BERKELEY, Calif., July 31, 2015 /PRNewswire/ -- Vu1
Corporation today announced that the board of directors has
initiated a process to explore strategic alternatives, including
but not limited to a possible sale of the Company, a strategic
partnership, a technology licensing agreement, or an additional
raise of equity capital.
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The Company's focus will be to find the best alternative
enabling it to continue to develop, produce and market its unique
Electron Stimulated Luminescence (ESL) technology in order to
maximize the value of the business and intellectual property.
The Company said there can be no assurance that any transaction
will occur, or, if one is undertaken, its terms or timing. The
Company stated that it does not have a defined timeline for the
strategic review process and does not expect to update its progress
or disclose developments with respect to the assessment of
strategic alternatives unless the Board of Directors has approved a
definitive transaction on terms that the board of directors
believes will be in the best interests of the shareholders of
Vu1.
About Vu1 Corporation
Vu1 Corporation is dedicated to applying its unique in market
patented Electron Stimulated Luminescence (ESL) technology to
produce energy efficient, environmentally friendly lighting
solutions. Vu1 has developed a new energy efficient light bulb to
provide the consumer market with an affordable, non-toxic light
bulb with features consumers are demanding and not receiving from
existing energy efficient lighting products.
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 strategic and business
development plans and our ability to obtain future funding. 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, 2014 and our other periodic reports
as filed from time to time).
Contact Information:
Vu1 Corporation
1001 Camelia St.
Berkeley, CA 94710
Tel: 855-881-2852
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SOURCE Vu1 Corporation