Revolution Lighting Technologies Awarded $4.3M Contract for LED Retrofit of City of New Bedford, Massachusetts
The Company Installs High Efficiency LED Lighting Across 17 Municipal Facilities as Part of City's Energy Saving's Plan
STAMFORD, CT -- (Marketwired) -- 07/11/16 -- Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) ("Revolution Lighting"), a global provider of advanced LED lighting solutions, today announced that its division, TNT Energy, is installing a $4.3M turnkey LED retrofit Performance Contract with Siemens Industry Inc. Building Technologies Division for the City of New Bedford, Massachusetts.
As part of the City of New Bedford's energy savings plan, the lighting retrofit installed LED lighting across 17 municipal and educational facilities. This includes the installation of more than 53,000 of Revolution Lighting's LED tubes and Thin Panel fixtures at facilities including New Bedford's elementary, middle and high school facilities, libraries, and municipal administrative buildings.
The replacement of existing fluorescent lighting with Revolution Lighting's LED lamps and fixtures will reduce retrofit lighting energy usage by more than 50%, deliver increased light output, while providing a market leading 10 year warranty to reduce long term utility and maintenance costs. TNT Energy, subcontracted under Siemens, assisted New Bedford with project development, providing comprehensive turn-key lighting retrofit services including scope development, budgeting, measurement and verification, reporting and project management.
"We are excited to once again partner with Siemens Industries Performance Contract Division on another municipal project," said Ted Carmone, Co-Founder of TNT Energy, a division of Revolution Lighting. "The continued selection of our company by Siemens is a testament to our capabilities to deliver leading comprehensive turnkey services for our customers."
"Revolution Lighting continues to expand its comprehensive 'full turnkey' service capabilities and installation of our market leading LED solutions throughout Massachusetts and the northeast, driving future growth and incremental revenue," said Robert V. LaPenta, CEO and Chairman, Revolution Lighting. "Our extensive market experience in lighting and energy management solutions allows us to continue to provide leading services to our customers, partnering to maximize project benefits including energy savings, environmental and individual well-being."
Acquired by Revolution Lighting in May 2016, TNT Energy has a long history with Siemens Industry of end-to-end management of municipal lighting projects, including past work with the City of Springfield, Mass.; Town of Dedham, Mass; and Concord, N.H. This success aligns with Revolution Lighting's efforts to continue its penetration within the municipal lighting market, including more than $900,000 worth of completed projects earlier this year throughout California, Washington, Wisconsin, and Virginia. Revolution Lighting also recently launched its newest generation of lighting control technologies for municipal lighting systems, enabling municipalities to automate its energy efficiency initiatives.
As a leading provider of LED solutions and services among municipalities, Revolution Lighting and its divisions partner to provide key services, including scope development, incentive procurement, material selection and project management to ensure each project maximizes its goals. For more information about how Revolution Lighting can support your lighting retrofit project, please contact 1-877-578-2536 or email at support@rvlti.com.
About Revolution Lighting Technologies Inc.
Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of LED lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced LED technologies, Revolution Lighting has created an innovative lighting company that offers a comprehensive advanced product platform of high-quality interior and exterior LED lamps and fixtures, including signage and control systems. Revolution Lighting is uniquely positioned to act as an expert partner, offering full service lighting solutions through our operating divisions including Energy Source, Value Lighting, Tri-State LED, E-Lighting, All-Around Lighting and TNT Energy to transform lighting into a source of superior energy savings, quality light and well-being. Revolution Lighting Technologies markets and distributes its products through a network of regional and national independent sales representatives and distributors, as well as through energy savings companies and national accounts. Revolution Lighting Technologies trades on the NASDAQ under the ticker RVLT. For more information, please visit http://www.rvlti.com/ and connect with the Company on Twitter, LinkedIn and Facebook.
Investor Relations Contact:
Amato and Partners, LLC
Investor Relations Counsel
admin@amatoandpartners.com
Media Contact:
Matthew Bretzius
FischTank Marketing and PR
matt@fischtankpr.com
Source: Revolution Lighting Technologies
Released July 11, 2016
