Energy Focus, Inc. (Nasdaq: EFOI), a leader in advanced,
sustainable LED lighting and lighting control
technologies, won a Top Product of the Year award from
Environment + Energy Leader for EnFocus™, its
breakthrough lighting control platform that enables existing and
new buildings to provide quality, convenient and affordable
dimmable and color tunable Human-Centric Lighting (HCL).
The Environment + Energy Leader Awards is an
elite program celebrating excellence in the world of environmental,
sustainability and energy management. Companies that receive the
awards are known to be the best of the best, with products vetted
by experts. Energy Focus will participate in the
Environment + Energy Leader Awards Summit on
Tuesday, July 21, 2020 at 11:30 a.m. EDT and will share information
about EnFocus™. To register for the presentation, please go to the
following link:
https://www.environmentalleader.com/environment-and-energy-leader-awards/
EnFocus™ was recognized for its many advantages over other
lighting control systems, with judges citing value, improved
lighting efficiency, ease of installation and overall management
and product life extension as some of its outstanding attributes.
Designed by “true engineers,” judges noted EnFocus™ takes
efficiency into account and may be applied on a small or large
scale.
“With rapid advancements and a near-constant rate of change in
the field, sustainability and energy professionals had to prove to
our judges that they were really the best of the best this year,”
says Sarah Roberts, Environment + Energy Leader
publisher.
One judge commented, “The ability to add lighting controls and
changes in color by using existing wiring to enhance the space is a
unique way to reduce equipment costs and labor while being able to
set up ‘cool’ systems that may have future applications to external
buildings in addition to their inside systems. This use of existing
wiring as communications is unique to lighting retrofits.”
James Tu, Chairman and CEO of Energy Focus said, “With our
vision to be the most trusted LED lighting brand with
customer-centric innovations, we are deeply honored to be
recognized by Environment +
Energy. We believe LED lighting is
entering the age of HCL, offering not only significant energy
efficiency, but also expanding triple-bottom-line benefits. In
designing the EnFocus™ platform, our product development and
engineering teams listened to our customers and focused on
resolving their pain points, such as system complexity and
prohibitive cost, when retrofitting with controlled lighting using
other products.”
EnFocus™ brings circadian lighting capabilities with a
lamp-based solution that leverages existing power lines for digital
communications, thereby dramatically reducing the cost and time
required for installation and maintenance, as well as minimizing
lifecycle carbon footprint of controlled lighting systems. Through
EnFocus™ – for the first time – not just the most high-end new
buildings, but also literally all existing educational, healthcare,
commercial and industrial facilities across the world can have
access to and reap the benefits of HCL, achieving optimal occupant
comfort, learning and productivity.
About the Environment + Energy Leader AwardsFor
nearly a decade, the Environment + Energy Leader Awards have
celebrated excellence in the world of environmental, sustainability
and energy management. Award winners are truly buzz-worthy, and
companies that sport a Top Project or Top Product of the Year Award
badge are known to be the best of the best. When other companies
are seeking a sustainability or energy management solution, they
know that E+E Product of the Year Award winners offer a significant
group of products, vetted by experts, to peruse for help in making
their decisions. Project of the Year Award winners are known to
illustrate how sustainability and energy management projects can
successfully help other companies improve the bottom line.
About the Environment + Energy Leader Awards
SummitDuring the one-day E+E Awards Summit, Environment +
Energy Leader will announce the complete list of Top Product and
Top Project of the Year Award winners, recognize and thank its
panel of industry experts who evaluated and scored entries, and
announce and chat with the two Judges’ Choice Award winners.
Participating winners will then take the podium to share details
about their Product or Project of the Year Award win. To register,
or for more details, visit
https://www.environmentalleader.com/environment-and-energy-leader-awards/.
About Energy Focus:Energy Focus is an
industry-leading innovator of sustainable LED lighting and lighting
control technologies. As the creator of the first flicker-free LED
products on the U.S. market, Energy Focus products
provide extensive energy and maintenance savings, and aesthetics,
safety, health and sustainability benefits over conventional
lighting. Our patent-pending EnFocus™ lighting control platform
enables existing and new buildings to provide quality, convenient
and affordable dimmable and color tunable Human-Centric Lighting
(HCL). Our customers include U.S. and foreign
navies, U.S. federal, state and local governments,
healthcare and educational institutions, as well as Fortune 500
companies.
Since 2007, Energy Focus has installed approximately
900,000 lighting products across U.S. Navy fleet,
including TLEDs, waterline security lights, explosion-proof globes
and berth lights, saving more than five million gallons of fuel and
300,000 man-hours in lighting maintenance annually. Energy
Focus is headquartered in Solon, Ohio. For more
information, visit our website at www.energyfocus.com.
Forward-Looking Statements
Forward-looking statements in this release and the presentations
and information linked to in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Generally, these statements can be identified by the
use of words such as “believes,” “estimates,” “anticipates,”
“expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,”
“should,” “could,” “would” and similar expressions intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
forward-looking statements include all matters that are not
historical facts and include statements regarding our current
expectations concerning, among other things, the performance and
efficiency of our EnFocus™ LED lighting Control Platform compared
to other products and future development of our EnFocus™ LED
Lighting Control Platform as well as the impact of our products on
efficiency and employee well-being. By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. Although we base these forward-looking
statements on assumptions that we believe are reasonable when made,
we caution you that forward-looking statements are not guarantees
of future performance and that our actual results of operations,
financial condition and liquidity, and industry developments may
differ materially from statements made in or suggested by the
forward-looking statements contained in this release and the
presentations and information linked to in this release. We believe
that important factors that could cause our actual results to
differ materially from forward-looking statements include, but are
not limited to: (i) disruptions in the U.S. and global economy and
business interruptions resulting from the recent coronavirus
(“COVID-19”) health pandemic outbreak and related stay-at-home
orders, quarantine policies and restrictions on travel, trade and
business operations; (ii) our need for additional financing in the
near term to continue our operations; (iii) our liquidity and
refinancing demands; (iv) our ability to obtain refinancing or
extend maturing debt; (v) our ability to continue as a going
concern for a reasonable period of time; (vi) our ability to
implement plans to increase sales and control expenses; (vii) our
reliance on a limited number of customers for a significant portion
of our revenue, and our ability to maintain or grow such sales
levels; (viii) our ability to increase sales by adding new
customers to reduce the reliance of our sales on a smaller group of
customers, and the long sales-cycle that our product requires; (ix)
our ability to increase demand in our targeted markets and to
manage sales cycles that are difficult to predict and may span
several quarters; (x) the timing of large customer orders,
significant expenses and fluctuations between demand and capacity
as we invest in growth opportunities; (xi) our ability to compete
effectively against companies with lower cost structures or greater
resources, or more rapid development efforts, and new competitors
in our target markets; (xii) our ability to successfully scale our
network of sales representatives, agents, and distributors to match
the sales reach of larger, established competitors;(xiii) market
acceptance of LED lighting technologies and products; (xiv) our
ability to attract and retain qualified personnel, and to do so in
a timely manner; (xv) the impact of any type of legal inquiry,
claim, or dispute; (xvi) general economic conditions in the United
States and in other markets in which we operate or secure products;
(xvii) our dependence on military maritime customers and on the
levels of government funding available to such customers, as well
as the funding resources of our other customers in the public
sector and commercial markets; (xviii) the possible impact on our
military maritime customers and their ability to honor the timing
for existing orders or place future orders due to COVID-19
breakouts amongst personnel that might impact the use of ships in
service; (xix) business interruptions resulting from geopolitical
actions, including war and terrorism, natural disasters, including
earthquakes, typhoons, floods and fires or from health epidemics or
pandemics or other contagious outbreaks; (xx) our reliance on a
limited number of third-party suppliers, our ability to obtain
critical components and finished products from such suppliers on
acceptable terms, and the impact of our fluctuating demand on the
stability of such suppliers; (xxi) our ability to timely and
efficiently transport products from our third-party suppliers to
our facility by ocean marine channels; (xxii) our ability to
respond to new lighting technologies and market trends, and fulfill
our warranty obligations with safe and reliable products; (xxiii)
any delays we may encounter in making new products available or
fulfilling customer specifications; (xxiv) any flaws or defects in
our products or in the manner in which they are used or installed;
(xxv) our ability to protect our intellectual property rights and
other confidential information, and manage infringement claims by
others; (xxvi) our compliance with government contracting laws and
regulations, through both direct and indirect sale channels, as
well as other laws, such as those relating to the environment and
health and safety; (xxvii) risks inherent in international markets,
such as economic and political uncertainty, changing regulatory and
tax requirements and currency fluctuations, including tariffs and
other potential barriers to international trade; and (xxviii) our
ability to remediate a significant deficiency, maintain effective
internal controls and otherwise comply with our obligations as a
public company and under Nasdaq listing standards. Forward-looking
statements speak only as of the date they are made, and we
undertake no obligation to update forward-looking statements,
except as required by law.
Contact:
DGI CommEnergyFocus@dgicomm.com212-825-3210
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