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CREE Lo Gl Corp Eur

9.2838
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Lo Gl Corp Eur LSE:CREE London ETC
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 9.2838 9.11 9.4575 0 01:00:00

Sunovia Energy Wins LED Street Lighting Contract from Sarasota County

18/11/2009 2:30pm

PR Newswire (US)


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SARASOTA, Fla., Nov. 18 /PRNewswire-FirstCall/ -- Sunovia Energy Technologies, Inc. (OTC:SUNV) (BULLETIN BOARD: SUNV) has won the bid to provide LED street lighting for Sarasota County's highly visible main thoroughfare, Fruitville Road. On November 13th, the county provided a Bid Award notice letter to all bid participants stating that Sunovia provided the "lowest price responsive bid," meaning Sunovia bid the lowest price while meeting or exceeding all requirements of the proposal. Seven other companies, three of them with ties to Sarasota, participated in the bidding process. The project calls for Sunovia to provide 148 EvoLucia(TM)-brand 120W LED cobra head-style street lights. Because the LED lights are extremely energy-efficient and require no maintenance for 12 years, the lights will save Sarasota County approximately $14,000 per year in energy and maintenance costs. Further, the LED lights will reduce carbon emissions by approximately 710,730 pounds over 10 years. The EvoLucia lights project more than 50 lumens per watt consumed, a relatively high light output considering the low amount of input energy. They contain the newest high-brightness Cree® LEDs (NASDAQ:CREE) and employ patent-pending Aimed Optics(TM) technology to focus maximum light on the ground, virtually eliminating glare, wasted light and light pollution. "Because the LEDs within our EvoLucia lights are strategically aimed to focus light on specified locations, they achieve higher light utilization and provide higher 'target efficiencies' than even other types of LED fixtures," the company said. "This is particularly important in street and roadway applications, where increased road safety comes directly from the heightened visibility of more light reaching roadways at ground level. Our 'Aimed Optics' technology is the only technology suited for direct, one-for-one replacement of HPS cobra head street lights with LEDs--meaning Sarasota can install the LED lights on existing poles with no needed adjustments in pole spacing." The new cobra heads also exceed the "Fitted Target Efficiency" criteria established by the U.S. Department of Energy (D.O.E.) for Energy Star® certification. The "Aimed Optics" direct illumination method also allows fixtures to meet Dark Sky guidelines and LEED certification requirements by minimizing light trespass, reducing sky-glow, and reducing impact on nocturnal environments. If Sarasota were to proceed to a city-wide LED street light retrofit of 62,000 fixtures, the county would save more than $5.28 million annually in energy and maintenance costs and reduce carbon emissions by 223 million pounds over 10 years. Ed Kramer, Sunovia's Director of LED Sales and Marketing, said, "We are grateful for Sarasota County's commitment to energy conservation. While our technology saves a tremendous amount of energy and money, it also has the potential to rebuild Sarasota's economy around 'green' jobs. By choosing environmentally friendly, energy-efficient and Sarasota-made EvoLucia LED lighting, the county has done what is best for the environment, the local economy and Sarasota taxpayers." About Sunovia Energy Technologies, Inc. Sunovia Energy Technologies is a Sarasota, FL-based company that commercializes and markets products within the LED lighting and solar markets that reduce carbon emissions, promote national security and preserve the environment. Sunovia owns the exclusive marketing rights to products produced by EPIR Technologies, Inc., including infrared sensors and devices for the civilian and military night vision markets. Sunovia's LED lighting technologies are among the most cost and energy-efficient in the world, and are marketed under the brand name EvoLucia(TM) (http://www.evolucialighting.com/). Sunovia owns a significant equity interest in Illinois-based EPIR Technologies, Inc., the pioneer of single crystal II-VI solar modules and a global leader in the field of IR sensors and IR imaging. EPIR's collective infrared knowledge and experience is believed to exceed that of any company in the world. Its founder, Chairman and CEO Dr. Sivalingam Sivananthan, is a recognized world leader in HgCdTe growth. EPIR holds the patent for growing CdTe directly on a Si readout integrated circuit, for which the company developed a manufacturing capability with Congressional support. Sunovia and EPIR co-own the solar technologies and solar products that are developed under the Exclusive Partnership Agreement. The Partners have a network of close collaborative relationships, including the Army Research Laboratory, the National Renewable Energy Laboratory, the Night Vision Electronic Sensors Directorate, BAE Systems, and other laboratories around the world. More information about the exclusive partnership between Sunovia and EPIR is available in Sunovia's Securities and Exchange filings at http://www.sec.gov/, or at the partners' Web sites, http://www.sunoviaenergy.com/ and http://www.epir.com/. The Sunovia(TM) logo is a registered service mark of Sunovia Energy Technologies, Inc. in the United States and/or other countries. Sunovia Energy products and services and EvoLucia(TM) products and services are provided by Sunovia Energy Technologies, Inc. Forward-Looking Statement Some of the statements made by Sunovia in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Sunovia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Sunovia's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. DATASOURCE: Sunovia Energy Technologies, Inc. CONTACT: Kristen Watson of Sunovia Energy Technologies, +1-941-751-6800, Web Site: http://www.evolucialighting.com/

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