SavWatt Opens Washington DC Office
December 06 2011 - 12:27PM
Marketwired
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the
Green Revolution, announced today that the Company has opened an
office in the Washington DC area to focus on assisting the Federal
Government to achieve its energy sustainability goals. On December
2, President Obama, joined by former President Bill Clinton, union
officials and private sector companies too, announced $4 billion in
combined private and federal funds to be invested in energy
upgrades to commercial buildings over the next two years. View the
Presidents Video here:
http://www.energyboom.com/efficiency/president-obama-announces-4-billion-energy-efficiency-funding
Quoting President Obama's Speech, "Upgrading the energy
efficiency of America's buildings is one of the fastest, easiest,
and cheapest ways to save money, cut down on harmful pollution, and
create good jobs right now. But we can't wait for Congress to act.
So today, I'm directing all federal agencies to make at least $2
billion worth of energy efficiency upgrades over the next two years
-- at no up-front cost to the taxpayer. Coupled with today's
extraordinary private sector commitments of $2 billion, to upgrade
businesses, factories, and military housing, America is taking
another big step towards the competitive, clean energy economy it
will take to win the future."
CEO Ike Sutton commented, "The opening of our new DC office
further solidifies SavWatt's presence. Being even closer to key
decision makers and lobby groups will greatly benefit our cause. In
addition, President Obama's speech for additional funding to make
America's buildings more energy efficient will allow us more
opportunities to prove the SavWatt brand is the light of the
future."
About SavWatt Fast becoming the market
leader in LED lighting, SavWatt focuses on developing innovative,
energy-efficient and cost-effective LED lighting solutions. By
delivering value added, application-specific LED lighting systems,
we can significantly reduce energy costs and minimize our carbon
footprint worldwide. SavWatt is leading the LED lighting revolution
and setting the stage to obsolete the incandescent light bulb.
SavWatt's product families include LED fixtures, bulbs, street
lights, and parking lights. For additional product and company
information, please refer to www.savwatt.com. To hear audio updates
on the company, text SAVW to 46800.
This press release contains forward-looking statements involving
risks and uncertainties, both known and unknown, that may cause
actual results to differ materially from those indicated. Actual
results may differ materially due to a number of factors, including
the risk we may encounter delays or other difficulties in
ramping-up production of our new products; the rapid development of
new technology and competing products that may impair demand or
render SavWatt's products obsolete; and other factors discussed in
SavWatt's filings with the Securities and Exchange Commission,
including its report on Form 10-K for the year ended December 31,
2010, and subsequent filings.
SavWatt, Eco-Pole and LED Beamer are registered trademarks of
SavWatt USA, Inc.
Contact: Investor Relations 1-443-449-2886 Email Contact
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