SATELLITE BEACH, Fla. and NEW DELHI: Lighting Science Group (OTCBB: LSCG) -- a leader in the ultra-efficient LED lighting revolution -- has secured Dixon Technologies as the company's exclusive distributor of its high performance LED bulbs, fixtures and infrastructure products in India's 1.8 billion dollar lighting market. By capitalizing on Dixon's established and extensive network in India, Lighting Science Group will help the subcontinent meet its rapidly growing energy and infrastructure demands.
"Our entry into China earlier in the year and now India is an indication of what's to come for Lighting Science Group as we solidify our worldwide brand presence," said Jim Haworth, chief executive officer of Lighting Science Group. "With rising energy prices around the globe, emerging markets in the East are searching for sustainable solutions that can meet the demands of their exponentially growing population base. Lighting Science Group's LED products not only deliver substantial energy savings over traditional lighting options but also offer unparalleled quality, performance and longevity. Our products are a shining example of the exciting advancements that will shortly characterize the home, commercial and infrastructure landscapes of rapidly developing countries all over the world."
Dixon Technologies' distribution network features 11 branch offices, in addition to over 1300 dealers and 100 distributors, helping to ensure competitive product placement throughout the country.
"In the next twenty years, India will boast over 68 cities with populations exceeding 1 million; by comparison, in all of Europe there presently exists 35 urban centers which have reached that level of resident density," said Mr. Atul Lall, DMD of Dixon Technologies. "Such unprecedented growth will see over a trillion dollars deployed towards generating energy, and a sustained focus by the government to ensure use of energy efficient technologies. We at Dixon are eager to utilize our strength of network covering the whole of India to see to it that Lighting Science Group's energy efficient lighting solutions find their way into every part of the country."
For more information on Lighting Science Group LED products, please visit www.lsgc.com.
About Dixon Technologies
Headquartered in Noida, Dixon is a leading Electronics Manufacturing Services (EMS) provider focused on delivering high quality, Cost Effective Solutions for Consumer electronics, Lighting, Set Top Boxes and home appliances for the Domestic (India) and International markets. With fiscal year 2009-2010 revenues of USD $200 million (Rs.1000 Crores), Dixon provides its customers with world-class electronics products through a network of manufacturing facilities spread across India. Dixon is ISO 9000 &14001 certified.
All the facilities are audited and approved by Multinational Customers, as per their global standards. This ensures that customers are able to optimize their operations by lowering their costs, provide reliable and safe products to their customers and reducing their time to market.
Lighting Science Group
Lighting Science Group Corporation (OTCBB: LSCG) designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group's Advanced Projects Group business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; it has a manufacturing facility in Monterrey, Mexico; the Company's European operations are based in Goes, The Netherlands; and the Company has a sales office in Sydney, Australia. Lighting Science Group employs approximately 600 workers building lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.
Forward Looking Statement. Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements concerning the performance of LSG and its products and the anticipated placement of the company's products throughout India and elsewhere, and/or statements using terminology such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target" and variations of such words and similar expressions. Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by these statements. In evaluating these statements, you should carefully review the risk factors detailed under "Risk Factors" in our most recent filings with the Securities and Exchange Commission that may cause our actual results to differ materially from these forward-looking statements.
SOURCE Lighting Science Group
