Lighting Science Group Announces Formation of Advisory Board
DALLAS, April 30 /PRNewswire-FirstCall/ -- Lighting Science Group Corporation (BULLETIN BOARD: LSGP) (LSG), a leading provider of energy efficient and environmentally responsible lighting solutions, today announced the formation of an Advisory Board of leading industry experts to support the Company's corporate and marketing strategy and to provide industry-related expertise to LSG's management team.
The Advisory Board will be comprised of executives and experts in the lighting and energy industries. The initial members are: Nora Mead Brownell, a former Commissioner of the Federal Energy Regulatory Commission (FERC); Kenneth Honeycutt, who brings over 30 years of lighting industry experience; and Mike Gordon, an energy economist who has created pioneering energy market opportunities for more than 25 years.
Ms. Brownell was appointed to FERC by George W. Bush on April 30, 2001; and now owns BC Consulting, a consulting firm through which she advises companies on how to develop energy strategies. Mr. Honeycutt recently left Acuity Brands Inc., one of the world's leading providers of lighting fixtures and specialty chemical products where he served as EVP and as president and CEO of the Acuity Brands Lighting unit. He subsequently founded K2 Associates, which is a management consulting practice specializing in strategy, performance improvement and executive coaching. Mr. Gordon is the president and founder of ConsumerPowerline, a full-service strategic energy asset management firm. Over his 25-year career, Gordon successfully built several businesses that have spawned industries that collectively have saved energy buyers billions of dollars. His experience ranges from developing heating oil aggregators in the 1980s and 1990s; to pioneering the demand response, natural gas, steam and electricity market buying and selling over the last decade.
Ron Lusk, chairman and chief executive officer of LSG said, "LSG is extremely pleased to announce the formation of the new Advisory Board, and to have generated the support of these distinguished board members. We believe this group will bring additional and valuable resources to the Company, while building the LSG brand and reputation."
Don Harkleroad, president of the Bristol Company and chairman of LSG's Executive Committee, commented, "LSG's LED products are on the verge of gaining tremendous traction in the market. It is time for an outside group of industry luminaries to add their expertise and guidance into the mix to help this company reach its full potential."
Nora Mead Brownell commented, "From my years of experience working with FERC I have grown to understand and appreciate the promise of LED lighting solutions. It is my belief that LED lights are the future for commercial, industrial and eventually residential lighting. As yet, no one company has established a dominant market position, but it is my belief that LSG is poised to do so. As such, I am very happy to have been asked to serve as a member of the new Advisory Board."
Kenneth Honeycutt commented, "I am excited to join Lighting Science Group's Advisory Board. Serving on this board is an excellent opportunity to leverage my decades of experience in the lighting industry and to counsel LSG as it progresses and grows its technology and product segments. I believe the Company has a strong growth proposition for the future, and I look forward to being an integral part of this growth process."
Mike Gordon concluded, "LED lights can significantly and permanently reduce electricity consumption, easing the strain on power grids across the country. LSG is positioned to deliver this technology today. I look forward to a lively exchange of ideas as a member of this board, and will happily make introductions in this space that is so ripe for this kind of innovation, at this moment."
About Lighting Science Group Corporation
Lighting Science Group Corporation (www.lsgc.com) designs and sells highly energy efficient and environmentally friendly lighting solutions based on its proprietary Optimized Digital Lighting(TM) (ODL(R)) technology. The Company's patented and patent-pending designs and manufacturing processes enable affordable, efficient and long lasting LED based lighting systems to be quickly deployed in existing lighting applications and produce immediate cost savings and environmental benefits. Products include low bay fixtures for parking garages and industrial facilities, MR-16, R30, R25, R20, R16 (elevator light), G11, G25, S6, candelabra and flame tip bulbs which can be purchased at store.lsgc.com.
Certain statements in the press release constitute "forward-looking statements" relating to Lighting Science Group Corporation within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding future events, our financial performance and operating results, our business strategy and our financing plans are forward-looking statements. In some cases you can identify forward-looking statements by terminology such as "may," "will," "would," "should," "could," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict, " "potential" or "continue, " the negative of such terms or other comparable terminology. These statements are only predictions. 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. "Lighting Science," "Optimized Digital Lighting" and "ODL" and the LSG concentric ovals are trademarks of Lighting Science Group Corporation.
Company Contact:
Lighting Science Group Corporation
Ron Lusk
Chairman & CEO
Investor Relations / Public Relations Contacts:
KCSA Worldwide
Jeffrey Goldberger / Lewis Goldberg
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Source: Lighting Science Group Corporation
CONTACT: Company - Ron Lusk, Chairman & CEO, Lighting Science Group
Corporation, ; or Investor Relations / Public Relations -
Jeffrey Goldberger, , or Lewis Goldberg,
, , both of KCSA Worldwide
Web site: http://www.lsgc.com/
store.lsgc.com
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