SOURCE: Luna Technologies International, Inc.

May 10, 2005 09:00 ET

Luna Highlights NYC Department of Building's Public Hearing for Local Law 26 Draft

KENT, WA -- (MARKET WIRE) -- May 10, 2005 -- Luna Technologies International, Inc. (OTC BB: LTII) highlights to shareholders the significance of pending changes to building codes that will require the use of photoluminescent emergency signage and wayfinding systems. A public hearing concerning the photoluminescent standards of Local Law 26 was held recently by the New York City Department of Buildings. The purpose of the hearing was to gather feedback from the public before the finalized specifications for Local Law 26 come into effect in July of 2005. All office buildings in excess of 75 feet will be required by the revised building codes to complete the installation of a photoluminescent egress system by July 1st of 2006.

The new standard will provide minimum requirements for low-level photoluminescent markings that are intended to "aid in evacuation from buildings in the event of failure of both the power and back-up power to the lighting and illuminated exit signs." In particular, the standard calls for these markings to be included throughout every stairwell, including: around all landing perimeters, along the full length of every handrail, on each step, and around all obstacles to egress. These requirements culminate into an estimated 7 square feet of photoluminescent material to be installed per floor of each stairwell. Within New York City there are an approximate 5,300 high-rise office buildings that fall under this mandate, containing an approximate 100,000 stairwell floors.

Speaking about the opportunity ahead, Luna Technologies' President Scott Bullis stated, "Luna will be providing a range of emergency signage and wayfinding systems tested to the requirements of the new standard. This range will offer building owners and managers the necessary selection for a turnkey solution to the photoluminescent requirements of Local Law 26." He went on to say that "We believe this new building code can save lives, and Luna is prepared to assist with the code's rapid implementation in this very large market."

About Luna Technologies

Luna Technologies is a leading developer and manufacturer of modern high performance photoluminescent products. It is credited with the first commercially available Strontium Aluminate based products, the first photoluminescent Exit sign to pass Underwriters Laboratories' tough 75 ft. visibility/legibility standard, as well as the first photoluminescent Exit Sign to be approved by the Energy Star program. From buildings of all types, to airplanes, trains and passenger ships, photoluminescent products are enhancing progressive life-safety systems. Luna Technologies is leading this initiative, from advising building code and standards organizations to assisting companies to integrate photoluminescent systems into their life-safety programs.

Cautionary Note Regarding Forward-Looking Statements and Risks

Some of the statements in this press release are forward-looking statements and as such are based on an assumed set of economic conditions and courses of action. These include statements that describe Luna Technologies' future plans, objectives or goals. There is a significant risk that actual results will vary, perhaps materially, from results projected depending on such factors as changes in general economic conditions and financial markets, changes in building codes, the timing and availability of financing, governmental and other approvals and other risk factors listed from time-to-time in Luna Technologies' Form 10-K and its other reports filed with the Securities and Exchange Commission. Luna Technologies disclaims any responsibility to update forward-looking statements made herein.

Contact Information

  • Contact Information:
    Investor Relations:
    John Kuehne or Frank Quinby
    SmallCap Corporate Partners Inc.

    Luna Technologies International, Inc.