TMCNet:  Revolution Lighting Technologies Acquires Tri-State LED, a Leading Distributor of Seesmart LED Lighting Solutions

[November 18, 2013]

Revolution Lighting Technologies Acquires Tri-State LED, a Leading Distributor of Seesmart LED Lighting Solutions

STAMFORD, Conn. --(Business Wire)--

Revolution (News - Alert) Lighting Technologies, Inc. (NASDAQ:RVLT) ("Revolution Lighting"), a leader in advanced LED lighting technology, today announced it has acquired Tri-State LED in a cash and stock transaction. Terms of the transaction were not disclosed.

Based in Greenwich, CT, Tri-State LED is a leading distributor of Revolution Lighting's Seesmart LED lighting solutions with a significant client base across the Tri-State area that includes municipalities, major school systems, hospitals, convention centers and real estate developers.

"Our strong dealer and distributor network is one of our key differentiators and drivers of growth," said Robert V. LaPenta, Chairman and Chief Executive Officer of Revolution Lighting Technologies. "We are in the unique position of being able to purchase the best performing dealers and distributors in our network and provide them with the resources they need to grow both of our businesses. We will continue to make similar acquisitions that drive revenue growth for Revolution Lighting."

"Led by a high-quality and experienced management team, Tri-State LED is one of our most successful distributors with an impressive, long-term customer base and a rich pipeline of add-on and new LED implementation projects," added Charlie Schafer, President and Chief Financial Officer of Revolution Lighting Technologies. "The Tri-State LED team is intimately familiar with our broad product line and by adding capital resources and a complete administrative support structure, they will be well-positioned for seizing on large scale opportunities that otherwise would not have existed for them."

About Revolution Lighting Technologies Inc.

Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of light emitting diode (LED) lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced technology and aggressive new product development, Revolution Lighting has created an innovative, multi-brand, lighting company that offers a comprehensive advanced product platform. The company goes to market through its Seesmart brand, which designs, engineers and manufactures an extensive line of high-quality interior and exterior LED lamps and fixtures; Lighting Integration Technologies Inc., which sells and installs Seesmart products; Lumificient, which supplies LED illumination for the signage industry; Relume Technologies, a leading manufacturer of outdoor LED products; and Sentinel, a revolutionary patented and licensed monitoring and smart grid control system for outdoor lighting applications. Revolution Lighting Technologies markets and distributes its product through a network of independent sales representatives and distributors, as well as through energy savings companies and national accounts. Revolution Lighting Technologies trades on the NASDAQ under the ticker RVLT. For additional information, please visit: www.rvlti.com.

About Tri-State LED

Tri-State LED Lighting Wholesale's mission is to provide high quality, long lasting, energy efficient, eco friendly LED lighting products, We provide outstanding customer service including a free comprehensive lighting audit and analysis for your business or commercial facility. Tri-State Led Lighting Wholesale provides a thorough education of all aspects of your LED lighting project. Businesses, municipalities and homeowners can all benefit from high efficiency, environmentally friendly, lighting solutions. Our company will provide high efficiency Seesmart LED lights for nearly all lighting applications both retrofit and new construction. LED Tube Lights, LED PAR lights and LED High Bays at low wholesale prices. Pricing for our products provides a return on investment (ROI) superior to our competitors. We provide a 5 year replacement warranty on most our products with a life expectancy of 30,000 - 50,000 hours. Our knowledgeable staff has an unprecedented grasp on most incentive and rebate programs. This comprehensive knowledge assists Tri-State LED Lighting Wholesale in providing our customers with the maximum return on investment (ROI) possible. We have an LED light bulb tube light or LED lighting fixture for nearly every light project imaginable. For more information, please visit: http://www.ledlightingwholesale.com/

Cautionary Statement for Forward-Looking Statements

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties, including the anticipated benefits of the Tri-State LED acquisition and statements relating to the anticipated future growth and profitability of our business. 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's filings under the Securities Exchange Act for additional factors that could cause actual results to differ materially, including our history of losses, the potential for future dilution to our existing common stockholders, our status as a controlled company, the risk that demand for our LED products fails to emerge as anticipated, competition from larger companies, and risks relating to third party suppliers and manufacturers, as well as the other Risk Factors described in Item 1A of our Form 10-K for the fiscal year ended December 31, 2012. Revolution Lighting Technologies, Inc. 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.




 


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