Dionic (ASE:DION)
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Dionics, Inc. Offers LED-Based 'Silicon Light-Chip' for
Architectural and Other Lighting Markets
Innovative Lighting Product Expected to Move Dionics' Growth into Large, New
'Bright-Future' Directions
WESTBURY, N.Y., July 7 /PRNewswire-FirstCall/ -- Dionics, Inc. (OTC Pink
Sheets: DION.PK) announced today it has completed development of, and is
currently beginning to market, its LED-based "Silicon Light-Chip." The Chip,
assembled with Red, Green and Blue LEDs, offers a higher-efficiency design for
the generation of both white and multi-colored light. This method of producing
light uses much less energy and provides better environmental effects than
incandescent and fluorescent lighting which are used in homes, factories and
offices. The Dionics invention, currently in "patent-applied- for" status,
helps to both extend the operating life of the LEDs and to retain their peak
light output for longer durations. Large multi-unit arrays of the Silicon
Light-Chip are expected to find quick acceptance in new architectural lighting
applications, moving Dionics along with the industry's accelerating trend to
LED-based lighting solutions.
Bill Ryan, former LED Product Manager for Philips Lighting Co. and now Vice
President for Business Development at Dionics, said: "The Dionics Silicon
Light-Chip, coupled with its unique technology, should make the company a very
attractive joint venture partner for lighting-system developers."
Bernard L. Kravitz, company president, also pointed out that "LEDs are now at
the forefront of revolutionizing the lighting industry, offering incredible
energy-savings, long life and greatly reduced maintenance costs. It has been
estimated," he said, "that 25% of the world's energy goes into producing light,
and perhaps 80% of that amount can be saved by using LED-based lighting
products. We at Dionics intend to move the company in that direction and," he
concluded, "we are committed to playing a part in lighting the future."
WRITTEN BY DIONICS, INC. MANAGEMENT, THE PRECEDING TEXT CONTAINS FORWARD-
LOOKING STATEMENTS WHICH REFLECT MANAGEMENT'S BEST JUDGMENT OF CURRENTLY
AVAILABLE INFORMATION. SHOULD CERTAIN ASSUMPTIONS FAIL TO MATERIALIZE, OR
UNEXPECTED ADVERSE EVENTS OCCUR, THE COMPANY MAY NOT REACH MANAGEMENT'S GOALS.
DATASOURCE: Dionics, Inc.
CONTACT: Bernard L. Kravitz, Pres., Dionics, Inc., +1-516-997-7474, or
Fax, +1-516-997-7479