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Lighting Science Group Announces Formation of Advisory Board
DALLAS, April 30 /PRNewswire-FirstCall/
-- Lighting Science Group Corporation (BULLETIN BOARD: LSGP) (LSG),
a leading provider of energy efficient and environmentally
responsible lighting solutions, today announced the formation
of an Advisory Board of leading industry experts to support
the Company's corporate and marketing strategy and to provide
industry-related expertise to LSG's management team.
The Advisory Board will be
comprised of executives and experts in the lighting and energy
industries. The initial members are: Nora Mead Brownell, a
former Commissioner of the Federal Energy Regulatory
Commission (FERC); Kenneth Honeycutt, who brings over 30 years
of lighting industry experience; and Mike Gordon, an energy
economist who has created pioneering energy market
opportunities for more than 25 years.
Ms. Brownell was appointed to
FERC by George W. Bush on April 30, 2001; and now owns BC
Consulting, a consulting firm through which she advises
companies on how to develop energy strategies. Mr. Honeycutt
recently left Acuity Brands Inc., one of the world's leading
providers of lighting fixtures and specialty chemical products
where he served as EVP and as president and CEO of the Acuity
Brands Lighting unit. He subsequently founded K2 Associates,
which is a management consulting practice specializing in
strategy, performance improvement and executive coaching. Mr.
Gordon is the president and founder of ConsumerPowerline, a
full-service strategic energy asset management firm. Over his
25-year career, Gordon successfully built several businesses
that have spawned industries that collectively have saved
energy buyers billions of dollars. His experience ranges from
developing heating oil aggregators in the 1980s and 1990s; to
pioneering the demand response, natural gas, steam and
electricity market buying and selling over the last decade.
Ron Lusk, chairman and chief
executive officer of LSG said, "LSG is extremely pleased to
announce the formation of the new Advisory Board, and to have
generated the support of these distinguished board members. We
believe this group will bring additional and valuable
resources to the Company, while building the LSG brand and
reputation."
Don Harkleroad, president of
the Bristol Company and chairman of LSG's Executive Committee,
commented, "LSG's LED products are on the verge of gaining
tremendous traction in the market. It is time for an outside
group of industry luminaries to add their expertise and
guidance into the mix to help this company reach its full
potential."
Nora Mead Brownell commented,
"From my years of experience working with FERC I have grown to
understand and appreciate the promise of LED lighting
solutions. It is my belief that LED lights are the future for
commercial, industrial and eventually residential lighting. As
yet, no one company has established a dominant market
position, but it is my belief that LSG is poised to do so. As
such, I am very happy to have been asked to serve as a member
of the new Advisory Board."
Kenneth Honeycutt commented,
"I am excited to join Lighting Science Group's Advisory Board.
Serving on this board is an excellent opportunity to leverage
my decades of experience in the lighting industry and to
counsel LSG as it progresses and grows its technology and
product segments. I believe the Company has a strong growth
proposition for the future, and I look forward to being an
integral part of this growth process."
Mike Gordon concluded, "LED
lights can significantly and permanently reduce electricity
consumption, easing the strain on power grids across the
country. LSG is positioned to deliver this technology today. I
look forward to a lively exchange of ideas as a member of this
board, and will happily make introductions in this space that
is so ripe for this kind of innovation, at this moment."
About Lighting Science Group
Corporation
Lighting Science Group
Corporation (www.lsgc.com) designs and sells highly energy
efficient and environmentally friendly lighting solutions
based on its proprietary Optimized Digital Lighting(TM) (ODL(R))
technology. The Company's patented and patent-pending designs
and manufacturing processes enable affordable, efficient and
long lasting LED based lighting systems to be quickly deployed
in existing lighting applications and produce immediate cost
savings and environmental benefits. Products include low bay
fixtures for parking garages and industrial facilities, MR-16,
R30, R25, R20, R16 (elevator light), G11, G25, S6, candelabra
and flame tip bulbs which can be purchased at store.lsgc.com.
Certain statements in the
press release constitute "forward-looking statements" relating
to Lighting Science Group Corporation within the meaning of
the Private Securities Litigation Reform Act of 1995. All
statements regarding future events, our financial performance
and operating results, our business strategy and our financing
plans are forward-looking statements. In some cases you can
identify forward-looking statements by terminology such as
"may," "will," "would," "should," "could," "expect," "intend,"
"plan," "anticipate," "believe," "estimate," "predict, "
"potential" or "continue, " the negative of such terms or
other comparable terminology. These statements are only
predictions. Known and unknown risks, uncertainties and other
factors could cause actual results to differ materially from
those contemplated by the statements. In evaluating these
statements, you should specifically consider various factors
that may cause our actual results to differ materially from
any forward-looking statements. "Lighting Science," "Optimized
Digital Lighting" and "ODL" and the LSG concentric ovals are
trademarks of Lighting Science Group Corporation.
Company Contact:
Lighting Science Group Corporation
Ron Lusk
Chairman & CEO
214-382-3630
Investor Relations / Public Relations Contacts:
KCSA Worldwide
Jeffrey Goldberger / Lewis Goldberg
212.896.1249 / 212.896.1216
jgoldberger@kcsa.com / lgoldberg@kcsa.com
Source: Lighting Science Group
Corporation
CONTACT: Company - Ron Lusk,
Chairman & CEO, Lighting Science Group
Corporation, +1-214-382-3630; or Investor Relations / Public
Relations -
Jeffrey Goldberger, +1-212-896-1249,
jgoldberger@kcsa.com or Lewis Goldberg,
+1-212-896-1216,
lgoldberg@kcsa.com, both of KCSA Worldwide
Web site:
http://www.lsgc.com/
store.lsgc.com
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