SOURCE: Premier Holding Corporation
ALISO VIEJO, CA--(Marketwire - Jun 25, 2012) - Premier Holding Corp. (OTCBB: PRHL) (the "Company") is proud to announce today the signing of a Letter of Intent with Active ES Lighting Controls, Inc. to immediately acquire Active ES Lighting Controls' patents, technology, reseller agreements, company and products brands, copyrights, trademarks and other key certain assets. PRHL's wholly owned subsidiary, WEPOWER Ecolutions Inc. ("WEPOWER"), an energy service company (ESCO) and integrator of clean energy solutions, had previously been a distributor and marketer of Active ES lighting controls. Through these assets being acquired by PRHL, WEPOWER Ecolutions will now have the ability to own, lead and direct all of the North American and global sales, marketing and distribution efforts and work closely with the existing network of distributors in the U.S.
"PRHL is very proud to have the opportunity to be acquiring the patents on the highly innovative and time-tested Active ES lighting control devices, reseller agreements, brands and other key assets from Active ES," stated Kevin Donovan, president and CEO of PRHL. "We're looking forward to working closely with Larry Young, James Archdekin and the rest of the brilliant minds at Active ES and their reseller network to grow sales through our global channels and network at PRHL's subsidiary WEPOWER Ecolutions."
"Active ES is excited to be working with PRHL and WEPOWER Ecolutions through this process and we are very optimistic about the next generation of success with Active ES with the leadership and resources of PRHL. We are very impressed with WEPOWER's resources, talent and commitment to market and implement this technology throughout the U.S. and around the world," stated Larry Young, president and CEO of Active ES Lighting Controls, Inc.
Active ES Lighting Controls is a leading provider of energy-saving lighting power control technology for HID and fluorescent lights. Rapidly gaining popularity within the commercial, industrial, outdoor, and municipal sectors based on a patented, easy-to-use, and less-invasive approach to energy savings through lighting, Active ES' range of products improve the efficiency of existing HID and fluorescent lighting systems without the complexity, cost, or disruption to operations often associated with the use of trendy but less proven lighting upgrade strategies. Simply stated, HID lamps (which are among the most energy-efficient light sources available) start at full power and typically take up to 15 minutes to achieve full brightness. After this point, however, they no longer need full power to maintain optimum lighting levels, but are still consuming this excess power, wasting electricity, and unnecessarily damaging lamps and ballasts. Active ES lighting controls install between the panel and the load, seizing the opportunity to reduce the excessive energy that these lighting systems consume. Making some of the most efficient lamps in the world even more efficient, Active ES lighting controls proceed to smoothly, reliably, and cost-effectively reduce power to a specified level to deliver attractive energy savings of 10 percent to 36 percent.
Active ES has received overwhelming market response to their family of lighting power controllers, which represent simple, energy-efficient, and fully viable alternatives to the costlier, more involved, and sometimes riskier lighting retrofit strategies that are often recommended to commercial/industrial lighting users and municipalities. In the January 2012 issue of Building Operating Management, Active ES LiteOwl™ lighting control device won the honor of "Top Products Awards." The Top Products Awards recognized the most innovative and popular products from manufacturers and suppliers of the year, as determined by building and facility executives who participated in a national survey from over 550 products.
About Premier Holding Corp.
The Company provides financial and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies, to its current subsidiary, WEPOWER. The Company also intends to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated into WEPOWER, and utilize the overall economics of such products and services for the benefit of WEPOWER. www.prhlcorp.com
About WEPOWER Ecolutions Inc.
WEPOWER is a U.S. energy service company (ESCO) based in the Los Angeles area, that offers renewable energy production and energy efficiency products and services to commercial middle market companies, Fortune 500 brands, developers and management companies of large scale residential developments. WEPOWER's business is focused as an integrator of clean technology solutions in the U.S., with strategic expansion plans in Latin America, Asia and Europe. WEPOWER's core business expects to deliver green energy solutions, branded specifically as WEPOWER "ecolutions," which include best-of-class alternative energy technology portfolio in wind turbines, solar power systems, green roofs, smart lighting controls, LED lighting, battery storage power plants, energy and power control management systems, fuel reduction solutions for transportation and other clean technologies specific to its market. Additional integrated business offerings will include direct energy services as power purchase agreements (PPAs), energy financing and leasing of solar and wind-powered generation programs in urban and rural real estate environments. www.wepowereco.com
About Active ES Lighting Controls
A leading California-based provider of innovative lighting power control technology for HID and fluorescent lights, Active ES Lighting Controls is successfully providing its patented technology to professional lighting users internationally. Offering such exclusive solutions as its E-Series family of controls for a broad range of commercial, industrial, outdoor, municipal, and transportation venues as well as its LightHawk™ and LiteOwl™ controls for outdoor and street lighting applications, Active ES products are among the most elegant yet energy-efficient lighting retrofit options currently available in the market and allow lighting users to enjoy significant reductions in their energy consumption without the high degree of complexity, cost, and risk often associated with modern lighting retrofit strategies. Making some of the most efficient lamps in the world even more efficient, Active ES lighting controls are available through a national network of manufacturers' representatives, engineers, distributors, contractors, and energy conservation companies. www.ActiveES.com
Premier Holding Corp. Safe Harbor
This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.