Archive for the ‘SavWatt USA, Inc. SAVW’ Category

SavWatt USA, Inc. (SAVW) Enters Letter of Intent with Town of Bladensburg, MD

Friday, June 3rd, 2011

Shortly after today’s opening bell, SavWatt USA, Inc., pioneers in LED lighting and the Green revolution, announced that The Town of Bladensburg has signed a letter of intent to partner with the company for the implementation and build out of the Town’s Green Street efforts.

According to the press release, this partnership is anticipated to result in the installation of a number of LED lights along the Town’s Green Street as well as possible other locations, significantly enhancing the current lighting in the area while reducing the overall operating cost by about 50%.

Walters L. James, Jr., Mayfor of Bladensburg, stated, “The Town of Bladensburg strongly believes that our community’s futures rests equally upon the fulcrum of the desire for increased economic development and thereby the creation of jobs, along with the responsibility to preserve and protect our local environment. It is with pleasure that we found a partner in SAV-WATT USA, Inc. who exemplifies our values and commitment to both aspects. Although all aspects and/ or projects of this partnership are not fully formalized, we have great hopes and expectations to expand upon and announce further commitments and projects with SAV-WATT USA, Inc. in the near future.”

For a copy of the Letter of Intent, visit the following link: http://savwatt.com/news_list?article_level1_category_id=9

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SavWatt USA, Inc. (SAVW) Merges Business Success with Environmental Passion

Wednesday, June 1st, 2011

In the world of lighting, as in virtually every other industry involving energy consumption, the hottest word is “green”. And the greenest technology in lighting is LED, where a semiconductor diode converts applied voltage to light in a process vastly more energy efficient than traditional incandescent lighting. While incandescent lights spend 80% of their energy producing heat, LED lights spend 80% of their energy producing light.

Quickly becoming an LED market leader is SavWatt USA, Inc., a Maryland based company opening offices around the world. The company has built a reputation for offering the top of the line in LED lighting systems for virtually any lighting application. The company’s success is largely the direct result of a diverse management team that shares a single driving obsession: energy efficient electronics.

• Michael Haug (CEO) – Getting into the commercial lighting business through his extensive work in the insurance and consulting industry, where he founded his own companies, Mr. Haug has a history and passion for helping businesses improve their lighting efficiency. He knows better than most the effect it can have on a company’s bottom line and on the community as a whole. He’s been especially involved in the application of Leadership in Energy & Environmental Design (LEED) standards, an internationally-recognized green building certification system, through which he has helped municipalities, private enterprises, and schools save both money and energy by increasing their awareness of energy efficient lighting.

• Samuel Abecassis (VP Product Development) – One of the founders of SavWatt, Mr. Abecassis has been involved with international business for over 20 years, and has worldwide industrial contacts together with a commitment to energy efficient technologies. He was the owner and CEO of Technology Services, and was also Head of Production for Summit Technologies where he was responsible for $800 million in annual global production. At SavWatt, he is responsible for overall management as well as the development of international distributors.

• Martin Gerber (VP Marketing) – As a SavWatt founder, Mr. Gerber has over 30 years’ experience working with cutting edge electrical and electronic technologies, including a major role in the deployment of CFL lighting, and has extensive experience in the development of associated start-up companies. Conversant with all facets of management, sales, distribution, marketing, operations, and finance, Mr. Gerber also has significant experience importing products from Asia.

• Alex Wenger (VP Engineering) – With a broad background in hardware and software design, including electronic countermeasures controllers, test equipment for missile systems, E-2 Avionics, submarine transmitters, and military field telephone systems, Mr. Wenger learned early the importance of energy efficiency in field military applications. Prior to SavWatt, Mr. Wenger was also VP of Engineering for Bruno-New York Industries, Inc., a military weaponry specialist firm.

• Ken Kovalchik (Sales Director) – Mr. Kovalchik’s interest in energy and lighting comes from his many years of experience in urban planning and construction. He has worked with agencies in New York, Colorado, and Nevada, on large scale residential and commercial developments, and has a commitment to sustainable development, renewable energy, and energy efficiency.

For additional information, visit the company’s website at www.SavWatt.com

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SavWatt USA, Inc. (SAVW) Announces Upcoming Installation of Eco-Pole in Washington, DC Park and at State University Long Island, NY

Wednesday, May 25th, 2011

SavWatt USA, Inc., a company focused on developing innovative, energy-efficient and cost-effective LED lighting solutions, announced this morning that it will be installing an Eco-Pole at Washington, DC Department of Transportation (DOT) managed park and at the State University at Stony Brook in Long Island, New York at the University’s new Energy Building.

SavWatt’s Eco-Pole is a LED street light that uses wind and solar technology for its energy source, negating the need for connection to the electrical grid. Another Eco-Pole will be installed in a Washington, DC Park facility managed by the DOT where security lighting is urgently needed. Because the Eco-Pole does not require underground electrical wires, it can be easily and swiftly installed.

Sam Abecassis, VP of Business Development of SavWatt, commented, “Our Eco-Pole recently attracted worldwide attention while featured at the international LightFair. Wind and solar powers this LED street light. Additionally, the wind turbine’s aesthetics make it unique and at a $10,000 price tag, the Eco-Pole functions as a true eco solution that can be implemented nationwide and beyond.”

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SavWatt USA, Inc. (SAVW) Projects Over $10 Million in Revenues for First Year of Operations; Reports Incredible Success from Recent Exhibition

Tuesday, May 24th, 2011

SavWatt USA, Inc., a leading developer of innovative, energy-efficient and cost-effective LED lighting, announced earlier today that the overwhelming interest in its products at the recent LightFair Exhibition in Philadelphia has resulted in expectations of more than one hundred sign ups of Energy Service Providers and Electrical Supply Distributors by the end of this month.

Partners that sign up with SavWatt will receive a discounted pricing, enabling them to resell SavWatt products. With an annual minimum target of $100,000 in purchases required in order to maintain partnership, SavWatt management currently projects over $10 million in revenues for the first twelve months of operations.

Michael Haug, CEO of SavWatt, stated, “The May 16-19, 2011 International LightFair Show was a very significant debut for SavWatt. We had an overwhelming positive reception and large number of visitors to our booth, especially due to our Eco-Pole exhibit. SavWatt demonstrated that we have what it takes to be a major force in the LED Lighting and Green revolution. We have pre-booked our bigger space for next year’s LightFair 2012 in Las Vegas.”

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SavWatt USA, Inc. (SAVW) is “One to Watch”

Monday, May 23rd, 2011

SavWatt USA, Inc., a developer of innovative, energy-efficient and cost-effective lighting solutions, is quickly becoming a market leader in the LED lighting industry. Offering value-added, application-specific LED lighting systems, the company is significantly minimizing energy costs and the carbon footprint of businesses worldwide.

SavWatt LED lights are engineered and assembled in the USA. Street lights, tubes, spot and floodlights are just a few examples of the company’s extensive portfolio of LED lighting products. Providing outstanding performance, premium light quality, high lumen output, and hours of maintenance-free operation, SavWatt LED lights emit no harmful UV rays and do not contain mercury or fluorocarbons.

The company believes it is everyone’s responsibility to replace conventional light sources with cleaner, brighter, sustainable lighting solutions that require far less energy to operate and help conserve natural resources. By lowering energy consumption by as much as 80%, SavWatt not only makes a favorable impact on the environment, but also helps businesses improve their bottom line.

The LED lighting revolution continues to build momentum, inevitably leading to the full replacement of the traditional incandescent bulb. Leveraging its advanced ECO-WATT technology, SavWatt is spearheading today’s push for LED lighting by offering a comprehensive line of unparalleled, environmentally responsible LED lighting solutions driven by market demand, research and development and total customer service.

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