GB Energie LED Partners with RC Energy Group to Provide Financing for the Acquisition and Installation of LED Lighting Solutions
Partnership will leverage LED solutions from Revolution Lighting Technologies to reduce energy costs and reduce lighting energy use by more than 65%
WASHINGTON, March 06, 2018 (GLOBE NEWSWIRE) -- GB Energie LED, a minority, woman-owned business committed to sourcing sustainable energy solutions, today announced it has signed a partnership agreement with RC Energy Group, a corporate and project finance company based in Denver, CO that focuses on financing energy efficiency projects.
Together, the companies will be addressing energy efficiency and lighting rebuild projects, installing high-efficiency LED lighting solutions and updated fixtures in a variety of markets at no up-front capital cost to the customers through an equipment lease and service contract structure. GB Energie LED and RC Energy Group will utilize Revolution Lighting Technologies’ (NASDAQ:RVLT) high performance LED lighting solutions to reduce energy use by more than 65%, increasing light output and providing significant long-term operational and maintenance cost savings. Revolution Lighting offers a broad line of reliable high efficiency indoor and outdoor LED solutions, including tubes, eco thin panels, troffer fixtures, high bays, area flood lighting, wall pack fixtures and lighting controls to address the various lighting requirements. This includes solutions applicable for commercial, industrial, education, healthcare, hospitality, retail, parking, and municipal and roadway sectors.
RC Energy Group is a specialized project and finance company that focuses nationally on the energy sector by partnering with multinational manufacturers of renewable and energy efficiency products. The company has a successful history of financing LED lighting, solar photovoltaic systems, HVAC equipment, co-generation equipment and numerous other energy related assets. To date, RC Energy Group has financed and operates more than 160 commercial energy projects in the U.S. for states, counties, cities, universities, private schools, not-for-profits and commercial customers. Over the past ten years, RC Energy Group has built an experienced and specialized project development team to handle complex project structures, as well as continued asset management and engineering support for its transactions. RC Energy Group provides turn key financial modeling, tax structuring pricing, documentation, billing and collections to its vendor and energy project partners.
“We’re excited to partner with RC Energy Group as a financial catalyst to secure those energy efficiency upgrade projects that (temporarily) lack sufficient long-term budget funding,” said Dr. Gloria B. Herndon, President and CEO of GB Energie LED. “We believe that our experience in delivering high-quality, high efficiency LED lighting solutions, notably Revolution Lighting Technologies, who offer the highest quality LED products in the market today with an experienced, knowledgeable team that is focused on helping our team achieve results on time and within budget, coupled with funding from RC Energy Group, will continue to successfully position us for future revenue opportunities.”
“We believe GB Energie LED is the right partner to deliver high-quality solutions due to their market leading customer satisfaction rating in delivering LED lighting projects,” said Joseph Bennett, Sr. Vice President of RC Energy Group.
About GB Energie LED LLC
GB Energie LED is a minority- and woman-owned business (WBENC Certified) committed to sourcing sustainable energy solutions worldwide. With both national and international scope, GB Energie LED is positioned as a leading force for the implementation of high-quality LED lighting solutions. GB Energie LED provides solutions in several sectors such as education, government, institutional, hospitality, healthcare, retail, commercial and industrial. GB Energie LED is committed to giving back to the communities that it serves and those in need. Social give-back programs in education, technical training, healthcare and civic projects are just a few areas GB Energie LED champions together with its collateral partners.
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/TNT, Tri-State LED and Revolution Lighting Multi-family 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 www.rvlti.com and connect with the Company on Twitter, LinkedIn and Facebook.
Investor Relations Contact:
Amato and Partners, LLC
Investor Relations Counsel
FischTank Marketing and PR
Released March 6, 2018