LED lighting company Revolution Lighting Technologies gets $5 million equity investment

By Editor


Greentech Lead America:Advanced LED lighting technology provider, Revolution Lighting Technologies, has completed a $5 million equity investment from a new unaffiliated investor.The investment will be in the form of common stock and the proceeds will be used for general purposes, including working capital and expansion of the company’s distribution network.

“The latest investment not only provides additional capital to fund our increasing growth, but also expands our shareholder base with an important new investor. Revolution is well positioned to significantly increase revenue and profitability in 2013 and beyond,” said Robert V. LaPenta, chairman and CEO of Revolution Lighting Technologies.

“This investment expands our capital base and better positions us to support our dynamic growth and aggressively pursue our growing pipeline of opportunities. We continue to invest in our unique and expansive platform to take advantage of the significant opportunities in the marketplace,” said Charlie Schafer, Revolution’s president and chief financial officer.

The $5 million investment has been completed through the sale of a newly issued common stock at a price of $1.17 per share. The transaction closed March 8, 2013 and has been approved by the board of directors of RVLT.

Revolution Lighting Technologies LED to light up Viacom Headquarters in Times Square

Recently Revolution Lighting Technologies subsidiary Seesmart has been selected to provide more than 1,000 energy-efficient lamps to light up Viacom Headquarters in Times Square.

SL Green will install 1,100 Seesmart LED lamps in its headquarters.

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