Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
REVOLUTION LIGHTING TECHNOLOGIES LED PRODUCTS SELECTED FOR PREMIER TIMES SQUARE PROPERTY
Revolution Lighting Technologies subsidiary Seesmart, Inc. will provide more than 1,000 energy-efficient lamps for 1.8 million-square-foot commercial property in heart of New York City
The installation of new LED lighting at 1515 Broadway, corporate headquarters for Viacom in New York City, will retrofit lighting to move to LED technology. This will reduce energy consumption within retrofit areas by more than 55 percent at the Times Square property.
Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) subsidiary Seesmart, Inc. has been selected by office landlord SL Green Realty Corp. to retrofit more than 1,100 lamps at the 1.8 million-square-foot property.
"Revolution Lighting is excited to continue its relationship with SL Green Realty by installing our market-leading Seesmart LED products throughout its premier New York City property," said Charles Schafer, President and Chief Financial Officer of Revolution Lighting Technologies, Inc. "Having our LED products installed in the heart of Times Square proves the increased confidence of the maturing LED industry. We're excited to deliver significant cost savings through energy efficiency and lower maintenance costs at the Viacom headquarters."
SL Green will install 1,100 Seesmart LED lamps, replacing antiquated lighting within constantly lit areas, including stairwells and mechanical spaces to reduce retrofit lighting energy consumption by more than 55 percent. In addition to providing great energy efficiency, this technology will last more 50,000 hours, dramatically reducing lamp replacement costs over time.
“SL Green is excited to complete this innovative project at 1515 Broadway. LED lighting will continue to play a key role within our portfolio energy efficiency program, utilizing Revolution Lighting’s Seesmart LED products to drive energy reduction, and yield significant savings,” said Jay Black, Director of Sustainability at SL Green. “Revolution Lighting continues to stay ahead of the market in terms of technology adaptation to offer high quality solutions necessary, through superior efficiency, longevity, warranty, and exceptional customer service.”
In 2012, SL Green installed 17,000 Seesmart LED lamps, one of the nation’s largest retrofit projects, throughout 21 of its properties, saving $850,000 annually and resulting in a payback of only three years. The retrofit of 1515 Broadway marks a significant next step in the integration of LED lighting throughout SL Green's portfolio.
About Revolution Lighting Technologies
Revolution Lighting Technologies, Inc. engages in the design, manufacture, marketing, and sale of light emitting diode (LED) lighting solutions in the United States, Canada, and internationally. The company sells its products under the Seesmart, Lumificient, and Array brand names. Revolution Lighting Technologies, Inc. markets and distributes its product through a network of independent sales representatives and distributors, as well as through energy savings companies and national accounts. For more information about Revolution Lighting Technologies, visit http://www.rvlti.com/.