TROY, Mich., April 17, 2012 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), in conjunction with LEDs America, Inc., is pleased to announce that the Company has recently begun testing several of LEDs America's LED-O® products on behalf of a group of potential clients based in the country of India.
Upon successful confirmation of energy savings of 50% to 90% and zero maintenance requirements, along with no hazardous gases from LEDs America products, the Company expects to secure its first major order from India with an estimated value of $1.2 million (U.S. dollars).
As announced earlier this year (1/30/12), Viper Networks has 100% exclusivity for LEDs America's LED-O® products in India including sales and marketing export rights for the next 5 years, with multi-year renewals to be based on certain regional distribution benchmarks and annual sales growth achieved during the initial period.
Since Viper Networks has entered into a manufacturing joint venture with LEDs America of North America, the Company will be working diligently to help ramp up higher production levels, while instituting quality control measures for manufactured parts, streamlining assembly line efficiencies and establishing end line packaging and shipping options for worldwide delivery.
North American distribution venues are being reviewed, in addition to numerous export access points throughout India and multiple countries in the Middle East.
LEDs America continues to expand their line of LED-O® lights, tubes, bulbs and flood lights, which now include replacement products for most street and parking lot lights in the towns and cities across America.
Targeting this significant U.S. market, Viper Networks expects to soon announce that the Company has entered into a LED-O® testing arraignment with one of the largest municipalities in the United States. The value of the potential order stemming from the completion of successful testing is significantly larger than the estimated order value highlighted in this release regarding India.
All LEDs America bulbs and lamps are sold under the brand name LED-O®, which with combined features will not only save 90% of the energy used in a standard bulb, but also save 50% compared to a CFL, while emitting no UV light and containing no mercury.
The LED-O® fits all standard fixtures and lamps, is 100% recyclable and can be used with any voltage 85-277 V. LEDs America has developed breakthrough technology in creating an LCC- LED Cluster Chip light source to replace incandescent bulbs with a much more naturally emitting light.
For additional information, please visit www.LEDsAmerica.com and www.LEDOglobal.com.
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance.
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