SOURCE: SavWatt USA, Inc.

SavWatt USA, Inc.

April 01, 2011 08:00 ET

SavWatt's Subsidiary Pro EcoSolutions Signs Contract With Con Edison

Con Edison to Pay 65 Cents per Watt Saved

BALTIMORE, MD--(Marketwire - April 1, 2011) - SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the green revolution, announced today that their subsidiary Pro EcoSolutions LLC has entered into a non-exclusive agreement with Comverge / Con Edison to administer their Targeted Demand Side Management Program.

Con Edison's Targeted Demand Side Management Program offers incentives for upgrading to more energy efficient equipment. Pro EcoSolutions will target New York City businesses, replace existing incandescent bulbs, subsidize the cost of lighting, and administer the installation. Con Edison will be paying Pro EcoSolutions 65 cents per watt saved.

John Romano, President of Pro EcoSolutions, LLC commented, "This agreement provides us with the incentives to be on the street in New York City, offering FREE energy saving bulbs to businesses. Our short term goal is to give away 100,000 energy saving bulbs, saving 4.7 million watts, which provides substantial energy saving costs to these businesses. In addition these efforts will contribute to our Green efforts by reducing carbon emissions and energy loads for Con Edison. This program will generate revenues for Pro EcoSolutions and our parent SavWatt."

About Pro EcoSolutions, LLC
Pro EcoSolutions (PES) is a New Jersey based implementation firm specializing in comprehensive support services for all energy services companies and performance contractors. PES provides a single source for project support and installation. Pro EcoSolutions professionals will develop design/build specifications, manage construction, and provide post-installation performance evaluations. For further information visit our web site at www.pro-ecosolutions.com

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:
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    Investor Relations
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    or Text BRENDAN to 46800 (GO800)