SOURCE: Revolution Lighting Technologies

Revolution Lighting Technologies

November 02, 2015 07:37 ET

Revolution Lighting Technologies Selected by Raley's for Enhanced Energy Savings

California Based Grocery Chain Installs $300,000 Worth of LED Tubes Across Seven Retail Locations

STAMFORD, CT--(Marketwired - November 02, 2015) - Revolution Lighting Technologies (NASDAQ: RVLT), a leader in advanced LED lighting technology solutions, today announced it was selected by Raley's, a California-based, family-owned grocery chain, to install its G3 LED tube technology within seven retail locations.

The deal has already resulted in more than $300,000 worth of tubes installed from Revolution Lighting Technologies, with an additional opportunity existing for RVLT to provide its LED tubes for another 20+ stores in 2016, worth an estimated additional $800,000 for a total project cost of $1.1 million.

The project with Raley's comes just a few months after Revolution Lighting Technologies received a food and safety certification for all of its plastic G3 LED tube lamps from NSF International for installation in food processing areas. This key certification ensures that Revolution Lighting Technologies and its technology meets the highest standards in food safety, passing stringent testing from both the FDA and USDA, while allowing the company to further expand its business into new markets like food storage and preparation areas within all grocery stores, restaurants and food processing/storage centers.

"Revolution Lighting Technologies is proud to be selected by Raley's, installing our market leading G3 LED tubes to provide its customers with a unique shopping experience through LED's superior light quality versus other lighting technologies," said Robert V. LaPenta, CEO and Chairman of Revolution Lighting Technologies. "Achieving the NSF food safety certification for our LED tubes allowed RVLT to provide a comprehensive lighting retrofit solution for Raley's, including a glass and mercury free lighting solution within food preparation and storage areas in addition to general store lighting."

Lighting makes up 18% of U.S. supermarket and grocery store energy use. With approximately 40,000 stores nationwide, totaling 1.6 billion sq. ft., LED lighting could have a significant impact, reducing the approximately $4 per sq. ft. spent on energy use to save grocers $691 million annually. This represents an enormous market opportunity for Revolution Lighting Technologies and its NSF certified G3 LED tubes.

Raley's Family of Fine Stores has more than 126 locations in Northern California and Nevada, and has always made a concerted effort to be more sustainable and energy efficient than its counterparts. This project with Revolution Lighting Technologies will focus on not only energy savings and food safety, but also general aesthetics and remodeling to present merchandise in the most optimal way possible. Raley's can expect a more than 50% return on investment based on energy savings, maintenance deferral, utility rebates and other key factors.

"We are thrilled to be working with Revolution Lighting Technologies, expanding our commitment to sustainability and energy efficiency, reducing lighting energy use within our stores by 60%," said Randy Walthers, manager, energy/utilities, Raley's. "RVLT's recent achievement of the NSF International food safety certification for its LED tubes provided a singular, high quality, LED lighting option for both general retail and food preparation/storage areas. In addition to being glass and mercury free, RVLT's LED tubes will help Raley's continue to offer the best shopping experience to our customers, and we look forward to continuing this successful partnership."

About Revolution Lighting Technologies, Inc.

Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of LED lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced technology and aggressive new product development, Revolution Lighting has created an innovative, multi-brand, lighting company that offers a comprehensive advanced product platform. The company goes to market through its Seesmart brand, which designs, engineers and manufactures an extensive line of high-quality interior and exterior LED lamps and fixtures; Lighting Integration Technologies Inc., which sells and installs Seesmart products; Lumificient, which supplies LED illumination for the signage industry; Relume Technologies, a leading manufacturer of outdoor LED products; Sentinel, a revolutionary, patented and licensed monitoring and smart grid control system for outdoor lighting applications; and Energy Source, a full service turnkey solutions provider and installer of LED technology. Revolution Lighting Technologies markets and distributes its products through a network of independent sales representatives and distributors, as well as through energy savings companies and national accounts. Revolution Lighting Technologies trades on the NASDAQ under the ticker RVLT. For additional information, please visit www.rvlti.com.

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