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Nualight Expands North American Operations, Targeting Food Retail Industry Demand for LED Lighting Systems That Enhance Displays, Reduce Energy Costs Leader in LED Lighting for Retail Opens HQ Office in North Carolina, Names Supermarket Industry Veteran B

CHARLOTTE, N.C., May 10, 2010 (BUSINESS WIRE) -- Nualight Ltd., a leading manufacturer of light emitting diode (LED) lighting solutions to the global food retail sector, announced the expansion of its operations in North America. This will enable Nualight to accelerate its offering to US & Canadian food retailers, giving them a new choice when they want to upgrade their refrigerated cases with more vibrant and brighter displays.

Bruce Schneider will lead Nualight's US operations, bringing more than 20 years of sales and management experience in the supermarket and food retail industry.

Schneider, who joins Nualight as Vice President Sales for North America, previously worked in various senior commercial & technical roles with Carrier-Tyler Refrigeration and Danfoss. Schneider will be based in the company's new US headquarters office in Charlotte, NC.

Nualight is recognized as a specialist in LED lighting for food retail. The company's LED light fixtures are installed in a growing number of international food and high-end retail chains, including Tesco plc, Switzerland's Migros and Co-op chains and Rewe in Germany. Nualight also supplies under private label contracts to leading North American companies such as Kysor// Warren.

"There has never been a better opportunity to step up operations in the US, as retailers look to upgrade to LED lighting," said Schneider. "Here in the US, we will build on the leadership position the company has established in Europe, and deliver to US retailers the same level of innovation, flexibility and customer support that the food retail industry abroad has come to expect from Nualight. I was particularly impressed to discover that Nualight has already the largest installed base of horizontal LED fixtures in North America and this expansion of US operations addresses the growing market opportunities." Increasingly, retailers in the US are looking to replace existing lighting technologies with LED fixtures, allowing them to achieve energy savings of up to 60 percent, both from lighting and refrigeration energy. LED technology also reduces maintenance costs, due to the longer lifetime, and improved product placement by creating brighter, more vibrant displays through better focus and coloring. Nualight's LED fixtures have already been selected by over 20 food retailers and multiple case manufacturers in North America.

"Nualight is focused on delivering LED lighting products that meet the specific needs of food retailers in the US who have seen LED lighting emerge as the de facto standard in all new and refurbished display cases," said Dr. Liam Kelly, CEO of Nualight. "The food retail community is seeing consumers respond to brighter more vibrant displays, and the adoption of LED lighting allows retailers to address this and improve their bottom line quickly with LED lighting." Retail stores are among the highest commercial users of energy and are under pressure from environmental legislation and cost considerations, to reduce carbon footprint. Last month, London-based Climate Change Capital Private Equity ("CPE"), a well respected global fund dedicated to investments in clean technology companies, led a $15 million funding round for Nualight.

About Nualight: Nualight is the only company in the world that focuses exclusively on illuminating refrigerated displays for global food retail. Its Vantium product series is revolutionizing food retail, reducing energy consumption in refrigerated displays by more than 60% and driving sales with better, brighter merchandising. Through pioneering technology and a deep understanding of how lighting translates into retail gain, Nualight is now the partner of choice for leading food retailers throughout the world.

For more information on Nualight and its award winning Vantium lighting products, please visit www.nualight.ie.

SOURCE: Nualight CONTACT: Topaz Partners Wendie Larkin, +1-781-404-2411 wlarkin@topazpartners.com Copyright Business Wire 2010 -0- KEYWORD: United States

North America

North Carolina INDUSTRY KEYWORD: Manufacturing

Engineering

Retail

Food/Beverage SUBJECT CODE: Product/Service