Energy Focus Announces Patent Filing for LED Tube Lighting Technology
SOLON, Ohio, December 3, 2014 — Energy Focus, Inc. (NASDAQ:EFOI), a leader in LED lighting technologies, announced today it has filed both U.S. and international patent applications for an advanced tubular LED lamp product, commercial Intellitube™, to be launched in the first quarter of 2015.
Energy Focus Inc.’s patent pending technology will provide both direct fit and direct wire functions for the retrofit of existing linear fluorescent fixtures. The direct fit function will allow commercial Intellitube to operate with existing fixture ballasts, while the direct wire function will allow Intellitube to operate without a ballast when wired directly to the electrical supply line. Therefore, customers would not need to replace the ballast when it fails, but could simply remove the existing ballast and wire Intellitube to the supply line.
The proprietary, patent-pending circuitry of Intellitube will provide intrinsic safety to the operator as shock hazards from casual contact common to standard re-lamping have been removed. Additionally, the patent-pending technology will allow light output of Intellitube to remain constant when switching from direct fit to direct wire, ensuring the light quality will not change when the ballast fails and is eventually removed.
Energy Focus was the first to develop the dual function technology used in its military Intellitube lamp. By the end of first half of 2015, the company expects military Intellitube will have been deployed in over 10% of the U.S. Navy Fleet.
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. Generally, these statements can be identified by the use of words such as “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from Energy Focus’ forward-looking statements. These risks and uncertainties include, but are not limited to: our ability to utilize our technology to bring the commercial Intellitube™ to market in a timely manner and at an appropriate price point; our strategy with regard to protecting our proprietary technology and any challenges to our proprietary rights; our ability to market and gain customer acceptance of new products; relationships with, dependence upon, and the ability to obtain components from suppliers and our ability to outsource manufacturing; the growth in the markets into which Energy Focus sells; conditions of the lighting industry and the economy in general; our ability to maintain or improve our competitive position; our ability to finance our product development and marketing initiatives based on future operating results, net sales growth, expected operating expenses, gross profit margin improvement, our reliance upon a limited number of customers, our accounting policies and the effect of recent accounting announcements; our liquidity and ability to generate cash and cash reserves; our ability to manage growth in the demand for our products and in our sales efforts; relationships with customers and distributors; trends in the price and performance of light-emitting diode (“LED”) lighting products; and the benefits and performance of our lighting products. 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.
About Energy Focus
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products and a developer of energy efficient lighting technology. Our LED Lighting products provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government continues to enable us to provide energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets. Customers include national, state and local U.S. government agencies as well as Fortune 500 companies and many other commercial and industrial clients. Company headquarters are located in Solon, Ohio. For more information, see our web site at www.energyfocusinc.com.
Source: Energy Focus Inc.