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| [November 23, 2009] |
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PureSpectrum Prepared to Begin Energy Star Testing on 23-Watt CFL Containing Company's Proprietary Technology
SAVANNAH, Ga. --(Business Wire)--
PureSpectrum, Inc. (OTCBB: PSRU) has completed work on a 23-watt (100-watt incandescent equivalent) dimmable Compact Fluorescent Lamp (CFL) containing a modified version of the company's proprietary technology. Testing for Energy Star certification will begin later this week, and the company expects the bulb to be submitted for Underwriters Laboratory (UL) approval before the end of the year.
After multiple iterations and rounds of internal testing in collaboration with the company's manufacturing partners, a member of the company's engineering team was in China last week finalizing product design and engineering on the 23-watt CFL as well as advancing designs for several other CFL designs which incorporate PureSpectrum's proprietary technology. After encountering macro-engineering and manufacturing delays earlier this year, the company expects to be able to introduce several CFL products, including bare spirals and reflectors, in the near future which utilize the company's proprietary technology.
"We understand that our shareholders have been eager to learn the direction of our technology, and we are proud of the work our engineering team has done to put us in a position to develop a firm product launch calendar that includes products that contain PureSpectrum's proprietary technology," said PureSpectrum president and CEO Lee Vanatta. "We were disappointed that we faced delays and we know our shareholders were disappointed to learn about the setback, but we have worked intently on modifying and refining our technology in order to be able to bring products containing our technology to market. We implemented intelligent and sound business strategies to offset the delays, and we believe the company has been strengthened considerably while the second iteration of our technology was completed."
The company continues to build upon positive sales momentum generated by the introduction of a non-proprietary 20-watt dimmable CFL in the third quarter. While refinements and modifications on PureSpectrum's technology were ongoing, the company initiated its sales strategies on multiple platforms and established brand identity and familiarity among many critical audiences.
"As we have maintained throughout this process, our intention to introduce innovative, high performance energy efficient lighting into the marketplace has never changed," Vanatta said. "We believe we have positioned ourselves appropriately during the past three months for our brand to be recognizable as we continue our product development efforts and add to our product launch calendar."
Call (912) 961-4980 or visit www.purespectrumlighting.com for more information.
ABOUT PURESPECTRUM
PureSpectrum, Inc. is a technology-driven lighting company headquartered in Savannah, Ga., that is striving to develop performance based technology solutions for energy efficient lighting in multiple categories. The company's mission is grounded in the quest to preserve natural resources and a belief that energy efficient lighting will be embraced and absorbed through improved performance. PureSpectrum is designing technology and products that enable energy conservation and improved performance without increased cost or confusion for the consumer. PureSpectrum plans to continue its commitment to researching and developing technologies and products that satisfy consumer demand and advance the cause of energy conservation. Please call (912) 961-4980 or visit www.purespectrumlighting.com for more information on PureSpectrum.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for PureSpectrum's products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time by PureSpectrum.
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