SOURCE: SavWatt USA, Inc.

SavWatt USA, Inc.

February 23, 2011 16:20 ET

SavWatt Updates Shareholders on Recent Developments

BALTIMORE, MD--(Marketwire - February 23, 2011) - SavWatt USA, Inc. (OTCBB: SAVW) SavWatt, the leader in LED lighting technology and the green revolution, signed a 10-year-lease for a new state of the art facility called "SavWatt's Eco Hub." This 21,000 square foot facility in Baltimore, MD will also serve as a model assembly and quality control center. The SavWatt Eco-Hub is planned for a May 2011 grand opening.

SavWatt further announces the approval to install a SavWatt's Eco-Pole at the Baltimore, Maryland Science Center. SavWatt's vertical wind turbine/solar/ 60 watt LED light will be showcased, educating the public about the benefits of renewable energy.

In more positive news, SavWatt has entered into an agreement with investment banker, BAUHAUS CAPITAL, Madrid, Spain. BAUHAUS will assist SavWatt in developing a European distributor strategy and EU grant funding for SavWatt's energy conservation products.

SavWatt has been aggressively signing on distributors and energy service providers to promote and develop SavWatt products. Recently a SavWatt Baltimore Energy Service Provider (ESP) completed a full retrofit of a McDonalds in Baltimore with LED lighting. This first LED McDonalds is being analyzed for energy savings and a possible national rollout.

About SavWatt

Fast becoming the market leader in LED lighting, SavWatt focuses on developing innovative, energy-efficient and cost-effective LED lighting solutions. By delivering value added, application-specific LED lighting systems, we can significantly reduce energy costs and minimize our carbon footprint world-wide. SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb. SavWatt's product families include LED fixtures, bulbs, street lights, and parking lights. For additional product and company information, please refer to www.SavWatt.com. To hear audio updates on the company text SAVW to 46800. Visit our official Facebook page at http://www.facebook.com/SavWatt.

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may encounter delays or other difficulties in ramping up production of our new products; the rapid development of new technology and competing products that may impair demand or render SavWatt's products obsolete; and other factors discussed in SavWatt's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended December 31, 2009, and subsequent filings.

SavWatt is a registered trademark of SavWatt USA, Inc.

Contact Information

  • Contact:
    Brendan Magone
    Investor Relations
    1-307-399-2507
    Email Contact or
    Text BRENDAN to 46800 (GO800)