SOLON, Ohio, June 30, 2014 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (OTCQB:EFOI), a leader in LED lighting technologies, today announced that the world's largest privately held real estate services company will start offering Energy Focus' LED lighting products to its properties through its preferred vendor program.
The preferred vendor program includes approximately 80 global preferred suppliers qualified through the real estate services company's rigorous due diligence process for product quality and company credentials. The program will encourage and promote the use of Energy Focus' tubular LED lighting products for retrofitting existing fluorescent fixtures, which can reduce lighting electricity costs of commercial buildings by 50% to 75%. The program also covers Energy Focus' other commercial and industrial LED lighting products, including parking luminaries, suspended linear direct/indirect fixtures, high-bay fixtures, outdoor wall packs, landscape lights, heavy duty dock lights, industrial strip lights and vapor strips.
"We are extremely pleased and excited to have been selected as a preferred LED retrofit lighting provider for this leading global property manager with over 4,000 managed properties that span approximately 500 million square feet in the U.S. alone," said James Tu, Executive Chairman and Chief Executive Officer. "This partnership not only opens a new and sizable market channel for Energy Focus, but also allows us to offer high quality LED lighting products and solutions at the lowest possible cost through our direct sales and service organization."
Energy Focus' extensive history as an LED technology development partner of the U.S. Government, as well as leading Energy Service Companies, has enabled it to provide both advanced and economical LED lighting products to the military, federal, state and municipal entities. "We now look forward to leveraging our leading LED lighting retrofit capabilities to expedite LED lighting adoption and help our clients significantly enhance buildings' energy efficiency in the commercial and industrial markets," concluded Mr. Tu.
Forward Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Generally, these statements can be identified by the use of words such as "believes," "estimates," "anticipates," "expects," "seeks," "projects," "intends," "plans," "may," "will," "should," "could," "would" and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from Energy Focus' forward-looking statements. These risks and uncertainties include, but are not limited to: growth in the markets into which Energy Focus sells; conditions of the lighting industry and the economy in general; statements as to our competitive position; future operating results; net sales growth; sources of net sales; the development and marketing of new products; relationships with customers and distributors; trends in the price and performance of light-emitting diode ("LED") lighting products; the benefits and performance of our lighting products; our strategy with regard to protecting our proprietary technology; and our ability to retain qualified employees. For more information about potential factors that could affect the financial results of Energy Focus, please refer to the Company's SEC reports, including its Annual Reports on Form 10-K and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements.
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology. Our solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government continues to enable us to provide energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets.
Customers include national, state and local U.S. government agencies as well as Fortune 500 companies, the U.S. Navy, and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, and the United Kingdom. For more information, see our web site at www.energyfocusinc.com.