Vu1 Adds U.S.-Based R&D Team To Lead Production Of Its Forthcoming ESL Bulbs
Team will work stateside and in China to ensure efficient manufacture of R30 replacement
NEW YORK--(BUSINESS WIRE)-- Vu1 Corporation (OTCBB: VUOC) has assembled a U.S.-based research, development and project management team to oversee the manufacture and ongoing development of the company's much anticipated Electron Stimulated Luminescence (ESL) light bulbs.
The new team will soon travel to the Huayi manufacturing facility in China to determine a near-term delivery date for shipment of Vu1's R30 to its channel partners. The team also will be working on the development of Vu1's forthcoming R40 and A19 bulbs.
The team that will work to ensure a successful launch of Vu1's bulbs includes:
Dr. Charles Hunt is a Vu1 board member and professor at University of California-Davis who will work with Vu1 Chairman, President and CEO William Smith to manage the project team. Hunt, an expert on vacuum electronics, phosphor technology and colorimetry, and cathode engineering, has more than two decades of experience in researching emerging technologies.
Stanley Chao is Vu1's new Vice President, Asia Pacific, Product and Quality Manager. Chao has lived and worked in the Far East for more than 15 years, including a role as president of Kingston Technology KK in Japan. Chao also has held a variety of management roles at Merrill Lynch in Hong Kong and Philips Electronics in China and Singapore.
Cameron McLeod will oversee Vu1's UL certification processes as well as electronics engineering, including the multiplier, which is a critical component inside each bulb. McLeod has had responsibility for the latest version of the electronics found in the final configuration of the R30 currently being produced. McLeod has more than 15 years experience in high-voltage circuit design for vacuum tube applications. His resume includes the manufacture of custom recording equipment for many music industry professionals, including Chick Corea and the Jimmy Buffett band.
Bob Donofrio is a global phosphor expert who will oversee processes and efficiencies related to the coating of the surface of each bulb. Donofrio is the president of Display Device Consultants in Ann Arbor, MI; and brings with him more than 40 years of experience in display device technology, particularly as it relates to the underlying ESL process.
"These appointments are further affirmation of our commitment to getting the Vu1 ESL technology to the lighting market as soon as possible," said Vu1 Chairman, President and CEO William Smith. "We are on track with the production of our flagship R30, as well as additional models, and this is the team that will get us across the finish line."
Vu1's Electron Stimulated Luminescence™ technology provides a warm and pleasing light quality that consumers are looking for, in an affordable, energy-efficient package without the high price-point of LED bulbs or the hazards of CFL bulbs containing mercury.
The ESL R30 reflector bulbs are expected to be priced at $14.98 when they go on sale at retail outlets. The bulbs are a direct replacement for the incandescent flood bulbs commonly found in recessed lighting fixtures throughout U.S. households and businesses. Virtually indistinguishable from the traditional incandescent lamp it replaces, the ESL will last up to 11,000 hours while generating 65 watts of equivalent light from just 19.5 watts of electricity.
About Vu1 Corporation
New York City-based Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally friendly lighting solutions - with superior light quality -- worldwide. Vu1 has developed a new energy efficient light bulb to provide the consumer market with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products. Learn more about Vu1 at www.Vu1.com. For the latest news, find Vu1 on Facebook and follow us on Twitter.
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 ability to obtain future funding required for our operations, the future demonstration and commercial availability of our light bulb, timing for bulb production and sales, manufacturing capability of our facility, future interest of channel partners and distributors, our strategic planning and business development plans, future applications of the technology, and the viability, pricing and acceptance of our products in the market. 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, 2010 and our other periodic reports as filed from time to time).
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KEYWORDS: United States Asia Pacific North America China New York
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