Viper Networks Sells First Domestic LED Light Order to Major Manufacturer in Ohio
December 05 2012 - 7:57AM
Viper Networks, Inc. (Pink Sheets:VPER), is pleased to announce
that the Company has officially sold their first domestic LED order
to a major worldwide manufacturer with multiple facilities
throughout the state of Ohio.
The initial order and all subsequent orders will be fulfilled
through the Company's U.S-based manufacturing partnership with
Apollo Metro Solutions.
Although the first order delivery amount reflect a modest value
numbering in the tens of thousands of dollars, anticipated order
and delivery estimates during 2013 are projected at between one
million and 1.5 million U.S. dollars.
While management regrets not be able to announce the highly
recognizable, household name of the worldwide manufacturing leader
at this time nor the industry or sector; the executives at Viper
Networks look forward to providing this important detail upon final
approval from corporate sometime after shipment delivery and LED
parking lot light installation has begun.
Securing this business and first domestic order in the U.S. is
an important milestone for the Company in many respects, but
shareholders and other interested parties will be happy to know
that Fortune Magazine has listed the new client company in the Top
50 of the World's Most Admired Companies in 2012.
As promised and previously announced, the Company's CEO is
traveling from Detroit to Bahrain today to formally present an
Advanced LED Lighting product demonstration with motion
sensor-equipped streetlights and Smart Grid applications, in
anticipation of securing yet another pilot project client and
potentially significant business throughout Bahrain's cities and
infrastructure.
Finally, with the announcement of the cash funds Viper Networks
received last month to help cover priority manufacturing cost
associated with production partner Apollo Metro, all LED parts
manufacturing has now been finished for the two pilot programs
slated to start in Sri Lanka shortly.
However, with final assembly scheduled for completion within 10
days on behalf of the LED Street Lights for Colombo, Sri Lanka and
LED Street lights and Indoor lighting for the country's Ministry of
Fisheries and Aquatic Resources; the Company expects final shipping
and delivery dates to commence after the forthcoming holidays or
during the first half of January.
The Company believes that the North American and worldwide
markets for energy saving streetlights and parking lot lights
provides a tremendous opportunity for a new generation of LED
lighting, especially those products that are
environmentally-friendly and manufactured in the U.S. to a much
higher standard than prevailing levels of quality worldwide.
Please see www.apollometro.com for further information on all
LED products.
The Viper Networks logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12434
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, the development of new business opportunities,
zero operational impact and projected costs, future operations,
revenue, profits, gross margins and results of operations. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, the inherent uncertainties associated with new projects and
development stage companies. These forward-looking statements are
made as of the date of this news release, and we assume no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Although we believe that any
beliefs, plans, expectations and intentions contained in this press
release are reasonable, there can be no assurance that any such
beliefs, plans, expectations or intentions will prove to be
accurate.
CONTACT: Investor Relations:
Heritage First Capital (Orlando)
Scott Gibson, Direct # 407.444.5959
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