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Lighting Science Group Lights Up Washington D.C. With Ultra-Efficient LED Street Lights


7/11/2012



SATELLITE BEACH, Fla. — Lighting Science Group (OTCBB: LSCG), one of the world’s leading LED lighting companies, today joined Washington, D.C. Mayor Vincent C. Gray and officials from the District Department of Transportation (DDOT) and the Department of the Environment (DDOE) to celebrate the completion of thefirst phase of the relighting project that will save the city tens of thousands of dollars each year in energy costs. Part of the Mayor’s larger vision for a Sustainable D.C., Lighting Science Group’s energy-efficient, long-lasting street lights have replaced old, inefficient lights and will cut the District’s annual carbon dioxide emissions by 719 tons.

 

“Already results show these new light fixtures are saving energy—57 to 60 percent—compared to the old mercury vapor and high pressure sodium lights,” said Mayor Gray. “Imagine how much energy we could save if we expand this program to all 70,000 street and alley lights across the District. That would be a great down payment on a truly Sustainable D.C.”

 

Prior to the start of this project, in conjunction with HowardUniversity Transportation Research Center, DDOT conducted a study and analysis of light emitting diode (LED) lighting products from a variety of vendors and manufacturers. The study involved the evaluation and analyses of photometric readings, fixture life, efficacy, aesthetics, color temperature, dimmability and compatibility with remote monitoring and control systems. At the conclusion of the Study, DDOT selected Lighting Science Group’s PROLIFIC™ (LSG) LSR-2 LED street light as the preferred choice to replace the District’s existing alley lights.

 

“When it comes to city planning, smart infrastructure saves lives and dollars,” said Jim Haworth, chairman and chief executive officer of Lighting Science Group. “The Mayor’s office, DDOT and DDOE are clearly united in their commitment to promoting both the safety and financial interests of District residents with their joint vision for a Sustainable D.C. Lighting Science Group is proud to play its part in bringing that vision to life. Our PROLIFIC Series roadway solutions offer notably longer-life expectancies than the District’s existing lights and realreductions in maintenance and energy costs. With less glare and better illumination, uniformity, and color, the new LED street lights signal a true improvement for the District.”

 

The District Department of Energy (DDOE) supported and funded the LED lighting project, under the U.S. Department of Energy’s Energy Efficient and Conservation Block Grant program. Eventually DDOT plans to install energy-efficient light fixtures throughout D.C., including all of its alleys, streets, bridges, tunnels and underpasses, pedestrian walkways, bike and running trails.

 

Added Haworth: “The Washington, D.C. project is another significant win for Lighting Science Group in the infrastructure market, exemplifying the clear leadership and high-performance product capabilities of the Company.”

 

About Lighting Science Group

 

Lighting Science Group Corporation (OTCBB: LSCG) designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products.  Lighting Science Group offers retrofit LED lamps in form factors that match those of traditional lamps or bulbs and LED luminaires designed for arange of applications including public and private infrastructure for both indoor and outdoor use.  Lighting Science Group’s Advanced Projects Group business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects.  Lighting Science Group is headquartered in Satellite Beach, Florida; the Company’s European operations are based in Middelburg, The Netherlands; and the Company has a sales office in Sydney, Australia. Lighting Science Group employs approximately 1000 workers building lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.

 

Forward Looking Statement. Certain statements inthis press release may constitute “forward-looking statements” made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  These statements include, but are not limited to, statements concerning the performance of Lighting Science Group and its products and/or use terminology such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target," “soon,” “will,” “first of many” and variations of such words and similar expressions.  Such statements reflect the current view of Lighting Science Group with respect to future events and are subject to certain risks, uncertainties and assumptions.   Known and unknown risks, uncertainties and other factors could causeactual results to differ materially from those contemplated by these statements.  In evaluating thesestatements, you should carefully review the risk factors detailed under “Risk Factors” in our most recent filings with the Securities and Exchange Commission that may cause our actual results to differ materially from these forward-looking statements. 

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