CRS Electronics

CRS Electronics

June 16, 2015 09:19 ET

KVIC Lighting™ Wins Substantial Hotel Project

TORONTO, ONTARIO--(Marketwired - June 16, 2015) - CRS Electronics Inc. ("CRS" or the "Company") (TSX VENTURE:LED), a developer and manufacturer of LED lighting products, is pleased to announce that its KVIC Lighting™ brand has won a large hotel project specified by a top lighting design firm.

A prestigious lighting design firm chose LED lighting for cove applications in a large hotel project. LED products last longer than traditional lighting sources, consume less energy, and dim more economically. Originally, the lighting design firm preferred an older LED product provider.

The originally selected brand is prominent, often featured at trade shows, and a frequent winner of lighting awards. However, as is the case in virtually every electronic product category, the better product is the newer product. LED chips have evolved, driver components have improved and most LED providers of yesterday have not kept current with this latest technology.

After reviewing KVIC Lighting's™ LED Cove, the lighting designer changed their specification from their original choice to the superior product offered by KVIC Lighting™.

"We design our own drivers, circuitry and manufacture our LED boards," said Travis Jones, President & CEO of CRS Electronics. "This project requires nearly 20,000 linear feet of products, and we expect to have this order in Q4. We are incredibly honored to win this business by virtue of the careful examination of lighting experts. The marketplace understands the superiority of LED products versus traditional sources. However, astute specifiers are beginning to understand the vast differences between LED providers by considering lumen output and fixture efficacies. When this occurs, the KVIC Lighting™ portfolio will win every time. This lighting design firm was so pleased they requested a second sample for another upcoming project," 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.