March Proves to Be An Eventful Month (So Far) for Revolution Lighting Technologies

Destiny A. Lopez |

A well known technology that has become part of the green lifestyle movement is the use and application of light emitting diodes, or LED’s. Making the switch from those fluorescent flickering light to LED lighting has not only proven to be aesthetically better on the eyes; it’s also good for the environment. Because LED’s are energy efficient, long-term maintenance free service, and reduces packaging waste, the U.S. Department of Energy believes that by 2027, “widespread use of LEDs could save about 348 terawatt hours (compared to no LED use) of electricity.” Reducing overhead is only is music to the business ear; and Revolution Lighting Technologies (RVLT), a LED lighting solutions provider, aims to help usher businesses into a LED lit world.

Through their advanced product platform, Revolution Lighting provides LED lighting for domestic and international industrial, commercial and government markets.

The company offers its products to the market through a number of entities including:



  • Seesmart, which designs, develops and manufactures a line of high-quality interior and exterior LED lamps and fixtures.
  • Lighting Integration Technologies, which sells and installs Seesmart products.
  • Lumificient, a LED illumination supplier for the signage industry.
  • Relume Technologies, a manufacturer of outdoor LED products.
  • Sentinel, a provider of grid control system for outdoor lighting applications.
  • Energy Source, a LED installation solutions provider.

Revolution Lighting has reported impressive progress in recent weeks. Announced today, Revolution Lighting successfully completed more than 300 multi-family housing projects in 2015. The company, along with its Value Lighting division, supplied, among other lighting solutions, LED technology construction projects across the United States, including a number of multi-million dollar commitments, along with, according to the company, a secured mid-seven figures contract where the company will provide LED lighting solutions for a large sporting goods retailer.

"We are excited for the terrific work Value Lighting achieved in 2015, utilizing its experience, engineering capability, and industry knowledge to expand the company's presence and continued success throughout the multi-family housing sector," said Robert V. LaPenta, CEO and Chairman of Revolution Lighting Technologies. "The company has already continued its momentum into 2016, securing several new multi-family contracts, while preparing to expand into strong U.S. multi-family markets including New York, Chicago, and Boston."

Earlier this month, GB Energie LED installed Revolution Lighting Technologies' LED Solutions as part of a Washington D.C. Charter School retrofit project. Completed in February 2016, the retrofit aimed to reduce the school’s annual energy use by 65%. Furthermore, the company, through its operating division, Energy Source, also secured a three-year agreement within Eversource's Small Business Program to help address electric and gas consumption concerns. "We are excited to be awarded this new three-year agreement with Eversource's Small Business Program, expanding our presence in key energy efficiency retrofit markets to drive future growth and incremental revenue," said LaPenta. "This agreement, combined with Energy Source's recent award recognition by National Grid as a leading contributor within its Project Expediter Program for the eighth consecutive year, demonstrates our unique capability to partner with business customers large and small to exceed energy efficiency goals."

With businesses continuing to move towards greener daily operations, The Connecticut-based company shows no signs of slowing down. Revolution Lighting Technologies' impressive performance and pipeline of completed and secured projects not only places the company at the forefront of its industry; the company’s dedication to providing environmentally conscious lighting solutions helps keep the green drum beating.

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Companies

Symbol Name Price Change % Volume
RVLT Revolution Lighting Technologies Inc. 6.82 -0.03 -0.44 38,539 Trade

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