Energy Focus, Inc. (NASDAQ:EFOI), a leader in LED lighting
technologies, has been awarded US Patent 10,236,716 for the RedCap®
lamp (“RedCap®”), Energy Focus’ breakthrough emergency battery
backup LED tube technology.
The patent for the RedCap®, which is UL-approved and
DLC-certified, describes Energy Focus’ proprietary concept and
design of an integrated, general purpose LED lamp and emergency
backup battery. One side of the lamp is connected to switchable AC
mains to power the lamp for normal illumination, while the opposite
end of the LED lamp is connected to an emergency mains circuit. In
a power outage, a microprocessor in the lamp immediately detects
the power loss and initiates the battery power for emergency egress
illumination. The RedCap® therefore functions as a normal,
efficient LED lamp when building power is on, and becomes and stays
lit during power outage as the battery inside automatically powers
the lamp.
“We’re extremely proud of our cross-functional teams that
ideated and developed such an impactful and disruptive product as
the RedCap® from scratch, based on our deep understanding of
customer pain points,” said James Tu, Chairman, CEO, and President
of Energy Focus. “By eliminating the need for the installation of a
separate, external emergency backup battery, RedCap® significantly
reduces overall retrofit project cost and time and in the meantime
enhances the sustainability profile of the buildings due to less
materials required. We’re pleased that the US Patent office has
also recognized the breakthrough achievement for the technology of
RedCap®, which represents a triumph of innovation by combining
technical ingenuity and customer problem-solving.”
“Shrinking the size of the emergency battery pack to the point
where it became possible to incorporate it inside a long life LED
tube - while still meeting or exceeding emergency lighting
requirements - was the problem our technical team solved,” said
John Davenport, Chief Scientist at Energy Focus. “The solution, as
outlined in the patent, involves both a unique circuit and program
that dynamically monitors and controls the operation of our highly
efficient LEDs along with the charge and discharge of the
batteries.”
“According to various industry and company estimates, there are
approximately 1.8 billion fluorescent sockets in the U.S. to be
retrofitted to LED in the non-residential market, which would
require one emergency backup battery for, on average, every ten to
twenty fluorescent lamps for commercial and public buildings to
comply with the emergency lighting codes,” said Mr. Tu. “We believe
that the emergency backup battery market that RedCap® uniquely
addresses is in the billions of dollars in the U.S. alone and
several times of that globally. With our renewed customer-centric
mission and distribution strategy, we believe that RedCap®, now
patent protected, will not only establish a more financially and
environmentally sound LED retrofit mechanism for the lighting
industry, but also propel our growth ahead.”
Visit Energy Focus at LIGHTFAIR International from May
21st-23rd, 2019 at booth #3231 to see the RedCap® Emergency
Lighting System or visit our website at
https://www.energyfocus.com/product/redcaptm-emergency-battery-backup/.
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 and include statements regarding our current
expectations concerning, among other things, our results of
operations, financial condition, liquidity, prospects, growth,
strategies, capital expenditures and the industry in which we
operate. By their nature, forward-looking statements involve risks
and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. Although we
base these forward-looking statements on assumptions that we
believe are reasonable when made, we caution you that
forward-looking statements are not guarantees of future performance
and that our actual results of operations, financial condition and
liquidity, and industry developments may differ materially from
statements made in or suggested by the forward-looking statements
contained in this release. We believe that important factors that
could cause our actual results to differ materially from
forward-looking statements include, but are not limited to: (i) our
need for additional financing in the near term to continue our
operations; (ii) our ability to continue as a going concern for a
reasonable period of time; (iii) our ability to implement plans to
increase sales and control expenses; (iv) transitions in the
Company’s leadership, (v) our reliance on a limited number of
customers for a significant portion of our revenue, and our ability
to maintain or grow such sales levels; (vi) our ability to increase
demand in our targeted markets and to manage sales cycles that are
difficult to predict and may span several quarters; (vii) the
timing of large customer orders, significant expenses and
fluctuations between demand and capacity as we invest in growth
opportunities; (viii) our ability to compete effectively against
companies with lower cost structures or greater resources, or more
rapid development efforts, and new competitors in our target
markets; our ability to successfully scale our network of sales
representatives, agents, and distributors to match the sales reach
of larger, established competitors; (ix) market acceptance of LED
lighting technology; (x) our ability to attract and retain
qualified personnel, and to do so in a timely manner; (xi) the
impact of any type of legal inquiry, claim, or dispute; (xii)
general economic conditions in the United States and in other
markets in which we operate or secure products; (xiii) our
dependence on military maritime customers and on the levels of
government funding available to such customers, as well as the
funding resources of our other customers in the public sector and
commercial markets; (xiv) our reliance on a limited number of
third-party suppliers, our ability to obtain critical components
and finished products from such suppliers on acceptable terms, and
the impact of our fluctuating demand on the stability of such
suppliers; our ability to timely and efficiently transport products
from our third-party suppliers to our facility by ocean marine
channels; (xv) our ability to respond to new lighting technologies
and market trends, and fulfill our warranty obligations with safe
and reliable products; (xvi) any delays we may encounter in making
new products available or fulfilling customer specifications;
(xvii) any flaws or defects in our products or in the manner in
which they are used or installed; (xviii) our ability to protect
our intellectual property rights and other confidential
information, and manage infringement claims by others; (xix) our
compliance with government contracting laws and regulations,
through both direct and indirect sale channels, as well as other
laws, such as those relating to the environment and health and
safety; (xx) risks inherent in international markets, such as
economic and political uncertainty, changing regulatory and tax
requirements and currency fluctuations, including tariffs and other
potential barriers to international trade; and (xxi) our ability to
maintain effective internal controls and otherwise comply with our
obligations as a public company and under Nasdaq listing
standards.
About Energy Focus
Energy Focus is an industry-leading innovator of
energy-efficient LED lighting technologies. As the pioneer of
direct-wire LED tubes and creator of the first UL-verified low
flicker LED products, Energy Focus products provide extensive
energy and maintenance savings, and aesthetics, safety, health, and
sustainability benefits over conventional lighting. Since 2007, the
accumulated failure rate of our LED products has been well less
than 0.1%, meaning over 99.9% of the millions of products we sold
are still working today. Our customers include U.S. and foreign
navies, U.S. federal, state and local governments, healthcare and
educational institutions, as well as Fortune 500 companies. Energy
Focus is headquartered in Solon, Ohio. For more information, visit
our website at www.energyfocus.com
Media Contact:
Ashley Tolfo
Energy Focus, Inc.
(800) 327-7877
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