Scott Riesebosch, president of CRS Electronics, explained that customers that qualify for the rebate in these regions will be able to purchase the CRS product at a small fraction of the regular cost. This will create "a substantial, solid value proposition for their businesses," he said.
CRS anticipates shipping product in the first quarter of 2011. Orders should start to be placed over the next month as the utilities roll out the program to their commercial customers.
"The quality and performance of our products continues to be our competitive edge," said Riesebosch. "Producing LED MR16 replacement lamps which exceed the performance standards prescribed by major utility suppliers for a rebate approval has always been a top priority at CRS."
The two unnamed major utilities service a combined area of more than 100,000 sq. miles in 40 counties within the continental United States. The opportunity for CRS to capitalize on these rebate programs was described by the company as "significant."