September 3rd, 2008
SAVANNAH, GA – In it’s ongoing efforts to continue development of the company’s breakthrough ballast technology, PureSpectrum, Inc. (Pink Sheets: PSPM) has begun testing the viability of its innovative ballast design for use with Light Emitting Diode (LED) applications.
PureSpectrum has already engineered and introduced breakthrough ballast technology for fluorescent lighting, and during the past several months the company has transitioned from research and development into implementation and is engaged in licensing discussions with multiple manufacturers. However, PureSpectrum president and CEO Lee Vanatta said that PureSpectrum’s core business will remain technology and now the company has begun adapting its base technology to be compatible with LED lighting systems.
The ultra-efficient solid state lighting products have garnered heavy attention and some market traction during the past two years and are considered by some industry analysts to be the long term future of both commercial and residential lighting. While there are several practical reasons that LED light sources will not gain full consumer acceptance in the near future, Vanatta said that the consensus within the lighting industry believes that solid state lighting will become dominant in the long term. Currently, PureSpectrum is marketing ballast technology to improve the leading commercial lighting product – linear fluorescents – and the anticipated residential lighting market leader – Compact Fluorescent Lamps (CFL).
“Our commitment to our shareholders is that we will continually explore new avenues for revenue generation in the lighting industry utilizing our base science,” said PureSpectrum president and CEO Lee Vanatta. “We have been told repeatedly that our approach to ballast circuitry topology is unique within the industry, and we believe our ballast can also provide performance improvements for LED-based lighting devices. By researching the feasibility of interfacing with LED lighting, we expand the scope of marketable applications for our technology and place PureSpectum squarely in the middle of the lighting conversation for the foreseeable future.”
PureSpectrum’s unprecedented ballast design is separated from commercially available electronic ballasts by its unique circuitry which is constructed to achieve high Power Factor and optimum efficiency without the addition of extra circuits. The cost effective PureSpectrum ballast topology attains ultimate efficiency by maximizing productive energy usage and minimizing components.
LED lamps utilize light emitting diodes to produce light as opposed to electrical filaments in incandescent bulbs or stimulated phosphorous gas in fluorescent bulbs. Solid state lighting creates visible light with reduced heat generation or lost energy dissipation while providing for greater resistance to shock, vibration and wear which significantly increases the expected lifespan of a bulb. Only 15 years ago, LED design advanced to the point where white light could be produced, but earlier this year a company in
Wisconsin was able to light both the interior and exterior of a newly built factory almost exclusively with LED bulbs.
LED lighting has been embraced by the green movement for its energy efficient properties and heavily promoted by national and international media for its novelty and rapid development. However, while LED devices are exponentially more energy efficient than even Compact Fluorescent Lamps (CFL), the exorbitantly high per unit cost is still a major obstacle to overcome for both residential and commercial consumer adoption.
However, according to Vanatta, the LED market has almost unlimited growth potential as progressive technology companies like PureSpectrum work diligently toward improving performance and lowering the price tag for LED products. LED Market leader Cree, Inc. (CREE) earned more than $490 million in revenue in fiscal 2008 and is expected to top $500 million in 2009.
“Implementing PureSpectrum’s ballast technology in fluorescent lighting was the first and most obvious of many applications,” Vanatta said. “We know that within the multilayered consumer electronic market, there are several product categories that would benefit from integrating our ballast circuitry. So while the industry has responded very positively to the results of our engineering work for fluorescent lighting, PureSpectrum will continue to research new potential revenue streams for this technology.”
Please call (912) 961-4980 for more information about PureSpectrum, Inc. or visit www.purespectrumlighting.com to learn more about PureSpectrum’s electronic ballast technology. Please contact Shareholder Development Group at (770) 518-3449 or [email protected] for investment information.
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ABOUT PURESPECTRUM PureSpectrum (Pink Sheets: PSPM) is a publicly traded technology company founded and headquartered in
Savannah, Ga. The company’s values are grounded in an awareness of the increasing urgency to identify more efficient energy solutions. PureSpectrum currently holds the rights to multiple patents and patent applications related to an electronic ballast design which would produce a soft switching environment during power conversion for artificial lighting. PureSpectrum will continue its commitment to researching, developing and refining ideas that will provide the most energy efficient, cost effective methods for powering artificial light. For more information on PureSpectrum, please call (912) 961-4980 or visit www.purespectrumlighting.com.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for PureSpectrum’s products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time by PureSpectrum.