Commercial realtor selects Revolution Lighting's SeeSmart LED tubes for retrofit
Second Phase Retrofit Utilizes Advanced LED Lighting Solutions to Deliver Significant Cost Savings
Stamford, CT - Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) (“Revolution Lighting”), a leader in advanced LED lighting technology, has announced that SL Green Realty Corp. (NYSE: SLG), New York City’s largest commercial property owner, has selected its Seesmart brand LED tube lamps for the second phase retrofit at ten SL Green properties, saving $300,000 annually.
“Revolution Lighting is excited to continue its relationship with SL Green, delivering significant cost savings through advanced LED lighting solutions,” said Charles J. Schafer, Revolution Lighting President and Chief Financial Officer. “SL Green’s continued use of our Seesmart brand LED products reflects the growing market confidence in the LED industry, and Revolution Lighting’s capability to deliver leading LED solutions for our customers. Our ongoing relationship with SL Green demonstrates the strength of our distributors to deliver the strong customer pipeline we have in place heading into 2014.”
In 2012, SL Green worked with TriState LED, Revolution Lighting’s leading distributor of Seesmart brand LED products to install 16,000 LED lamps at twenty-two properties, totaling more than seven million square feet, saving $625,000 annually. Addressing 24/7 lighting throughout lobbies, garages, stairs, and mechanical areas, SL Green achieved a project payback of less than three years, reducing lighting energy use by more than 55%, while significantly improving lamp life, often greater than eight years – three to four times longer than other lighting technologies.
TriState LED continues to support SL Green’s second phase, providing 8,000 Seesmart brand LED products at ten properties totaling 5.5M square feet, including 485 Lexington Avenue, 600 Lexington Ave, 750 3rd Ave, 625 Madison, and 1185 Avenue of the Americas in New York City.
“LED equipment impacts 90% of lighting lifecycle costs through energy use and lamp life, providing $7.4M in total lifecycle savings for SL Green,” said Jay Black, SL Green’s Director of Sustainability. “LED lighting will continue to play a key role within SL Green’s energy efficiency program. The selection of Revolution Lighting allows us to stay ahead of the market in terms of technology adaptation offering high quality solutions through superior efficiency, longevity, warranty, and exceptional customer service.”
About Revolution Lighting Technologies Inc.
Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of light emitting diode (LED) lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced technology and aggressive new product development, Revolution Lighting has created an innovative, multi-brand, lighting company that offers a comprehensive advanced product platform. The company goes to market through its Seesmart brand, which designs, engineers and manufactures an extensive line of high-quality interior and exterior LED lamps and fixtures; Lighting Integration Technologies Inc., which sells and installs Seesmart products; Lumificient, which supplies LED illumination for the signage industry; Relume Technologies, a leading manufacturer of outdoor LED products; and Sentinel, a revolutionary patented and licensed monitoring and smart grid control system for outdoor lighting applications. Revolution Lighting Technologies markets and distributes its product through a network of 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.
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