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State-of-the-Art Lighting Solutions Present Growth Opportunities Across Several Industries

MarketNewsUpdates.com News Commentary


News provided by

MarketNewsUpdates.com

10 May, 2017, 12:25 GMT

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PALM BEACH, Florida, May 10, 2017 /PRNewswire/ --

Technology companies in the booming new age lighting solutions market are capitalizing on a number of factors causing an expanding demand for enhanced, state-of-the-art lighting products and smart lighting systems. Companies in the industry with recent developments and news include: AV1 Group, Inc. (OTC: AVOP), Future Farm Technologies Inc. (OTC: FFRMF), Cree, Inc. (NASDAQ: CREE), General Electric Company (NYSE: GE), Vivint Solar, Inc. (NYSE: VSLR).

AV1 Group, Inc. (OTC: AVOP) is pleased to announce that the Company has successfully landed a $50,000 purchase order, for cutting-edge LED fixtures for an outdoor lighting project at a large marina in Long Beach, California. Lisa Landau, Director of Lighting, stated, "This was a very significant bid for us to win. This is a large complex with robust lighting needs in the near future and this has secured our spot as a competitive and viable lighting provider." Read this and more news for AVOP at: http://www.marketnewsupdates.com/news/avop.html

The Company recently announced its first lighting contract with the State of California Department of Corrections for custom lighting solutions. Designed with a state-of-the-art internal camera, the cutting-edge system will serve to illuminate and protect the facility's perimeters. "Because our technology is so cost-effective and versatile, we believe that this is only the first of many contract opportunities, that we have the potential to win," stated Bryen Beglinger, Chief Executive Officer of AV1 Group, Inc.

The Company also recently announced the successful acquisition of X-Fire Smart Systems, provider of LED lighting, Smart Grid Technology, Wireless Controlled Systems, Smart Parking Meters, Charging Stations, Utility Meters and Picocell Technology, in an advantageous equity-based transaction. The global 'Smart Cities' market is expected to increase from about $411 billion in 2014 to $1.1 trillion by 2019, at an annual growth rate of 22.5 percent, according to a 'Smart Cities Market' report by Markets and Markets.

In other industry developments and happenings: 

Future Farm Technologies Inc. (OTCQB: FFRMF) in April announced that it is sold out of its exclusive line of Scorpion LED COB Grow Lights, which recently passed Intertek's ETL certification process. Intertek is one of the world's largest testing, inspection and certification companies and its ETL Mark is a proof of its product compliance to North American safety standards. With the ETL testing complete, Future Farm is now able to implement its planned sales and marketing strategy into the fast growing North American cannabis cultivation market.

Cree, Inc. (NASDAQ: CREE) extends its industry-leading OSQ Series of area and flood LED luminaires, delivering better performance, expanding applications and offering dramatic savings with the new Cree® OSQ High Output (HO) portfolio. The new luminaire more than doubles the top lumen output of the original OSQ Series with up to 65,000 lumens and can replace multiple metal halide (MH) 1000W fixtures. The result is more than 80 percent energy savings using one OSQ-HO luminaire. The new product extends the application range for open area and flood luminaires to projects with high mounting heights, including high mast and large parking lots and has special packages for outdoor automotive frontlines.

Current, powered by General Electric Company (NYSE: GE) announced this week that it has reached two significant milestones as it aims to lead the lighting industry's transformation towards the digital age. Over the past year, the company has expanded its development partner ecosystem to more than 100 companies and its Daintree wireless control networks are now installed across locations spanning 200 million square feet of space in commercial buildings, retail stores and industrial facilities. The installations are saving Current's customers an estimated 240 million kilowatt hours (kWh) annually or enough equivalent energy to power approximately 22,000 U.S. homes for a year. The digital networks also provide a gateway to future operational productivity benefits through the power of the Industrial Internet.

Vivint Solar, Inc. (NYSE: VSLR) reported a quarterly profit on Tuesday compared with a year-ago loss, helped by lower costs. The company reported net income attributable to shareholders of $13.3 million, or 11 cents per share, in the first quarter ended March 31, compared with a loss of $31.2 million, or 29 cents per share, a year earlier. Vivint Solar provides distributed solar energy to residential, commercial, and industrial customers in the United States. It also offers photovoltaic installation devices and software products.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated one thousand nine hundred dollars for news coverage of the current press release issued by AV1 Group, Inc. by the company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.


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