Jul 20 2009
PowerSecure International, Inc. (Nasdaq:POWR) today announced it has been awarded approximately $5 million of new orders for its EfficientLights LED lighting technology. The new orders are expected to be completed and recognized primarily during the second half of 2009. In total, this brings 2009 EfficientLights orders from major retailers to over $13 million, as the Company has realized a significant uptake in order flow this year from this state-of-the art technology.
EfficientLights replaces traditional fluorescent lighting in grocery and drug store refrigerated cases, delivering a strong return on investment by reducing lighting energy use approximately 70 percent. Additionally, replacing traditional fluorescent fixtures with EfficientLights lighting reduces maintenance costs, extends the life of the lights approximately five-fold, and eliminates the disposal of the fluorescent bulbs which contain mercury. The Company estimates that on average, a grocery store retrofitted with EfficientLights technology reduces its carbon footprint by approximately 80 thousand pounds of carbon emissions annually. Importantly, the Company’s EfficientLights technology delivers a significantly upgraded quality of light to a refrigerated case, enhancing the consumer’s in-store shopping experience.
Sidney Hinton, CEO of PowerSecure, said, "We are extremely pleased with the momentum our EfficientLights business is demonstrating, and the uptake we continue to see from major retailers investing in our lighting solution. EfficientLights improves the look and feel of our customers’ refrigerated cases, reduces their carbon footprint, and delivers a strong bottom-line result in energy savings. We are very pleased to be able to deliver our customers a product with this combination of benefits and such a strong value proposition.”