The Lighting Science Group (OTCBB:LSCG), the leader in the ultra-efficient LED lighting revolution, has teamed up with SAIC Americas to launch its high-performance, low-cost LED infrastructure luminaires in East China. Lighting Science Group's street, parking and indoor lighting solutions can save energy by at least 50% compared to traditional high-pressure sodium lamps and extend their life by two to five times, potentially saving millions of dollars in energy during lamp life and Maintenance costs.
Mr. Chen, president of SAIC Americas, stated: “We chose Lighting Science Group as a partner because they provide the world’s most advanced and affordable LED lighting products. Their lighting solutions provide the best light distribution and superior The color and the best performance can meet China's energy, environment and design requirements extremely efficiently.†SAIC Americas is one of the largest industrial companies in China and a US subsidiary of GM’s China-based franchise SAIC.
Rich Weinberg, chairman and chief executive officer of Lighting Science Group, stated: "As the world's energy costs continue to climb, cities are looking for ways to save energy, and Lighting Science Group's LED products are the ideal solution. Our LED infrastructure products and traditional lamps Compared to at least 50% energy savings, it can be safely used without maintenance for many years to protect the environment and increase the city's net profit. SAIC Americas is the ideal partner to help us bring these products to the Chinese market.â€
SAIC Americas will first serve as the sole agent for Lighting Science Group's LED infrastructure products in Shanghai, Jiangsu, Zhejiang and Anhui provinces. The two companies are studying the feasibility of hiring qualified factories at the above locations to produce and assemble LED Lighting products for Lighting Science Group's products for the Chinese consumer market. This shows that both parties are working together to eliminate greenhouse gases emitted during shipment. Reduce carbon footprint.
Mr. Weinberg went on to say, “We live in a truly globalized world. This has provided an opportunity for partnerships that were hard to imagine in just a few years ago. Cooperation between SAIC Americas and Lighting Science Group shows that Today, companies are expected to establish business partnerships that not only promote the economic development of the city, but also contribute to international exchanges and the health of the global environment."
SAIC Group USA Company Profile
SAIC Group USA is a subsidiary of SAIC Motor in North America. SAIC is one of Fortune Global 500 companies, and its revenue in 2007 was US$18 billion. As one of the top three auto manufacturers in China, SAIC Group is mainly engaged in the production, sales, research and development and investment of passenger cars, commercial vehicles and parts and related service trade and financial services. In addition to directly operating auto parts and service and trading business, SAIC Group injected its vehicle business assets into Shanghai Automotive Co., Ltd. (“Shangqi Autoâ€) in October 2006, and holds 83.83% of the latter’s shares. . SAIC is one of the largest auto companies in China's domestic A-share market. The core values ​​of SAIC Group: customer satisfaction; achieving advantages through innovation; operating internationally and people-oriented. By seizing the opportunities brought about by the rapid development of the Chinese market, SAIC Group is committed to becoming an industrial investment and business operation enterprise integrating advanced production and modern services.
About Lighting Science Group
Lighting Science Group Corporation (OTCBB:LSCG) is dedicated to the design, development, production and sale of LED lighting solutions that are more environmentally friendly and energy efficient than traditional lighting products. Lighting Science Group offers a new range of LED lights in the same size as conventional lamp products or light bulbs and LED lighting for a range of applications, including public and private infrastructure for indoor and outdoor use. Lighting Science Group's Advanced Projects team business unit designs, develops and produces customized LED lighting solutions for architectural and art projects. Lighting Science Group is headquartered in Satellite Beach, Fla., has a European operation in Goes, The Netherlands, and a sales office in Sydney, Australia. The company has about 600 employees who use domestic or imported components to produce lighting products.
Forward-looking statements
Certain statements in this press release constitute forward-looking statements as defined in the “Safe Harbor†provision of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to: statements regarding the company's performance and its products (including its A19 omnidirectional LED bulbs) and/or the use of "anticipated," "hypothetical," "believes," "estimated," "anticipated," " Terms such as "purpose," "tentative," "plan," "prediction," "strive for," and "objective", variations of these terms, or statements of similar terms. These statements reflect the company’s current views on future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors may cause actual results to differ materially from the expected results of these statements. In evaluating these statements, please carefully review the risk factors listed in the “Risk Factors†section of the company’s recent filing with the Securities and Exchange Commission that may cause actual results to differ materially from those expressed in the forward-looking statements. .
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