Green Garage Associates announces LED lighting joint venture with LED Saving Solutions and Stouch Lighting

Nov. 10, 2010
Date Announced: 10 Nov 2010 Green Garage Associates is pleased to announce the beginning of their joint venture, Green Garage Lighting, with both LED Saving Solutions and Stouch Lighting. This joint venture is to provide lighting retrofit projects for parking garages. They will utilize LED products and lighting systems manufactured by LED Saving Solutions, the sister company of GREENandSAVE, and distributed and installed by Stouch Lighting for parking garages throughout the United States. After months of extensive research on LED lighting products, companies, and the industry; Green Garage Associates signed a joint venture operating agreement with Stouch Lighting, the LED lighting distributor and LED Saving Solutions, the LED manufacturer; to retrofit parking garages with an innovative LED tube parking garage fixture. The high quality LED fixture will generate immense energy savings, will provide better lighting quality for security, have a longer lifetime, and is a product made in the United States with the ‘best of breed’ domestic and international components. The parking garage lighting retrofit projects will begin in November of 2010. All three companies came together to form the joint venture in order to focus on providing the parking industry with a one stop shop of LED lighting, installation, and financing, while at the same time providing a holistic look at the garage from a sustainability perspective.“Stouch Lighting provides an unmatched installation network of licensed electricians across the United States. This installation network, combined with the best in class quality LED Light that is made in the United States by LED Savings Solutions, made our decision to joint venture with the two organizations an easy one. Stouch Lighting revolutionizes how lighting distributors engage with customers’ projects to offer the best LED Lighting Solutions to comply with their environment,” stated Mark Martin, President Green Garage Associates.“We sought out a partner that would allow us to provide various financial options for our customers to include fast Return on Investment (ROI) purchases or cash flow positive financing Operating Leases that allow our customers the ability to enjoy a Capital Project that is off balance sheet while at the same time reducing existing Operating Expenses David Schmid, CEO Green Garage Associates. “LED Saving Solutions manufactures LED lighting products for the right cost that delivers fast paybacks. The quality of the products and the people on the team offer extreme ease in the economic pressures of the LED lighting market.”“Green Garage Associates is known to work with groups of recognized experts in highly specialized fields to help create the shortest and most efficient pathways to sustainability. With the LED market growing and new lighting manufacturers and distributors coming on board, we are honoured that they chose Stouch Lighting as their LED Lighting product provider in the new Green Garage Lighting, LLC joint venture,” stated Ted Stouch, CEO of Stouch Lighting. “We look forward to retrofitting parking garages across the United States with them. The LED parking garage lighting fixture manufactured by LED Saving Solutions will generate great energy savings and provide a quick ROI for the parking garages.”LED Saving Solutions is pleased to join in the new Green Garage Lighting, LLC joint venture. The depth of experience from the Green Garage Associates team and the Stouch Lighting team along with our LED engineering and lighting expertise will help create a groundbreaking new way for Garage Owners and Managers to reduce their operating expenses on each of their facilities. We collectively expect to set the new standard in high performance lighting and save tens of millions annually for clients that operate garages lit 24/7.” - Charlie Szoradi, President of LED Saving SolutionsAbout Green Garage Associates:Following the standards and guidelines of the Green Parking Council, Green Garage Associates makes surveys of existing parking properties, provides recommendation reporting with ROI focus and turn-key execution of all recommended systems. As GPC Platinum Launch Partners, we support and deliver GPC's Demonstrator Site Program.Parking, Planet, Profit...the triple bottom line - Environmental consciousness is a monumental development in the human history of our planet. Epically so. Sustainability is the result of a very simple action; reduce consumption. Beyond the profound societal and cultural implications of environmental consciousness - where everyone is a stakeholder - environmental sustainability is simply the more profitable course for a business to chart.The Efficiency of Efficiency - Green Garage Associates is leading the parking industry with insight and a systematized approach to the reduction of consumption; a reduced energy envelope. We’ve developed processes that identify and attack inefficiency and result in actionable strategies with clearly measurable results. Society benefits along with the bottom-line.Parking People - Green Garage Associates are parking people. We understand the parking business and what it takes to realize profits from every perspective. We believe in eco-capitalism and the rewards that come with environmental consciousnessLocated on the web at . About LED Saving Solutions:LED Savings Solutions is a national energy reduction company that saves tens of thousands of dollars each month for its clients, with cash flow positive results in the very first month. The company has established ground-breaking domestic and international LED production and financing relationships that help reduce up-front costs to $0 for property owners and managers. The ‘best-of-breed’ approach is simply based on comprehensive auditing, savings reports, lighting design, and matching the most cost-effective next generation lighting products with the needs of each client. LED lights can reduce the electricity cost of lighting by 50% to 80% and many last up to 80,000 hours, which equates to almost ten years under 24/7 operations for Parking Garages or over two decades in an office environment. LEDs also reduce the cost of replacing other bulbs every few years. Plus, LED lights do not have the toxic Mercury that is an environmental hazard and costly to recycle. LED Saving Solutions is based out of Greater Philadelphia with sales offices in New York City and multiple Channel Partner locations across the US.Located on the web at Stouch Lighting: Headquartered in Aston, PA, Stouch Lighting is a LED lighting distributor with over 20 years of extensive knowledge in the lighting industry. We distribute a vast selection of LED lighting products from various manufacturers, and we perform a thorough due diligence on all LED manufactures’ and the LED products. Stouch Lighting is also the exclusive distributor of OptaLume, an innovative technology of highly reflective plastic substrate. Stouch Lighting provides a “Best Solution” approach, for your specific environment. We assess, educate, and evaluate each application, then recommend the best LED products for your environment. We provide you with cost of ownership models, Return on Investment (ROI) analysis, LED energy comparison matrix and cost verification to reduce your operating costs and maximize your energy savings.

Green Garage Associates, LLC 860.308.2054 [email protected] Deborah Ogden 610.558.9773 x14

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