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Revolution Lighting Technologies And GB Energie LED Announce Partnership Agreement To Drive LED Adoption Across Multiple Markets

Stocks in this article: RVLT

Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) (“Revolution Lighting”), a leader in advanced LED lighting technology, and GB Energie LED, a minority, women-owned business committed to sourcing sustainable energy solutions worldwide, today announced a multi-year partnership and exclusive marketing agreement to drive LED adoption across multiple markets. The two companies will go-to-market together as ‘RVLT & GBE-LED.’

Under the terms of the agreement, GBE-LED will serve as Revolution Lighting’s strategic marketing, bidding and sales teaming partner. RVLT & GBE-LED will target LED lighting retrofits for numerous new markets such as existing city infrastructure in cooperation with the World Conference of Mayors (WCM), Historical Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs) in cooperation with the National Association for Equal Opportunity (NAFEO), as well as other commercial and governmental retrofit opportunities. Included in the scope of work under the agreement are LED retrofits for indoor, outdoor, parking lot, parking garage, stadium and tunnel lighting within these sectors.

"This is an exciting time for Revolution Lighting and GB Energie LED to join together in an exclusive agreement that will bring energy efficiency and cost reductions to municipalities, universities, casinos, hospitals and hotels, as well as other commercial and industrial facilities,” said Charles J. Schafer, president and chief financial officer of Revolution Lighting Technologies. “The GB Energie LED team has a strong established network of potential business poised to embrace the inherent energy efficient benefits of LED lighting. We believe this partnership will further accelerate our revenue growth and market penetration.”

RVLT & GBE-LED will focus on LED retrofits for existing fixtures, through Revolution Lighting’s Seesmart brand, high-quality interior and exterior LED lamps and fixtures, which produce immediate energy savings and a rapid return on investment. RVLT & GBE-LED will provide customers with the necessary expertise, breadth of service offerings, local presence and national scope to assist in all aspects of the process, from engineering and consulting to financing, implementation and operation. RVLT & GBE-LED have also entered into teaming agreements with regional contractors to provide installation and bonding wherever required.

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