Savwatt to start Baltimore LED production
Baltimore, MD) - SavWatt USA, Inc. (PINKSHEETS: LDVK), pioneers in LED lighting, met with officials from Baltimore Development Corporation, Maryland Department of Business & Economic Development, and City of Baltimore Department of Transportation last week to discuss SavWatt's production plans for LED lights in Baltimore. SavWatt is proud to announce that production will take place in Baltimore, MD, USA in first quarter 2011. City and State officials are excited by SavWatt's presence, as this will help create jobs in Maryland and will boost SavWatt's plans of becoming a "Buy American" product.
Michael Haug, CEO of SavWatt, commented, "This is just the beginning of a mutual relationship between the City of Baltimore and SavWatt. We plan on expanding our workforce considerably within the next two years. With the City of Baltimore's endorsement and State of Maryland's support, SavWatt will not only Brand itself as a leader of innovative LED lighting but also set the standard throughout America."
Mr Haug further commented, "SavWatt will benefit by manufacturing LED lights in America. SavWatt will also benefit with the various Government and State programs available for its work force, training, and energy grant programs. 'Buy American' tag will be associated with a few of SavWatt's products and eventually the whole product line in the near future."
SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. SavWatt is a market-leading innovator of LED lighting. SavWatt's product families include LED fixtures, bulbs, Street Lights and Parking Lights. For additional product and company information, please refer to www.savwatt.com.
This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may encounter delays or other difficulties in ramping up production of our new products; the rapid development of new technology and competing products that may impair demand or render SavWatt's products obsolete; and other factors discussed in SavWatt's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended December 31, 2009, and subsequent filings.
SavWatt is a registered trademark of SavWatt USA, Inc.
SavWatt USA, Inc. 866-641-3507 Michael Haug CEO