The acquisition of these assets from Twin Creeks, coupled with our operational expertise and proven ability to commercialize innovative technology will allow us to develop a new line of products that can deliver advancements in performance and value in the core markets we serve today as well as new markets that we have identified. We are particularly excited about the potential applications in the cover and touch screen markets,” said Tom Gutierrez, president and chief executive officer of GT. “This continues LED linear high bay light strategic diversification into new and promising markets with technology that delivers superior value to customers over existing products currently available.
The new contracts include retrofits to upgrade the lighting of an international Fortune 500 company, seven school systems, a large hospital complex in Kentucky, several locations at a large non-profit provider of senior living communities and the public buildings for a city in the Southeast. E
Energy Focus' SRC business has completed the audit of the facilities, inventoried their lighting systems, created an approved energy savings design for these contracts and is now procuring the materials and overseeing the lighting installations.
Joseph Kaveski, Chief Executive Officer, commented, "I'm delighted to report the award of these new projects. The results demonstrate the effectiveness of our new leadership and SRC's intensified selling efforts. The LED high bay light team's focus on expanding our customer base, extending our geography and increasing customer value through EFOI's energy efficient LED lighting products is laying the foundation for further growth in 2013.
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