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8-K - FORM 8-K - POWERSECURE INTERNATIONAL, INC. | c25224e8vk.htm |
Exhibit 99.1
PowerSecure Introduces New Energy Efficient SuperTubeTM LED
Light Replacement for Traditional Overhead Fluorescent Lighting
Light Replacement for Traditional Overhead Fluorescent Lighting
Wake Forest, N.C. November 28, 2011 PowerSecure International, Inc. (Nasdaq: POWR) today
announced it has introduced its new SuperTubeTM, an energy efficient LED-based light,
designed to replace and upgrade commercial overhead T8 and T12 fluorescent lighting. The new
technology is market ready, and the first installation of SuperTubes and power drivers was
completed at a customer facility right after receiving UL certification. This first SuperTube
installation instantly and significantly improved the energy efficiency and quality of light in the
facility.
Sidney Hinton, CEO of PowerSecure, said, We are very excited to introduce our new SuperTube light
to the marketplace. We invested the last twelve months developing this technology to deliver a
product that maximizes lighting quality at the lowest possible cost. The market for energy
efficient overhead LED lights to replace fluorescent T8 and T12s is simply enormous, and we
believe we have a great product designed to address key needs in the marketplace. The most
important of these attributes is that the SuperTube improves the quality of light in the workplace
significantly, and delivers a strong energy efficient return on investment for our customers. I am
pleased to report that our first installation was a terrific success, as I was blessed to witness
the installation and hear our customers praise for the SuperTube first hand which was
reinforced by the fact that they have already ordered a second shipment.
The SuperTube is specifically designed for indoor T8 and T12 retrofit applications, and to deliver
strong returns on investment for customers installing the lights. They are engineered to deliver
up to 75% energy savings compared to traditional fluorescent lighting, and improve the quality of
light in the workplace. They are also designed to significantly reduce maintenance cost, due to
their long light life of approximately ten years which would require the utilization of four
fluorescents over the same period. Importantly, the lights are easy to retrofit, which keeps the
cost of installation low, and enables customers to complete energy efficiency projects
expeditiously.
About PowerSecure
PowerSecure International, Inc. is a leading provider of Energy and Smart Grid Solutions to
electric utilities, and their commercial, institutional, and industrial customers. PowerSecures
Energy and Smart Grid Solutions businesses provide products and services in the areas of Energy
Efficiency, Interactive Distributed Generation, and Utility Infrastructure. The Company is a
pioneer in developing Interactive Distributed Generation® systems with sophisticated,
proactive smart grid capabilities, including the ability to 1) forecast electricity demand and
electronically deploy the systems to deliver more efficient, and environmentally friendly power at
peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize
for demand response purposes, and 3) provide customers with the most dependable standby power in
the industry. PowerSecure also provides utilities with transmission and distribution
infrastructure construction and maintenance services, and engineering and regulatory consulting
services. The Companys Energy Efficiency business provides customers with energy efficient
lighting technologies that deliver improved quality of light, including its proprietary
EfficientLights LED lighting products for grocery, drug, and convenience stores, its
SecureLiteTM and PowerLiteTM street lights for utilities and municipalities,
and its SuperTubeTM T8 and 2x2 LED overhead lights which are available through its
EnergyLite business unit. Additional information is available at www.powersecure.com.
All forward-looking statements contained in this release are made within the meaning of and
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are all statements other than statements of historical facts, including
but not limited to statements concerning the amount and timing of the revenues associated with the
new products discussed in this press release; the Companys outlook, prospects and expectations for
revenues, net income, and E.P.S. results and growth generally; the anticipated results of the
Companys products, services, and technologies; and all other statements concerning the plans,
intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies of
management, including statements about other future financial and non-financial items, performance
or events and about present and future products, services, technologies and businesses; and
statements of assumptions underlying the foregoing. Forward-looking statements are not guarantees
of future performance or events and are subject to a number of known and unknown risks,
uncertainties and other factors that could cause actual results to differ materially from those
expressed, projected or implied by such forward-looking statements. Important risks, uncertainties
and other factors include, but are not limited to, those risks, uncertainties and other factors
identified from time to time in the Companys most recent Annual Report on Form 10-K, as well as in
subsequent filings with the Securities and Exchange Commission, including reports on Forms 10-Q and
8-K. Accordingly, there can be no assurance that the results expressed, projected or implied by any
forward-looking statements will be achieved, and readers are cautioned not to place undue reliance
on any forward-looking statements. The forward-looking statements in this press release speak only
as of the date hereof and are based on the current plans, goals, objectives, strategies,
intentions, expectations and assumptions of, and the information currently available to,
management. The Company assumes no duty or obligation to update or revise any forward-looking
statements for any reason, whether as the result of changes in expectations, new information,
future events, conditions or circumstances or otherwise.
Contact
Chris Hutter
Chief Financial Officer
PowerSecure International, Inc.
(919) 453-1760
Chris Hutter
Chief Financial Officer
PowerSecure International, Inc.
(919) 453-1760
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