Vu1 Corporation Accelerates Plans for U.S. and EU Introduction of its 'A'-type Electron Stimulated Luminescence(TM) Energy-Efficient Light BulbsBy Vu1, PRNE
Tuesday, December 7, 2010
Anticipated launch in mid-2011; direct replacement for most commonly used light bulb in the world
NEW YORK, December 8, 2010 - Vu1 Corporation (OTC Bulletin Board: VUOC), a developer and manufacturer
of mercury-free, energy-efficient general illumination lighting technology,
today announced it has accelerated the development and launch timetable for
the company's 'A'-type Electron Stimulated Luminescence(TM) (ESL) light
Vu1 anticipates its classic Edisonian 'A'-type, screw-in light bulb will
be launched in European and U.S. markets in mid-2011, ahead of the company's
original rollout plan. Millions of U.S. and European households use the A19
and its European equivalent, the A60; this introduction will position the
company to capitalize on current and pending regulations that will accelerate
the adoption of energy-efficient lighting solutions.
"In recent months since U/L certification for our R30 bulb, Vu1 has had
productive discussions with a number of potential strategic channel partners,
including national electrical retailers and distributors and 'big box' retail
chains," commented Philip Styles, President and Chief Executive Officer.
"During these discussions, we have also received very significant interest in
Vu1's 'A'-type bulbs, which will be a direct replacement for the common
household 40W and 60W light bulbs used in billions of households globally. As
such, Vu1 has made the strategic decision to accelerate its plans for the
introduction of its 'A'-type bulbs to both the U.S. and EU markets."
Even with better energy efficiency characteristics, consumers have been
reluctant to adopt many of the current 'green' lighting alternatives, which
often require a compromise on light quality, bulb shape or functionality.
Vu1's A19 and A60 bulbs will offer a direct replacement for the traditional
household incandescent with no compromises necessary. The company's ESL
lighting technology uses accelerated electrons to stimulate phosphor and
create light, making the surface of the bulb glow, providing natural light
quality, energy efficiency and a long bulb life of 10,000 hours.
About Vu1 Corporation
New York City-based Vu1 Corporation is dedicated to applying its
technology to produce energy efficient, environmentally friendly lighting
solutions worldwide. Vu1 has developed a new, energy efficient light bulb to
provide the consumer market with the first affordable, non-toxic light bulb
with features consumers are demanding and not receiving from existing
products. Learn more about Vu1 at www.Vu1.com. For the latest news,
find Vu1 on Facebook
and follow us on Twitter (twitter.com/vu1_lightbulb).
For product enquiries please contact: Integrated Sales Solutions at
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This press release includes forward-looking statements including,
but not limited to, our ability to obtain the necessary funding required for
our operations, the future demonstration and commercial availability of our
light bulb, independent testing laboratories' certification results, timing
for bulb production, manufacturing capability of our facility, future
interest of channel partners and distributors, our strategic planning and
business development plans, future applications of the technology, the
viability, pricing and acceptance of our products in the market.. These
forward-looking statements are subject to a number of risks and uncertainties
that may cause actual results to differ materially from those described in
the forward-looking statements. The words "may," "would," "will," "expect,"
"estimate," "anticipate," "believe," "intend" and similar expressions and
variations thereof are intended to identify forward-looking statements.
Investors are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, many of
which are beyond the company's ability to control, as well as the risks and
other factors set forth in our periodic filings with the U.S. Securities and
Exchange Commission (including our Form 10-K for the year ended December 31,
2009 and our other periodic reports as filed from time to time).
Investors, Ian Bailey, +1-212-359-9587, or Michael Polyviou, +1-913-789-9978, both of Capital C Partners; or Media, David Hlavac, +1-612-372-6456, or Jessica Snell, +1-612-372-6452, both of Haberman
Tags: December 8, New York, United Kingdom, Vu1