CHARLOTTE, N.C., Nov. 14, 2012 /PRNewswire/ -- Nexxus Lighting, Inc. (NASDAQ Capital Market: NEXS) today announced that the Company has changed its name to Revolution Lighting Technologies, Inc. Effective Thursday, November 15, 2012, the Company's new stock symbol will be NASDAQ Capital Market: RVLT.
"There is a revolution taking place in the lighting industry and our new name reflects our vision to provide cutting edge products, service and distribution to strongly position the Company as a major force in serving the needs of this very large and growing market," commented Robert V. LaPenta, Founder of Aston Capital and Board Chairman of Revolution Lighting Technologies. "We are entering an era of unprecedented change in the way we light our homes and businesses. New energy efficient LED lighting systems and control technologies are transforming the lighting industry. By 2020, 70% of the lighting market is forecasted to be products with LEDs as their light source with a worldwide market approaching $85 billion. Our goal for Revolution Lighting Technologies is to be a leader in that movement and offer complete and comprehensive lighting solutions to meet this growing demand," remarks LaPenta.
Mr. LaPenta added, "The name change to Revolution Lighting Technologies, Inc. reflects our view of the dynamic changes impacting the lighting industry and our commitment to establish our company as a leader in high performance LED lighting solutions focusing on the industrial, commercial and government markets."
For more information, please visit the new Revolution Lighting Technologies, Inc. web site at www.rvlti.com
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Reference is made to Revolution Lighting Technologies' filings under the Securities Exchange Act for factors that could cause actual results to differ materially. Revolution Lighting Technologies undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.
SOURCE Nexxus Lighting, Inc.