Revolution Lighting Technologies (NASDAQ: RVLT) today announced its latest high-efficiency LED tube solution. This 10.5 watt LED T8 tube is 15% more efficient than its competitors. Take a building with 25% energy consumption as an example. With this LED tube, the overall energy consumption can be reduced by 68%.
According to the company's disclosure, the lamp is designed for single-ended power supply, using the latest nano-lens technology to ensure 162 lumens per watt of light efficiency, and provides 10 years warranty and 70,000 hours of life, which is Three times the traditional fluorescent tube.
Revolution Lighting Technologies, headquartered in the United States, was founded in 1991 and produces LED lights, LED signs and lighting strips. The company's main sales target is industrial, commercial and government agencies in the United States, Canada and other countries.
RVLT's fiscal year 2015 revenue was $129 million, gross profit was $38.42 million, and net profit was $2.38 million.
In August last year, RVLT announced a $30 million acquisition of Ampere LLC.
RVLT expects the transaction to increase its earnings per share in the second half of the year. Apprise is a total solution provider for LED energy-efficient lighting projects in the commercial, industrial, hospitality and other industries. Its revenue is expected to reach $30 million by 2015, and is expected to include 10 million in cash, 10 million RVLT common stock, and 10 million promissory notes.
In 2012, Topband (Hong Kong) Co., Ltd., a wholly-owned subsidiary of Topband (002139.SZ), invested in Seesmart. In 2013, the company was acquired by RVLT, which is listed on NASDAQ. As of the semi-annual report for 2015, Tuobang holds 0.19% of RVLT shares.
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