SOLON, Ohio, Aug. 22, 2013 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (OTCQB:EFOI) a leader in LED lighting technologies, today announced that Energy Focus has been offered, accepted and is now under contract to develop the All Platform Affordable LED ("APALED") Lighting project for the National Shipbuilding Research Program ("NSRP"), representing over $50 million opportunity for the Company in addition to the retrofit opportunities for existing ships, over the next 10 years.
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The APALED program, targeted specifically at new Navy ships, is to develop, build and test an all-platform light-emitting diode (APALED) lighting system, with the goal of creating a "New Best" solution for replacement of the Navy's 1, 2 and 3 bulb fluorescent fixtures. The fixtures, utilizing Energy Focus M1 IntelliTube® LED lamps are expected to be used for general lighting in the 142 new vessels the Navy plans to build over the next ten years. To read more about the M1 IntelliTube lamp and other Energy Focus Military lighting solutions visit the new corporate website here: http://www.energyfocusinc.com/led-lighting-products/military-lighting/.
The entire breadth of shipbuilder's lighting needs are best served by the Solid State Lighting (SSL) upgrade generated in this project. This solution becomes the only way to achieve instant cost avoidance and still upgrade to SSL lighting while being compatible with the existing Navy SSL solution which utilizes Energy Focus' M1 IntelliTube as a retrofit lamp. APALED utilizes Energy Focus' M1 IntelliTube lamp, building a new fixture set around it which provides additional benefits to the shipbuilder including reduced cost, complexity, wiring, size, and weight.
"This program is incredibly encouraging and beneficial to both the Navy as well as Energy Focus, Inc.," said Energy Focus President, Eric Hilliard. "Over its expected design life the APALED fixture is expected to save the Navy more than $100 million dollars. It's also important to Energy Focus because it further solidifies Energy Focus as the only authorized provider for new LED installations as well as retrofits with its M1 IntelliTube products. Last but not least, as part of our strategy to penetrate and lead the government maritime lighting market, this contract brings us another $50 million sales opportunity in addition to the $300 million LED retrofit opportunities for existing Navy ships," concluded Mr. Hilliard.
About the NSRP
The National Shipbuilding Research Program goals and objectives are to manage and focus research and development funding on technologies that will reduce the cost of building and maintaining ships to the U.S. Navy and other National Security customers and improve U.S. shipbuilding technical and business practices and processes. NSRP ASE is structured as a collaboration of major U.S. shipyards focused on industry-wide implementation of solutions to common cost drivers. The program targets solutions to consensus priority issues that exhibit a compelling business case to improve the efficiency of the U.S. shipbuilding and ship repair Industry.
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology. Our solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government includes numerous research and development projects for the DOE and DARPA, creating energy efficient LED lighting systems for the U.S. Navy fleet.
Customers include national, state and local U.S. government agencies as well as Fortune 500 companies, the U.S. Navy, swimming pool builders and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, Pleasanton, CA, and the United Kingdom. For more information, see our new web site at www.energyfocusinc.com.
Forward Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For more information about potential factors that could affect the financial results of Energy Focus, please refer to the Company's SEC reports, including its Annual Reports on Form 10-K and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Energy Focus disclaims any intention or obligation to update or revise any forward-looking statements.
The photo is also available via AP PhotoExpress.
Source:Energy Focus, Inc.