LED lighting manufacturer Super Vision International, Inc. is to be renamed Nexxus Lighting, Inc. effective April 2007, and is relocating its corporate headquarters to Charlotte, North Carolina. The company, currently located in Orlando, Florida, will also change its stock symbol from "SUPVA" to "NEXS".
These changes are part of the company's new strategic plan to direct its focus toward advanced technology lighting products and systems, including LED and fiber-optic lighting and other new emerging "white light" technologies.
"Nexxus Lighting can be viewed as a brand new company with a solid foundation and a very clear vision," stated Mike Bauer, president and CEO. "Over the past year we have worked very hard to resolve the legacy issues that have burdened this company." These issues include the resolution of Super Vision's patent conflict with Color Kinetics (see Super Vision capitulates in Color Kinetics patent battle)
Initially, Nexxus Lighting, Inc. will serve as the umbrella for three distinct brands: Savi(TM) for state-of-the-art LED lighting products, systems and controls, Super Vision(TM) for fiber optic lighting systems and Oasis(TM) for illuminated water falls and water features. Further brands are expected to be added through development or acquisition.
The company will move its manufacturing and distribution operations to a new facility in Orlando, Florida. "This allows us to reduce our lease expense and remove a significant long term liability, but more importantly, allows us to properly optimize our production capabilities, improve work flows and speed up communication between sales and operations," said Bauer. The move should be completed by April 1.
Bauer says that the new HQ in Charlotte, North Carolina provides a more strategic and geographically central location on the east coast, in a state where LED technology is being embraced.
Marketing, sales and the corporate team will be later joined by a centralized research and development effort, says Bauer. "As new products or technologies are designed by this central team, we will determine the optimum location to manufacture those products based on manufacturing capabilities and requirements."
