CRS Electronics

CRS Electronics

March 17, 2015 09:57 ET

KVIC Lighting™ Paves Way in Ontario, Canada

TORONTO, ONTARIO--(Marketwired - March 17, 2015) - CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE:LED), a developer and manufacturer of LED lighting products, is pleased to announce another KVIC Lighting™ fixture installation in Ontario, Canada.

"We maintain our equipment under T5 fluorescent high bay lighting, and when a ballast failed we wanted to try something different on our shop floor," said Devin Vanderlaan, Managing Partner at Van Jon Paving. "On sunny days, we open doors to improve visibility. We installed the 8 foot, high output, linear KVIC Lighting™ fixtures, and it was as if we opened our doors on a sunny day. It was an amazing improvement in the amount and quality of light," said Mr. Vanderlaan.

"Van Jon Paving will save 85% in energy costs as a result of converting to KVIC Lighting™, and they will no longer have to worry about special hazardous disposal procedures when discarding failed T5 fluorescent lamps," said Travis Jones, President & CEO of CRS Electronics.

"The KVIC Lighting™ brand is made in North America, and Van Jon Paving selected us partly for that reason. We are grateful customers still care where products are made," said Jones.

About CRS

CRS Electronics Inc. (TSX VENTURE: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.