Award of tax credit
15 January 2010 - 6:00PM
UK Regulatory
TIDMNTY
RNS Number : 6024F
Network Technology PLC
15 January 2010
15 January 2010
Network Technology Plc
Ringdale, Inc. Awarded $450,000 Tax Credit for Commercial LED Lighting
Technology Production Expansion
Network Technology PLC ("NT") announces today that its wholly-owned US
subsidiary, Ringdale, Inc., , has been awarded a $450,000 tax credit from the
Obama Administration to expand its production capacity of commercial LED
lighting and advanced control technology.
The tax credit is part of the Obama Administration's Recovery Act Advanced
Energy Manufacturing Tax Credits for clean energy manufacturing projects across
the United States.
Ringdale, Inc. is developing a full product line of commercial LED Lighting
fixtures with advanced control mechanisms that will provide significant energy
savings.
For Further Information:
Lulu Bridges
Tavistock Communications
Tel: 020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
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