|By Marketwired .||
|February 19, 2014 01:14 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 02/19/14 -- CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE: LED), a developer and manufacturer of LED lighting products, today announced while the industry grapples with conforming to new and more stringent energy star standards which take effect in September 2014, Lumenova has already achieved Energy Star certification throughout most of their portfolio. All Par's, BR's and soon MR16's will be certified to the new standards which increase efficacies, on/off criteria, establish dimming standards and start-up time requirements.
"We are very pleased to be ahead of the industry in this regard," said Travis Jones, President & CEO. "It's also a testament to the superior design of our products, and Scott Riesebosch our Chief Technology Officer is the author of our technological success." Jones also cited the good work performed by CRS employees in China. "Our Zhuhai office in China has done a terrific job coordinating with our lab partners there- Leo Lee, our Manager of Vendor Relations in particular."
"Energy Star certification drives many of the utility rebates available. I applaud them for elevating criteria as it further separates low cost and low quality LED providers from thoughtfully designed products from companies like Lumenova. There is room in the marketplace for all types of LED companies, but raising the bar helps customers differentiate between companies. The marketplace is beginning to understand not all LED manufacturers are alike, and new standards for Energy Star certification will further separate the wheat from the chaff," said Travis Jones.
About CRS Electronics
CRS Electronics Inc. (TSX VENTURE: LED), a Lighting Facts partner, is a leader in the emerging, rapidly-growing market of high efficiency light-emitting-diode ("LED"), or, solid state lighting ("SSL"). The principal activities of CRS Electronics include the development, manufacture and sale, primarily in North America, of indoor lighting products such as LED replacement lamps, exterior LED warning lights for school buses, child safety systems for school buses, LED architectural lighting fixtures, and contract manufacturing of LED circuit boards. As an innovator of LED solutions since 1998, CRS Electronics continues to expand its product portfolio and market presence with business partners and customers, and under its own product brands, which include CRS Electronics and Lumenova.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws which can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other CRS filings, and include availability of sufficient working capital for development and operations, availability of a qualified work force, availability of manufacturing equipment and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other CRS filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, CRS does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.
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