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Value Energy Lighting Solutions Wins $1,050,000 Lighting Contract for Residential Apartment Building in Northern New Jersey
STAMFORD, CT --(Marketwired - February 09, 2016) - Revolution Lighting Technologies (NASDAQ: RVLT), a leader in advanced LED lighting technology solutions, today announced that its division, Value Lighting, has been awarded a $1,050,000 project with Mill Creek Residential Trust for the installation of lighting infrastructure, including LED lighting, throughout one of Mill Creek Residential Trust's newest properties in northern New Jersey.
RVLT's division Value Lighting has supplied lighting solutions, including LED lighting, for Modera Lofts, Mill Creek Residential Trust's newest residential structure located in Jersey City, New Jersey. The lighting is located throughout common areas, corridors, and amenity areas of the former eight-floor industrial building turned into 366 luxury loft-style apartments.
"We are excited to provide high efficiency lighting solutions for Mill Creek's latest multi-family project. This project represents another significant milestone for Revolution Lighting Technologies, and our division, Value Lighting, continuing to capitalize on growth in the multi-family sector," said Robert V. LaPenta, CEO and Chairman of Revolution Lighting. "Lighting consists of 12% of residential energy use, and delivering high efficiency lighting solutions, including LED technology, which is up to 85% more efficient than other antiquated residential lighting technologies, significantly reducing long-term operating expenses and allowing property owners and developers to deliver high efficiency homes for their residents."
This project is one of several Mill Creek multi-family residential lighting projects currently in the pipeline for Value Lighting. Value Lighting has seen accelerated interest in LED lighting technologies from its customers, particularly within multi-family building projects, and expects the Company's success in the multi-family market to continue as it pursues additional projects with Mill Creek in Atlanta, Ga.; Orlando, Fla; Hopkinton, Mass; Parsipanny, NJ; and Washington D.C. totaling $3 million in bidding opportunities.
About Revolution Lighting Technologies, Inc.
Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of LED lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced technology and aggressive new product development, Revolution Lighting has created an innovative, multi-brand, lighting company that offers a comprehensive advanced product platform. The company goes to market through its Seesmart brand, which designs, engineers and manufactures an extensive line of high-quality interior and exterior LED lamps and fixtures; Lighting Integration Technologies Inc., which sells and installs Seesmart products; Lumificient, which supplies LED illumination for the signage industry; Relume Technologies, a leading manufacturer of outdoor LED products; Sentinel, a revolutionary, patented and licensed monitoring and smart grid control system for outdoor lighting applications; and Energy Source, a full service turnkey solutions provider and installer of LED technology. Revolution Lighting Technologies markets and distributes its products through a network of independent sales representatives and distributors, as well as through energy savings companies and national accounts. Revolution Lighting Technologies trades on the NASDAQ under the ticker RVLT. For additional information, please visit www.rvlti.com.