"Compared with full fixture replacement, retrofitting existing fixtures with TLEDs is far more economical and environmental friendly due to the lower material cost, lower installation cost, simpler conversion and greater flexibility for future upgrade," added Eric Hilliard, President and Chief Operating Officer of Energy Focus, Inc. "Energy Focus is a pioneer in the development and mass adoption of TLEDs in the public sector, and has been working with leading Energy Service Companies ("ESCOs") for energy upgrade projects with TLEDs for public facilities over the past three years. The UFC change is an exciting, historic breakthrough that now allows ESCOs to more easily and broadly introduce TLED lighting retrofits through performance contracts with guaranteed savings to DOD facilities with extremely compelling payback periods of a few short years or less for most projects. The maintenance cost for lighting could also be largely eliminated, spaces brighter and cleaner, and our service women and men happier and more productive.""We estimate that conservatively, on an annual basis, by retrofitting existing fluorescent lamps to Energy Focus TLED lamps, the DOD could save 2.8 million MWh of power, or over $300 million in energy cost, while removing 1.9 million tons of CO2 emissions—equivalent to removing 400,000 cars from the roads—without complicated, costly, time consuming, environmentally wasteful and easily outdated fixture replacements. Simply no other energy technology or measure alone could achieve such a drastic reduction of energy usage and carbon footprint with such project expediency and attractive return on investment," commented Mr. Tu. "Energy Focus, with our leading and proven TLED product portfolio in both military and commercial applications, as well as our 'Buy American' product offering, is an ideal LED lighting partner to assist the DOD in accomplishing its aggressive energy efficiency goals that aim to improve energy security and reduce greenhouse gas emissions. Through our ESCO channel partners, we will continue to vigorously advocate the immense economic and environmental benefits of our TLED solutions and pursue lighting retrofit opportunities within the DOD ecosystem where the TLED market dynamic is now vastly advanced," concluded Mr. Tu.
About Energy Focus, Inc.Energy Focus, Inc. is a leading provider of energy efficient LED lighting products and a developer of energy efficient lighting technology. Our LED Lighting products provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government continues to enable us to provide energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets. Customers include national, state and local U.S. government agencies as well as Fortune 500 companies and many other commercial and industrial clients. World headquarters are located in Solon, Ohio with additional offices in Washington, D.C., New York City and Taiwan. For more information, see our web site at www.energyfocusinc.com.
CONTACT:Media and Investor Contacts:Energy Focus Inc.Investor Relationsir@energyfocusinc.com440-715-1300OrDarrow Associates, Inc.Peter Seltzbergpseltzberg@darrowir.com516-510-8768