Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) Announces Partnership Agreement With GB Energie LED

Posted On 16 Jul 2013

Tag: Inc. (NASDAQ:RVLT), NASDAQ:RVLT, Revolution Lighting Technologies

Denver, CO, 07/16/2013 (Avauncer.com) –Shares of Revolution Lighting Technologies Inc. (NASDAQ:RVLT) rose by 13.06% to close at $5.02 in the last trading session and remained close to the higher end of their 52-week price range of $0.11 to $5.41. However, shares were thinly traded, with only 4.83 million shares exchanging hands, while the average volume of shares traded remains at 1.22 million shares.

RVLT principally performs marketing, manufacturing and designs light emitting diode, contour lighting products, channel letter, replacement light bulbs, LED-based signage and other commercial grade products. The two segments that the company is engaged in are ED signage and lighting strips and LED replacement lamps. It is a leader in advanced LED lighting technology.

Nexxus Lighting, Inc., formerly RVLT, is surging since the last three months. The share price of the company has doubled during the last three months period.

RVLT and GB Energie LED recently declared a multiyear cooperation along with that agreed for special marketing contract to drive LED approval across multiple areas. As per the terms of the agreement, GBE-LED will act as a strategic marketing, bidding and sales teaming partner of RVLT. The two companies will market together as RVLT & GBE-LED. RVLT & GBE-LED will focus on specific areas to provide high quality interior and exterior LED lamps and fixtures. The two companies provide together expertise, assistance, local presence, as well as varied services from engineering and consulting to financing.

GB Energie LED, a minority based women-owned business is committed to sourcing sustainable energy solutions worldwide. Through its worldwide reach and teaming agreements with strategic partners, GBE LED is positioned itself as a top company in the implementation of USA-made LED lighting solutions.

This partnership will be a part of sustainable energy solutions that contribute to both health and society. It is also estimated that its energy cost will be reduced with a rapid delivery of return on investment.

About the Author

Neha Gupta has completed her CFA Level 2 and has also her PGDBA, and has good analytical abilities. Getting into the intricacies of the stock information, delving into the company’s financial statements is my passion and have a great deal of understanding of Economy their impact on the Market and individual stocks.