Evolucia Inc. To Receive $11 Million. Enters Agreement To Launch Evolucia Europe
" Europe is facing the challenge of delivering massive energy and carbon emissions savings between now and 2024. Infrastructure lighting offers an incredible target of opportunity if countries, provinces, cities and towns leap frog from the commonly used High Pressure Sodium (HPS) lighting to LED (light emitting diode) lighting solutions. Our new joint venture with SETE positions us to take advantage of this dramatic growth in the European lighting markets," added Interiano.
About Evolucia Inc.
Evolucia Inc. is an industry pioneer in the design, engineering, manufacture and distribution of high performance LED lighting systems to the global lighting markets. Evolucia received the United States Department of Energy's highest award for lighting within the LED category, and has installed thousands of its fixtures at military bases, universities, municipalities, and large commercial entities. Evolucia's LED lighting products are sold under the brand, Evolucia Lighting ( www.evolucialighting.com).
All Evolucia products offer highly energy efficient, durable, commercial-grade LED lighting for both indoor and outdoor applications. The company's award winning cobra head and shoe box fixtures employ Evolucia's proprietary Aimed Optics™ technology, which increases light levels and visibility by strategically directing light to the target area. Evolucia fixtures require 50%-80% less energy than traditional lighting, and last for approximately 12 years without maintenance.More information about Evolucia Inc. and its LED lighting systems is available in the company's Securities and Exchange filings, which can be found at www.sec.gov or at www.evolucialighting.com. About SETE SETE Sp. z o.o., headquartered in Warsaw, Poland is a private international investor group organized for the purpose of funding and supporting the manufacture and distribution LED lighting solutions into European LED lighting market which is projected to reach $10 billion ( 7.7 billion Euros) by 2015. Forward-Looking Statements Some of the statements made by Evolucia in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Evolucia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Evolucia's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
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