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December 12, 2013

Revolution Lighting Technologies to Support Phase II of LED Retrofit at SL Green Properties

Revolution (News - Alert) Lighting Technologies specializes in LED lighting technology. Following the acquisition of Seesmart almost a year ago, the company has added Seesmart products to its portfolio of LED lights.

Demonstrating its success in LED lighting segment, Revolution Lighting just renewed partnership with SL Green Realty, New York City's largest commercial property owner, for the second phase LED retrofit at ten SL Green properties.

The first association of Revolution Lighting with SL Green started in 2012 when SL Green selected TriState LED, Revolution Lighting's leading distributor of Seesmart brand LED products, to install 16,000 LED lamps at twenty-two properties.

TriState LED helped the realtor save $625,000 annually and achieve a project payback of less than three years, reducing the energy use by more than 55 percent.

Just last month Revolution Lighting also announced it has acquired Tri-State LED in a cash and stock transaction. Tri-State LED’s success as Seesmart dealer and its familiarity with Revolution Lighting products have played a major part in the acquisition.

TriState LED continues to support SL Green's second phase, providing 8,000 Seesmart brand LED products at ten properties totaling 5.5M square feet, including 485 Lexington Avenue, 600 Lexington Ave, 750 3rd Ave, 625 Madison, and 1185 Avenue of the Americas in New York City, the company said.

Commenting on the renewed partnership with SL Green, Charles J. Schafer, Revolution Lighting president and chief financial officer, said, “SL Green's continued use of our Seesmart brand LED products reflects the growing market confidence in the LED industry, and Revolution Lighting's capability to deliver leading LED solutions for our customers.”

“Our ongoing relationship with SL Green demonstrates the strength of our distributors to deliver the strong customer pipeline we have in place heading into 2014," Schafer added.

SL Green has realized that LED equipment impacts 90 percent of lighting lifecycle costs through energy use and lamp life, providing $7.4M in total lifecycle savings for the company, according to company officials.

Edited by Cassandra Tucker

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