This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Nexxus Lighting Focused On Growth With PolyBrite International Agreement

Stocks in this article: NEXS

CHARLOTTE, N.C., Oct. 17, 2012 /PRNewswire/ -- Nexxus Lighting, Inc. (NASDAQ Capital Market: NEXS) today announced that the Company has executed a distributor agreement with PolyBrite International.  Under the agreement, Nexxus will begin offering all of PolyBrite's Borealis LED lighting solutions to Nexxus' customers. 

PolyBrite International, based in Naperville, Illinois, has spent over seventeen years developing one of the most technologically advanced, efficiently designed LED product portfolios to date.  Key components of the expanded product line are indoor and outdoor lighting fixtures, including state-of-the-art LED recessed flat panels, low-bay and canopy lighting systems, and area site and roadway luminaires.  In addition, Nexxus will feature Borealis' new LED T8 tubes, A19, R20, R30, candelabra and other decorative lamp products along with its premier Array line of LED replacement lamps. 

"Part of our strategy with Nexxus is to provide leading edge products and superior service," commented Robert V. LaPenta, Founder of Aston Capital and Board Chairman for Nexxus Lighting.  "Research shows the growth for LED fixtures is expected to rise faster than that of other light source replacements.  The market share for new LED fixture installations is estimated to rise from approximately 7% in 2011 to more than 45% in 2016 and approximately 70% in 2020."

"We are pleased that we were able to develop this strategic agreement with PolyBrite," continued Mr. LaPenta.  "We will continue to explore other strategic initiatives, including joint development, international sourcing and acquisitions in order to maximize growth opportunities and minimize costs."

"This Agreement allows Nexxus to provide a broader range of lighting solutions to the commercial, industrial, institutional and municipal markets," added Mike Bauer, President and CEO of Nexxus Lighting.  "By partnering with PolyBrite, we quickly and efficiently added a full assortment of complementary bulbs and new luminaires with new technology that is clearly differentiated."

Nexxus is a leader in high performance LED replacement light bulbs and LED linear lighting solutions sold under its Array® Lighting and Lumificient product lines.  The Company holds 43 issued U.S. and foreign patents and has 30 patent applications pending.  Nexxus is committed to leading edge design and introducing LED products that set the standard in the industry in terms of performance and reliability.  This strategic relationship with PolyBrite is expected to take Nexxus to the next level.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs