CRS Electronics

CRS Electronics

February 03, 2015 13:40 ET

CRS Electronics: Lumenova™ Dramatically Expands Portfolio

TORONTO, ONTARIO--(Marketwired - Feb. 3, 2015) - CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE:LED), a developer and manufacturer of LED lighting products, is pleased to announce an expansion of lamp selection at Lumenova™.

Lumenova™, a CRS Electronics brand of high performance LED lamps introduces a substantial product line expansion. "The marketplace is divided between LED lamps using multi-optic, high performance products and single-optic, halogen-like units. We are expanding our portfolio to offer the best of both worlds," said Travis Jones, President & CEO.

Lumenova™ has ventured into new categories as well adding 277 volt, wet location and 2,000 lumen lamps. New product categories such as Candelabra, Recessed Downlights, S14 and Vanity lights have also been added.

"Our team has been hard at work researching and developing strategic partnerships. These alliances allow the Lumenova™ portfolio to expand at a rate that would otherwise be impossible through traditional development models. Not only are we co-branding with key partners, but we are now adept at sourcing needs on a project opportunity basis. We have significantly increased our agility in a rapidly evolving marketplace," said Jones.

About CRS

CRS Electronics Inc. (TSX-V:LED) 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 Electronics include the development, manufacture and sale, primarily in North America, of indoor lighting products such as LED replacement lamps, exterior LED warning lights for school buses, child safety systems for school buses, LED architectural lighting fixtures, and contract manufacturing of LED circuit boards. As an innovator of LED solutions since 1998, CRS Electronics Inc. continues to expand its product portfolio and market presence with business partners and customers. KVIC Lighting™ and Lumenova™ are two product lines that exemplify CRS Electronics Inc. commitment of expansion.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws which 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. 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 availability of sufficient working capital for development and operations, availability of a qualified work force, availability of manufacturing equipment 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.