SOURCE: Revolution Lighting Technologies

Revolution Lighting Technologies

February 02, 2016 07:37 ET

Revolution Lighting Technologies' Tri-State LED Completes LED Lighting Retrofit Throughout Lehman College Campus

Revolution Lighting Completes Fifth Project for Bronx-Based University, Installing Its Industry Leading T8 LED Tubes Since 2010

STAMFORD, CT--(Marketwired - February 02, 2016) - Revolution Lighting Technologies (NASDAQ: RVLT), a leader in advanced LED lighting technology solutions, today announced the completion of an LED retrofit project with Lehman College, the Bronx-based senior college of the City University of New York. The work, facilitated by Revolution Lighting Technologies operating division Tri-State LED, involved the installation of Revolution Lighting Technologies T8 LED tubes to increase energy efficiency and decrease utilities costs across campus. The multi-phase program has installed LED tubes, which are 60% more efficient than fluorescent lighting, to achieve an average payback of only 2.5 years. 

"Revolution Lighting allows us to stay ahead of the market in terms of technology adaptation, capitalizing on their premier customer service, industry leading knowledge, and high quality LED solutions to maximize our efficiency goals, and provide superior light quality for our students," said Rene Rotolo, the assistant vice president for Campus Planning and Facilities at Lehman College. "We look forward to continuing our efforts to become a more sustainable and energy efficient institution while providing a healthy working environment for our students."

Recently completed higher education projects, including this work at Lehman College, have expanded Revolution Lighting's continued penetration into the education sector. In addition, the company recently completed multiple LED retrofit projects for academic institutions in 2015, including $2.2 million in contracts with the Parsippany-Troy Hills School District and the New Rochelle Public School system, as well as work with Iona College and Johnson & Wales University.

"We are excited to work with Lehman College, creating more efficient and productive learning environments for their students through LED technology," said Robert V. LaPenta, CEO and Chairman of Revolution Lighting. "Lighting can account for nearly a third of annual energy expenses among higher education facilities, representing a significant savings opportunity through LED lighting's superior efficiency. Our continued work within higher education speaks directly to the knowledge and expertise of Revolution Lighting and its operating divisions to maximize economic performance, exceed environmental initiatives and enhance safety and well-being."

As cited throughout a U.S. Environmental Protection Agency report, school buildings are often able to achieve upwards of 40% energy cost savings through LED lighting installations and retrofits. In addition, the superior lamp life of Revolution Lighting's LED tubes, 70,000 hours compared to 15,000 hours for their fluorescent counterpart, results in a significant decrease in maintenance costs for schools. LED lighting does not require a warm-up period, is dimmable, and is controllable through various types of sensors and lighting control systems.

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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