SOURCE: Digital Lumens

Digital Lumens

January 26, 2011 08:00 ET

Digital Lumens Teams With RELAMP LED to Finance Customers' Purchases of Intelligent Lighting Systems

Dramatic System Savings and Attractive Terms Make Financing Program Cash Flow Positive for Customer From Day One

BOSTON, MA--(Marketwire - January 26, 2011) - Digital Lumens, developer of the industry's first Intelligent Lighting System, today announced that RELAMP LED now offers financing solutions for customers purchasing the Digital Lumens Intelligent Lighting System. The program requires no upfront capital and is cash flow positive from the outset. 

With this financing, RELAMP LED creates a fixed payment system for customers based on anticipated savings from the LED retrofit project. Monthly payments on the new system are less than the monthly operating costs of the old, inefficient lighting -- enabling customers to realize savings as soon as the system is installed. Once the payment plan is completed, all future energy savings are accrued directly to the client's bottom line.

"The dramatic savings from the Intelligent Lighting System make financing an appealing option for customers who want to improve energy efficiency, reduce long-term exposure to energy rate inflation, and conserve cash," said Michael Feinstein, Digital Lumens Vice President of Sales and Marketing. "The Digital Lumens system provides a direct lighting energy reduction of up to 90%, which creates ample room for attractive financing packages."

"Clients no longer have to forgo dramatic energy savings due to capital budget limitations," said Matt Millman, Principal, RELAMP LED. "With this program, they can lock in immediate savings on their monthly energy bills and hedge against future utility rate increases -- all while reducing monthly energy expenses."

About Digital Lumens
Digital Lumens develops LED-based Intelligent Lighting Systems that reduce industrial customers' lighting-related electricity expenses up to 90% and transform lighting into a managed asset, improving efficiency, control and operational insight. Incorporating custom-designed LED-based luminaires, integrated intelligence, sensors, and wireless networking into a single system, the company is defining a new class of networked lighting solution for customers. Digital Lumens has recently been recognized as a 2011 World Economic Forum Technology Pioneer and a 2010 Global Cleantech 100 Company. For more information, please visit www.digitallumens.com.

Note to editors: Digital Lumens and Intelligent Lighting System are trademarks of Digital Lumens, Inc.

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