ForceField Energy Inc. FNRG ("ForceField" or the "Company"), a designer, seller and distributor of energy products and solutions, today announced that ForceField's American Lighting subsidiary ("ALD") has received a number of newly signed contracts aggregating approximately $500,000 for various LED lighting projects. The projects will be completed in 2014 and will include the latest in new LED technology for commercial buildings.
The projects include interior and exterior lighting applications at a variety of different customer locations throughout California. Many of the projects also include the latest in new sensor controls to ensure optimized energy savings for each customer. The fully committed contracts include LED projects for the following customers:
MOR Furniture – Warehouse Lighting Project
Olsen Steel – Exterior Lot Lighting Project
Michael Steed Cadillac – Auto Dealership Lot Lighting
Doubletree Hotel – Comprehensive Lighting Upgrade
Nielsen & Associates – Office Lighting
Wyndham Vacation Resort – Parking Garage Lighting Upgrade
Jacobson Dow – Warehouse Lighting
Vista Detention Facility – Exterior Lighting
The Landing – Parking Garage Lighting
Richard ST Julien, ForceField's Executive Chairman and President of LED Operations, said, "LED project bid activity remains strong across our business with continued momentum in our ALD subsidiary. The additional $500,000 in new contract awards for ALD builds upon the significant recent contract wins with the San Diego Community College District for $1 million and ForceField's $1.35 million contract for Grupo Merza both in September. By ensuring we have the most advanced LED lighting products and solutions and by maintaining the highest quality service levels, we continue to see strong demand from a highly diverse customer base across multiple project types. As we continue expand our reach within our core markets and expand our marketing activities in new regions, we are confident we will see a further acceleration in our business activity in 2015."
Neil Miller, American Lighting's Chief Executive Officer, stated, "Since becoming a subsidiary of ForceField earlier this year, we have seen expanded opportunities for growth as evidenced by the continued project wins and increased bid activity. Our success in driving LED revenue growth year-to-date is a direct result of the expanded product and service capabilities, improved sales and marketing efforts, and increased internal resources afforded us by being part of ForceField Energy. Based on current bid activity, we are confident we will continue to build momentum and drive additional revenue growth for the remainder of 2014 and in 2015."
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in