Largest U.S. Financial Institutions for LED Lighting Retrofit
September 02 2015 - 8:30AM
Business Wire
72,000 RVLT Seesmart LED Tubes to be Installed
Throughout Institution Headquarters to Save $700,000 Annually
Revolution Lighting Technologies (NASDAQ:RVLT), a leader in
advanced LED lighting technology, announced today that it has been
selected to retrofit the headquarters of one of the largest U.S.
financial institutions. This program, scheduled for completion on
October 31, 2015, will install 72,000 of its Seesmart LED G3 tubes
to save $700,000 annually in operating expenses, and achieve a
project payback of less than one year.
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More than 72,000 RVLT Seesmart LED tubes
to be installed at one of the largest U.S. financial institutions.
(Photo: Revolution Lighting Technologies, Inc.)
“We are delighted that one of the largest US financial
institutions, and Fortune 500 Company, has chosen Revolution
Lighting as its LED lighting retrofit partner,” said Robert V.
LaPenta, chairman, CEO and president, Revolution Lighting
Technologies. “Incorporation of RVLT’s G3 Seesmart Tube throughout
the financial industry reflects the growing confidence in LED
lighting, and RVLT’s capability to deliver market leading LED
lighting solutions and services through our strong national
distribution network. In addition to significant financial
benefits, our LED lighting solutions deliver the highest quality
lighting standards, addressing visual acuity and nominal light
depreciation, to ensure healthy and productive work environments
for our clients and their employees.”
The LED lighting retrofit will replace antiquated fluorescent
lighting across seven buildings within the institution’s campus,
totaling over one million square feet of office space. Addressing
office areas with extended lighting use, RVLT will replace 4 foot,
32 watt, florescent tubes with Seesmart G3 LED Tubes, which total
only 15 watts, reducing energy use by more than 55%. Superior
efficiency of RVLT’s LED tubes is combined with its extended lamp
life, three times longer than fluorescent lighting, and an
industry-leading, 10-year warranty to significantly reduce ongoing
building maintenance costs.
Installation of RVLT’s Seesmart LED tubes, including an
additional 250,000 nationally, by this U.S. financial institution
is expected to continue through 2016, across four million square
feet of its commercial offices. RVLT will continue to work closely
with its client to identify and support future LED lighting
retrofit opportunities, including among the financial institution’s
branch locations, representing 6,500 locations nationally.
RVLT’s DLC-approved and UL rated Seesmart G3 LED tubes offer an
easy retrofit solution to reduce lighting energy costs, and are
combined with its superior service to support its client’s total
project needs including scope development, product specifications,
budgeting, incentive procurement and project management. RVLT’s LED
lighting solutions continue to support lighting retrofit
requirements across industries including commercial, education,
industrial, municipal, military, and other market applications.
About Revolution Lighting Technologies, Inc.
Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) is a
leading LED lighting solutions company. We design, manufacture,
market and sell energy-efficient LED and conventional lighting
solutions with a strong presence in the industrial, commercial and
government markets in the United States, Canada, and around the
world. Revolution Lighting has created an innovative, multi-brand,
lighting company that offers a comprehensive product platform of
high-quality interior and exterior LED lamps and fixtures with a
focus on the developing market for LED lighting solutions.
Revolution Lighting markets and distributes its products through
a network of independent sales representatives and distributors, as
well as through energy savings companies, national accounts and its
wholly owned subsidiary, Value Lighting, a leading supplier of
lighting solutions to the multifamily residential housing sector
and new construction marketplace across the U.S. Other brands
within our RVLT family include Lumificient, which supplies LED
illumination for the signage industry; and Sentinel, a
revolutionary patented and licensed monitoring and smart grid
control system for outdoor lighting applications. Revolution
Lighting was recognized as a 2014 Deloitte technology fast 500
company. For additional information visit: www.rvlti.com or connect
with us on Twitter, Facebook, LinkedIn and YouTube.
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version on businesswire.com: http://www.businesswire.com/news/home/20150902005392/en/
For Revolution Lighting Technologies:J&L CommunicationsAngie
White, 303-918-2787Angie@JandLcomms.com
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