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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Evolucia CEO Releases Shareholder Update

SARASOTA, Fla., Feb. 19, 2013 /PRNewswire/ -- Evolucia Inc., (OTCBB & OTCQB: ILED), a global leader in the development and commercialization of high performance LED (light emitting diode) lighting systems, released today the following update to shareholders from its Chief Executive Officer, Mel Interiano:

February 19, 2013

I am pleased to report to our shareholders today that we have finalized a partnership  with OSRAM Mexico to develop, market and deliver the OSRAM ProPoint™ LED Cobrahead fixture using Evolucia Aimed Optics™ for the Mexican marketplace.  OSRAM is the second largest lighting company in the world and we believe this partnership will allow Evolucia to be a major player in this rapidly growing market. Currently, there is an estimated 20 million street lights in Mexico with a market potential of $6 billion based on current prices.  We are working diligently with OSRAM in our hope to potentially deliver tens of thousands of these new LED Aimed Optics™ Cobrahead fixtures to Mexico over the coming months.  Importantly, all development work for these products has been completed, and the fixtures are now being manufactured for delivery and installation onto roadways in Mexico beginning this year.

In July, 2012, we announced the finalization of our partnership with Leader Electronics.  Leader is a global contract manufacturing company with quality and environmental certifications that include ISO9001, TL9000, QS9000, TS16949, TQM (Total Quality Management) and Six Sigma Black Belt certifications.  Leader is also certified as one of the Energy Star Member Laboratories, and currently provides contract manufacturing services to a number of Fortune 500 electronics companies.  Through our partnership with Leader, my goal was to begin mass manufacturing and shipping of our LED lighting products by the end of 2012.  While I acknowledge that we narrowly missed our stated goal, I can report to our shareholders that our first mass manufacturing facility has now been independently audited and certified to begin production of our next generation LED fixtures, with our first shipments to be delivered to our customers this quarter.  We will continue to work with Leader to expand production capacities and integrate additional facilities from their network as distribution necessitates.

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.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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