SOURCE: Albeo Technologies, Inc.

November 12, 2007 10:00 ET

Albeo Technologies Inc. Honored at 20th Annual NREL Industry Growth Forum

Outstanding Business Case at America's Largest Cleantech Venture Event

BOULDER, CO--(Marketwire - November 12, 2007) - Albeo Technologies, Inc. announces that it has received the "Outstanding Presentation" award along with a $5000 prize at the U.S. Department of Energy National Renewable Energy Laboratory's (NREL) 20th Industry Growth Forum, promoted as America's largest venture event focused exclusively on companies developing clean energy products. At the event, 32 company presentations were judged by a panel of venture capital and angel investors, investment bankers, and other experts in the alternative and clean energy and energy conservation markets, and judges selected three for awards. Albeo was selected for this honor based on the strength of the company's business case, marketing strategy, management strength, and potential return on investment.

Jeff Bisberg, cofounder and CEO, presented how Albeo's intelligent solid-state lighting (SSL) delivers operational savings and higher profitability to industrial and commercial customers. Albeo's white-LED SSL provides these immediate benefits and excellent payback by reducing energy consumption and maintenance, materials, recycling, and cooling costs. "The judging panel of corporate leaders and venture capitalists clearly understood our message that Albeo's intelligent SSL products provide benefits that are unattainable with other technologies and address real customer pains. Our solid engagements, rapid revenue growth, and critical intellectual property clearly showed them that Albeo has put together an 'A team,'" said Bisberg. "We thank NREL, Xcel, and the judges for the recognition and the opportunity to present our case to potential investors."

Albeo's products for commercial and industrial applications include:

--  T8LED™, fluorescent to high efficacy LED conversion kit
--  Atmosphere™ cove lighting
--  Brilliance™ showcase lighting
--  Talea-HP™ for undercabinet applications
    

These products are all currently available directly from Albeo or through one of the company's channel partners. Contact information is provided below.

About Albeo Technologies, Inc.

Albeo manufactures high-quality, long-lasting solid-state lighting products for homes, businesses, and industrial facilities that improve energy savings, reduce maintenance costs, and are safe and easy to install. Based on advanced electro-optic technologies, Albeo's reliable lighting fixtures provide superior performance at lower costs than competing technologies. Albeo's management team has decades of experience in solid-state product development and manufacturing, and continues to deliver new products that enable users to better control their total operating costs. For more information, product briefs, and specifications, visit www.albeotech.com or call toll-free +1 (866) 825-5420.

Atmosphere, T8LED, Talea-HP, Brilliance, and Albeo are trademarks of Albeo Technologies, Inc.

Contact Information

  • Contact:
    Jeff Bisberg
    Albeo Technologies, Inc.
    3125 Sterling Circle, Suite 105
    Boulder, CO 80301
    Phone: 720-407-4960
    FAX: 720-407-4965
    E-Mail: Email Contact
    www.albeotech.com

    Media Contact:
    Tracy Earles
    mobile: 719-439-4230
    Email Contact