Lighting Science Group Selects Major Lighting Distributor in Turkey-Orizzonte Group
Partnership Part of Company's Global Strategic Sales Initiative
SATELLITE BEACH, Fla., Jan. 19, 2011 /PRNewswire/ -- Lighting Science Group Corporation (OTC Bulletin Board: LSCG), a leading American maker of LED-based lighting, has partnered with lighting distributor Orizzonte Group, a significant player in Turkey's infrastructural and construction lighting markets, as part of its effort to replicate the Company's U.S. domestic sales success overseas. Lighting Science Group chose the Orizzonte Group as an exclusive distributor because of their existing local sales and distribution capabilities, strong government and corporate connections, and working capital to grow the LED lighting market in Turkey.
"We've seen significant growth in our North American sales operation and have embarked on a dedicated effort to replicate that success on a global-scale," said Rich Weinberg, chairman and chief executive officer of Lighting Science Group. "We believe that the Orizzonte Group is well positioned in Turkey to bring our ultra-efficient, high-performance, long-lasting and affordable LED products to market. This exclusive distributor partnership is what we anticipate will be the first in a series of international distribution deals designed to expand the Lighting Science Groups brand presence around the world."
"We partnered with Lighting Science Group based on the performance, efficiency, quality, and integrity of the Company's product line," said Fatih Guner, chief executive officer of Orizzonte Group. "Most importantly, we view Lighting Science Group as the leading innovator in this emerging field of technology and want to be first in Turkey to bring these high-performance products to the country's infrastructure, retail, hospitality, new construction, and custom lighting markets."
For years, high-output and low-cost LED lighting products have been just out of reach, but Lighting Science Group has revolutionized the science of light in America to produce lighting products that deliver on the promise of LED technology. From the International Space Station to the Times Square Ball to other projects in major cities across the world and now in homes, the Company's LED solutions are increasing energy independence and saving consumers, businesses and governments significant amounts of money. Lighting Science Group LED solutions are offered through lighting distributors worldwide and directly by the company. To find your nearest sales location, go to: www.lsgc.com.
About Orizzonte Group
Orizzonte Group is a diverse portfolio of companies covering a wide range of disciplines, from architects, engineers, scientists, economists to management consultants. Orizzonte is involved in several business segments, including Construction and Program Management, Aviation, Hazardous Materials, Environmental Management Services and Engineering, Traffic Engineering, Transit, Transportation Planning, Waterfront and Marine, Utility Services, Technology, Water Resources and Irrigation, Railroad Services, Highway and Bridges, Project Finance Advisory Services and Energy. The multicultural staff of Orizzonte works from a headquarters in New York and has offices in Washington, DC, Istanbul, Turkey, Baghdad and Erbil, Iraq. The Company's services are comprehensive and include full project and program delivery within demanding budgets and time constraints.
About Lighting Science
Lighting Science Group Corporation (OTC Bulletin Board: LSCG) designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group Design Works business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; the Company's European operations are based in Goes, The Netherlands; and, the Company has a sales office in Sydney, Australia. Lighting Science Group has over 450 workers in its Satellite Beach, Florida manufacturing facility that build lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.
Forward Looking Statements Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements include, but are not limited to statements regarding the performance of LSG and the performance of LSG's products using terminology such as "will," "should," "would," "could," "expect," "intend," "plan," "anticipate," or "believe." Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements. Readers should carefully review the risk factors detailed under "Risk Factors" in our most recent Form 10-K and subsequent Form 10-Qs on file with the Securities and Exchange Commission.
SOURCE Lighting Science Group Corporation
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