CRS Electronics

CRS Electronics

September 16, 2009 09:29 ET

CRS Electronics Inc. Reduces Humber College Energy Consumption With New LED Lighting

WELLAND, ONTARIO--(Marketwire - Sept. 16, 2009) - CRS Electronics Inc. ("CRS") (TSX VENTURE:LED), an engineer, designer, and manufacturer of LED lighting, is pleased to announce that Humber College ("Humber") has replaced 1,050 of their existing halogen 50 watt bulbs with CRS's 6 watt LED MR16 lights. CRS's new LED replacement lamps are expected to reduce Humber's energy consumption from 2,625,000 kWh to 315,000 kWh over the life of the bulbs and generate a 88% reduction in electrical demand and electrical consumption.

"Making the decision to switch to a greener product was easy. During testing it was clear that CRS's MR16 outperformed the competition," said David Griffin, Operations and Maintenance Manager at Humber College, "With CRS's innovative lights we will reduce operating costs by $525,000 over the estimated 9 year life of the bulbs in addition to doing our part to reduce our carbon foot print. We also eliminated sending approximately 3,000 halogen bulbs per year to the landfill.

"The diversity of our product applications is confirmed by Humber College's decision to install our MR16 product," said Scott Riesebosch, President of CRS Electronics, "The market opportunity in universities, colleges and other institutions for this kind of energy savings has barely scratched the surface. We have the ability to diminish energy consumption in almost every setting with our out-of-the-box products and our custom made contract manufacturing solutions."

About CRS

CRS is a leader in the emerging, rapidly-growing market of high efficiency light-emitting-diode ("LED"), or, solid state lighting ("SSL"). The principal activities of CRS include the development, manufacture and sale, primarily in North America, of indoor and outdoor lighting such as LED replacement lamps, LED streetlights, exterior LED warning lights on school buses, child safety systems for school buses and contract manufacturing of LED light boards. The Company currently sells an LED replacement for MR16 halogen bulbs and LED light engines ("replacement lamps") for decorative streetlights. CRS is a well-established supplier to both the school bus industry and the LED contract manufacturing industry, providing a stable and growing revenue source. CRS plans to be a major supplier of LED light engines for a variety of applications to be developed by CRS on its own and in conjunction with its customers.

Certain statements contained in this news release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in CRS Electronics' public filings, CRS's future outlook and anticipated events or results and can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of markets for products, availability to develop and manufacture products, availability of sufficient financing, receipt of approvals, satisfaction of escrow requirements, satisfaction of closing conditions, obtaining debt financing for capital expenditures, and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other CRS filings, and include sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other CRS filings at and other unforeseen events or circumstances. Other than as required by law, CRS does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

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