Revolution Lighting Technologies LED Products Selected for Viacom Headquarters in Times Square
Revolution Lighting Technologies LED Products Selected for Viacom Headquarters in Times Square
Revolution Lighting Technologies subsidiary Seesmart, Inc. will provide more than 1,000 energy-efficient lamps for 1.8 million-square-foot commercial property in heart of New York City
STAMFORD, Conn.--(BUSINESS WIRE)-- The installation of new LED lighting in Viacom's New York City headquarters is expected to reduce energy consumption at the Times Square building by more than 55 percent.
Revolution Lighting Technologies, Inc. (NAS: RVLT) subsidiary Seesmart, Inc. has been selected by office landlord SL Green Realty to retrofit more than 1,000 lamps at the 1.8 million-square-foot Viacom corporate headquarters, 1515 Broadway in New York. The largest commercial property owner in New York, SL Green installed Seesmart LED products in 21 of its other portfolio properties last year.
"Revolution Lighting is excited to continue its relationship with SL Green Realty by installing our market-leading Seesmart LED products throughout its premier New York City property," said Charles Schafer, President and Chief Financial Officer of Revolution Lighting Technologies, Inc. "Having our LED products installed in the heart of Times Square proves the increased confidence of the maturing LED industry. We're excited to deliver significant cost savings through energy efficiency and lower maintenance costs at the Viacom headquarters."
SL Green will install 1,100 Seesmart LED lamps in its headquarters. By replacing outdated lighting in constantly lit areas, including stairwells and mechanical spaces, the project will reduce energy use by more than 55 percent. The new LED lighting will make the building more efficient by providing 50,000 hours or more of light, dramatically reducing lamp replacement costs over time.
"As LED lighting continues to play a key role in our energy efficiency program, we recognized a need for updated lighting in the Viacom property," said Jay Black, director of sustainability at SL Green. "Revolution Lighting's innovative and trustworthy Seesmart product line allows us to drive energy reduction, yield significant savings and improve return on investment."
In 2012, SL Green installed Seesmart LED lamps throughout 21 of its properties, saving almost $1.0M annually. The retrofit of 1515 Broadway marks a significant step in the integration of LED lighting throughout SL Green's portfolio.
About Revolution Lighting Technologies
Revolution Lighting Technologies, Inc. engages in the design, manufacture, marketing, and sale of light emitting diode (LED) lighting solutions in the United States, Canada, and internationally. The company sells its products under the Seesmart, Lumificient, and Array brand names. Revolution Lighting Technologies, Inc. markets and distributes its product through a network of independent sales representatives and distributors, as well as through energy savings companies and national accounts. For more information about Revolution Lighting Technologies, visit http://www.rvlti.com/.
Walker Sands Communications
Challin Meink
(312) 267-0064
challin.meink@walkersands.com
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