March 26, 2013
/PRNewswire/ -- With the primary focus of delivering high performing LED Aimed Optics™ Cobra Head roadway lighting for
and the Pacific Region's public lighting projects, Evolucia Inc. (OTCBB & OTCQB: ILED) announces the establishment of Evolucia LDU Pty Limited, a wholly-owned Australian subsidiary of the
-based Evolucia Inc.
This announcement is part of a larger global growth initiative for Evolucia following last week's announcement of a 51%-49% joint venture agreement in
to create Evolucia Europe whereby Evolucia is expected to receive an
licensing fee and retains 51% ownership for European exclusivity to manufacture, market and sell Evolucia branded LED lighting products.
"Both Australia and
are looking at carbon emissions caps and have taken actions to ban inefficient light sources. Evolucia LED lighting solutions are among the few products on the market today that meet local standards, save energy and perform at the mandated light levels," said
, Vice President of Global Strategies for Evolucia Inc. "As we build our network across this continent, Evolucia LDU Pty Limited will control the entire supply chain--American Solid State Lighting technology, Taiwanese quality control, Chinese manufacturing efficiencies and an optimized lean supply chain management that delivers quality to customers at competitive costs."
The new organization will be headquartered in Hobart, Tasmania. Lucas Jacometti will serve as General Manager of Evolucia LDU Pty Limited reporting to
, Vice President of Global Strategies. Initially the new organization will focus on penetrating the public sector with the Evolucia Cobra Head LED Aimed Optics fixtures that meet Australian and
lighting standards and have a 20% performance advantage over the competition. Concurrently, Evolucia will develop a network of exclusive and semi-exclusive distributorships and representatives with full access to the complete portfolio of Evolucia infrastructure and architectural interior and exterior LED product offerings.
"It is a privilege to be part of Evolucia, a global company that delivers a world class solution to an industry which hasn't seen change for decades. Evolucia's proprietary Aimed Optics technology offers
the opportunity to continue its environmental global leadership through energy efficient LED roadway lighting solutions," said Lucas Jacometti, General Manager, Evolucia LDU Pty Limited.
and the Pacific region currently specify low lighting levels compared to most international countries. Evolucia Aimed Optics fixtures reduce the risk of 'hot spots' under the poles and 'dark spots' between the poles. Unlike many other imported products, Evolucia's proprietary Aimed Optics technology achieves the world class distinction of best handling the control of light delivered onto the road using the existing street poles.
"I have been involved in the road infrastructure industry for 25 years and street lighting has been a neglected component of the road system. The LED revolution provides road owners with a new way to deliver on government outcomes for public safety, security and environmental leadership," said
Andy van Emmerik
, Product Development Manager, Evolucia LDU Pty Limited. "Our innovative team of experts have built a fixture that delivers optimum performance for
's unique conditions. Evolucia Aimed Optics addresses our greater pole spacing and lower light levels by delivering more consistent targeted light that consumes much less energy over a longer period of time."
, Chief Executive Officer and
, Executive Vice President and Chief Financial Officer, Evolucia Inc. and Lucas Jacometti, General Manager, Evolucia LDU Pty Limited serve as officers of new organization Evolucia LDU Pty Limited incorporated in
"By recognizing the importance of the emerging LED market in
and the Pacific Region, Evolucia is now positioned to take advantage of the growth initiated by the elimination of inefficient lighting technologies put forward in these two countries," said
, Evolucia, Chief Executive Officer. "Our global strategy positions our company where the opportunity for growth is the greatest---last week's
manufacturing and distribution agreement in Poland and today's
announcement underscores that commitment."
About Evolucia Inc.
Evolucia Inc. is an industry pioneer in the design, engineering, manufacture and marketing 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 (
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.