Nexxus Lighting, Inc. (NASDAQ Capital Market: NEXS) today announced that the Company has changed its name to Revolution Lighting Technologies, Inc. Effective Thursday, November 15, 2012, the Company's new stock symbol will be NASDAQ Capital Market: RVLT.
"There is a revolution taking place in the lighting industry and our new name reflects our vision to provide cutting edge products, service and distribution to strongly position the Company as a major force in serving the needs of this very large and growing market," commented Robert V. LaPenta, Founder of Aston Capital and Board Chairman of Revolution Lighting Technologies. "We are entering an era of unprecedented change in the way we light our homes and businesses. New energy efficient LED lighting systems and control technologies are transforming the lighting industry. By 2020, 70% of the lighting market is forecasted to be products with LEDs as their light source with a worldwide market approaching $85 billion. Our goal for Revolution Lighting Technologies is to be a leader in that movement and offer complete and comprehensive lighting solutions to meet this growing demand," remarks LaPenta.
Mr. LaPenta added, "The name change to Revolution Lighting Technologies, Inc. reflects our view of the dynamic changes impacting the lighting industry and our commitment to establish our company as a leader in high performance LED lighting solutions focusing on the industrial, commercial and government markets."
