CRS Electronics

CRS Electronics

April 02, 2014 09:19 ET

Lumenova™ Seizes Top 3 Energy Star Positions in R20, BR30 and BR40 Categories

TORONTO, ONTARIO--(Marketwired - April 2, 2014) - CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE:LED), a developer and manufacturer of LED lighting products, today announced that its Lumenova™ lamps seized the Top 3 Energy Star Positions in R20, BR30 and BR40 Categories.

Lumenova™ - a CRS Electronics Company- released its Energy Star certified R20, BR30 and BR40 lamps. In total lumen output, each product occupies first, second and third positions.

"We surprised ourselves by testing this far ahead of the marketplace" said Travis Jones, President & CEO of CRS Electronics. "Scott Riesebosch, our Chief Technology Officer deserves a lot of credit. Customers have a plethora of choices, and we are delighted there are many who care how their LED lamps perform. We target customers who care about the operational efficiency and output of the LED systems they purchase, and we are gratified there are many who do. It's why our sales pipeline is growing at nearly a million dollars each week."

Lumenova™ is preparing to introduce A19, Candelabra and an LED solution for compact fluorescent lamps. "Delivering some of the highest output, efficacies and unique 2200K Kelvin temperature as part of our strategy across the portfolio. Our newest products which debut at Lightfair will adhere to our strategy and even further surpass the competition."

About CRS Electronics

CRS Electronics Inc. (TSX VENTURE:LED), a Lighting Facts partner, 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 continues to expand its product portfolio and market presence with business partners and customers, and under its own product brands, which include CRS Electronics and Lumenova™.

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.

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