SavWatt's Eco-Pole Demand Grows
18 Outubro 2011 - 11:45AM
Marketwired
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the
Green Revolution, announced today that the Company is progressing
with the following initiatives:
- On October 10, 2011 SavWatt management attended a Bladensburg,
MD town council where SavWatt was presented with awards for their
participation on installing two Eco-Poles to contribute to
Bladenburg's Green Street initiative. Bladensburg's proximity to
Washington DC not only makes our Eco-Pole a showcase for the green
advocacy groups of federal, state, and local government officials,
this also provides SavWatt a unique exhibition and exposure
opportunity.
- The Eco-Pole is being planned for installation in Stony Brook,
NY; Riverhead, NY; Ocean City, MD; Milford, DE; and Newark, NJ.
Additionally, international locations are planned for Warsaw,
Poland and Vitoria and Barcelona, Spain. Our web site will soon be
enhanced with a map showing new Eco-Pole sites with specific
details and pictures of each installation.
- SavWatt has made several executive changes and additions within
the Company. Mr. Ike H. Sutton will assume the role of CEO. Mr.
Adam Kolodny will take on the role of COO and Mr. Michael Haug has
accepted the newly created position; EVP of Sales and Eco Hub
Development. Several candidates for the open CFO position are being
interviewed, and Mr. Kolodny will continue in this role until the
position is filled. Additionally, Mr. E. Tracy Lewis, of Nexus
Solutions Group, has joined the team to lead strategic and
government relations. These executive management changes align
SavWatt with the evolving direction of the LED lighting industry
and serve the greater demand and increasing opportunities for new
business. These changes in our executive team will also better
position our growth and bring management skills to areas that
require development.
- Upcoming events SavWatt will be participating: October 26
Middle Atlantic Parking Conference - University of Baltimore, MD
www.themapa.org October 27-29 Maryland Clean Energy Summit - Hilton
Inn, Baltimore, MD www.mdcleanenergy.org October 27-30 Hong Kong
International Light Fair - Hong Kong www.hktdc.com November 2-3 Mid
Atlantic Building & Facility Management Conf - Summit, NJ
- SavWatt has signed an agreement with a non-profit organization
to provide on-demand workforce, at the Baltimore facility. This
non-profit specializes in serving individuals with disabilities and
difficulties with obtaining employment.
- On October 11, 2011 both SavWatt Trademark applications were
approved: Serial Number: 85-288,397 Mark: SAVWATT, Serial Number:
85-288,400 Mark: ECO-POLE.
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.
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,
2010, and subsequent filings.
SavWatt and Eco-Pole are registered trademarks of SavWatt USA,
Inc.
Contact: Investor Relations 1-443-449-2886 Email Contact
SavWatt USA (CE) (USOTC:SAVW)
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