SATELLITE BEACH, FL, Nov 1, 2010 To accelerate the installation of ultra-efficient LED lighting, Xcel Energy (NYSE:XEL - News) is now offering businesses rebates in Minnesota and Colorado for the installation of ENERGY STAR approved bulbs. Lighting Science Group (OTC Bulletin Board:LSCG.ob - News) received the LED lighting industry's first ENERGY STAR label for its PAR38 LED bulb and recently received approval for use of the ENERGY STAR label for its PAR30 and MR16 LED bulb types. These bulbs are approximately 80% more efficient than the 75, 60, and 25 watt traditional bulbs that they replace, are fully dimmable, and have approximately 50 percent more lumens (light output) than certain competing products. The DEFINITY bulbs are the first in a line of Lighting Science Group products going through the ENERGY STAR approval process that also include A19, PAR20, and G25 bulb application types. Unlike compact fluorescent lamps (or CFLs), the DEFINITY LED bulbs contain no mercury, are completely recyclable, are "instant on," and offer outstanding light quality.
"With rising energy costs nationwide, communities are looking for ways to save energy—the installation of Lighting Science Group's ENERGY STAR approved LED bulbs can save Colorado and Minnesota businesses thousands of dollars in maintenance, replacement and energy costs," said Zach Gibler, Chief Executive Officer of Lighting Science Group. "Rebate programs like the one offered by Xcel Energy will help drive down the cost of LED lighting, speed market adoption, and reduce greenhouse gas emissions—a win, win, win energy solution."
To ensure both performance and reliability, the cULus-listed DEFINITY LED line was tested under the rigorous ENERGY STAR Eligibility Criteria, Version 1.1 process by an independent laboratory approved by the U.S. Department of Energy's CALiPER program. To receive the ENERGY STAR label for an integral LED lamp, the DEFINITY bulbs were tested at a third party laboratory under the LM79 standard for overall efficiency, color temperature, color rendering, color spatial uniformity and light emission pattern. Additional testing required for ENERGY STAR approval included: rapid cycle thermal stress testing, in-situ temperature testing, both lumen maintenance and color maintenance testing, and an operational test for 3,000 hours at elevated ambient temperature. ENERGY STAR is the trusted, government-backed symbol that makes it easy for consumers to identify and purchase energy-efficient products that offer savings on energy bills without sacrificing performance, features, and comfort.
For more information on how businesses can install Lighting Science's ENERGY STAR bulbs, visit http://www.xcelenergy.com/Colorado/Business/Programs_Resources/ConservationRebates_Incentives_Business/Pages/Lighting_Efficiency.aspx (Colorado), http://www.xcelenergy.com/Minnesota/Business/Programs_Resources/ConservationRebates_Incentives_Business/Pages/Lighting_Efficiency.aspx (Minnesota), or contact Pooja Sethi at firstname.lastname@example.org.
About Lighting Science Group Corporation
Lighting Science Group Corporation (OTC Bulletin Board:LSCG.ob - News) 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 the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group Design Works business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; Lighting Science Group Design Works business unit is based in Rancho Cordova, California; the Company's European operations are based in Goes, The Netherlands; and, the Company has a sales office in Sydney, Australia. Lighting Science Group has over 200 workers in its Satellite Beach, Florida manufacturing facility that build 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 Statements Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements include, but are not limited to statements regarding the performance of LSG and the performance of LSG's products using terminology such as "will," "should," "would," "could," "expect," "intend," "plan," "anticipate," or "believe." Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements. Readers should carefully review the risk factors detailed under "Risk Factors" in our most recent Form 10-K, and subsequent Form 10-Qs on file with the Securities and Exchange Commission filings.