AGI Partners With Lighting Science Group to Jointly Develop In-Store Fixtures and Displays
DALLAS, Feb. 26 /PRNewswire-FirstCall/ -- AGI In-Store (AGI), a leading designer and producer of point of purchase displays for a broad range of industry leaders, and Lighting Science Group Corporation (BULLETIN BOARD: LSGP) (LSG), a leading provider of energy efficient and environmentally responsible lighting solutions, have partnered to jointly develop Light Emitting Diode (LED) fixtures for AGI's in-store display units.
As part of this agreement, LSG will provide AGI with LED lighting fixtures that will be incorporated in AGI's fixture design and development process. These fixtures will provide AGI with cost savings and extend display life by employing LSG's efficient and low-heat lighting solutions. LSG's engineering staff will work with AGI's team of experienced designers and engineers to ensure the seamless incorporation of these lighting fixtures into powerful in-store display solutions.
Ron Lusk, chairman and chief executive officer of Lighting Science, noted, "We are very pleased to be partnering with AGI in what we believe will be a long and mutually beneficial relationship. AGI is committed to providing its customers with high quality, intuitive display environments that are both efficient and user friendly."
Lusk continued, "Because AGI conducts business with many of the major retail outlets, such as Wal-Mart, Target and Origins, they bring to this relationship tremendous insight and access to a valuable customer base. We are confident that our reliable, durable and cost effective LED fixtures will be highly complementary to their current and future product offerings."
Steve Dopp, President of AGI also commented, "AGI is constantly seeking solutions to improve the customer experience. We view in-store fixtures as an extension of the sales process and therefore design these units to gain attention, improve the buying experience and ultimately influence purchasing decisions. In addition, the nature of our business is such that the technology that we use should not damage or alter the appearance of the items being displayed. It is therefore paramount that we minimize any potential damage that may result from heat exposure, as our retail fixtures and displays are often maintained for a long period of time. Because LSG's LED lights provide a high quality output of light that lasts 300-500 percent longer than other lighting technologies, while using significantly less energy, the formation of this partnership is a logical step forward."
LSG is the first company to market a high-output, dimmable, Edison-base white-LED light bulb. The company currently has 25 patents and patents pending in the LED lighting space and a product portfolio comprised of 30 different SKU's. Lasting up to 50 times longer than incandescent light bulbs, LED bulbs typically pay for themselves in less than two years and do not contain hazardous materials such as mercury, commonly found in fluorescent and compact fluorescent products.
About Lighting Science Group Corporation
Lighting Science Group Corporation (http://www.lsgc.com/) designs and sells highly energy efficient and environmentally friendly lighting solutions based on its proprietary Optimized Digital Lighting(R) (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 lowbay 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 http://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 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," "ODL" and the ODL light beam logo are registered in the U.S. Patent and Trademark Office. The LSG concentric ovals logo is a trademark of Lighting Science Group Corporation. Readers should carefully review the risk factors described above and in other documents filed by the Company with the SEC. Readers are specifically directed to the discussion under "Risk Factors" in the Company's Registration Statements on Form SB-2.
Lighting Science Group Corporation
Ron Lusk
Chairman & CEO
Source: Lighting Science Group Corporation
CONTACT: Investors, Jeffrey Goldberger, , , or Danielle DeVoren, public relations, , , both of KCSA Worldwide, for Lighting Science Group
Corporation
Web site: http://www.lsgc.com/
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