NEW YORK, Nov. 10, 2011 /PRNewswire/ -- Vu1 Corporation
(OTCBB: VUOC), a developer and manufacturer of a new, mercury-free,
energy efficient general purpose lighting technology, today
announced that Avspar Corporation (www.avspar.com), a Memphis, Tennessee-based international
provider of responsible, high efficiency lifestyle solutions and
renewable energy technology, has placed an initial order for 20,000
of Vu1's Electron Stimulated Luminescence™ (ESL) R30 light
bulbs. The Company expects to fulfill the order during the
2012 first quarter.
"We are pleased to announce our first major commercial order for
Vu1's mercury-free, energy-efficient ESL R30 light bulbs,"
commented Scott Blackstone, Vu1's
Chief Executive Officer. "Vu1 continues to experience strong
and growing commercial interest in its ESL technology."
The R30 bulb, which is based on Vu1's unique ESL lighting
technology platform, uses accelerated electrons to stimulate
phosphor, making the surface of the bulb glow to provide a natural
light quality. ESL bulbs are fully dimmable, energy-efficient,
non-toxic and provide a light quality virtually indistinguishable
from traditional incandescent light bulbs for up to 11,000
hours.
About Vu1 Corporation
New York City-based Vu1
Corporation is dedicated to applying its technology to produce
energy efficient, environmentally friendly lighting solutions
worldwide. Vu1 has developed a new energy efficient light bulb to
provide consumers with the first affordable, non-toxic light bulb
with features consumers are demanding and not receiving from
existing products. To learn more about Vu1 visit the Company's
website at www.Vu1.com . For the latest news, find Vu1 on Facebook
and follow on Twitter.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This press release includes forward-looking
statements including, but not limited to, our ability to obtain
future funding required for our operations, the future
demonstration and commercial availability of our light bulb, timing
for bulb production and sales, manufacturing capability of our
facility, future interest of channel partners and distributors, our
strategic planning and business development plans, future
applications of the technology, and the viability, pricing and
acceptance of our products in the market. These forward-looking
statements are subject to a number of risks and uncertainties that
may cause actual results to differ materially from those described
in the forward-looking statements. The words "may," "would,"
"will," "expect," "estimate," "anticipate," "believe," "intend" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
company's ability to control, as well as the risks and other
factors set forth in our periodic filings with the U.S. Securities
and Exchange Commission (including our Form 10-K for the year ended
December 31, 2009 and our other
periodic reports as filed from time to time).
SOURCE Vu1 Corporation