Sunovia Energy Technologies Inc. Acquires Exclusive Rights to LED Lighting Patents
SARASOTA, Fla., Aug. 4 /EMWPresswire/ -- Sunovia Energy Technologies, Inc. (OTC Bulletin Board: SUNV), a renewable energy and energy conservation company, announced today that it has acquired the exclusive rights to patents that allow it to expand its existing product offering into the extended-life and security LED lighting markets. The patents acquired, which include a critical electromechanical patent, enable Sunovia's EvoLucia(TM) LED lighting fixtures to differentiate between a power failure and the power being turned-off at the switch. This proprietary feature allows Sunovia the ability to market LED lighting products that remain illuminated during power outages. This system integration is especially important in countries that experience frequent blackouts and also to domestic customers that are concerned with weather events. Currently, the availability of products with this important feature is limited to a hardwire fixture that must be wired into the electrical outlet. The acquisition of these patents allows Sunovia the unique ability to deliver a wireless product to the market that can be safely and simply installed by anyone that can use a screw driver. In addition, the wireless aspect of the product allows Sunovia the ability to deliver a product to the retro-fit market rather than be confined to new construction. Carl Smith, Sunovia's CEO and Chairman of the Board, stated, "The acquisition, development and integration of proprietary technologies within the burgeoning energy conservation markets is the primary focus of our business plan; and our continued ability to deliver practical and energy- efficient solutions to the global lighting markets will further solidify our position as a rising player within this immense market."
About Sunovia Energy Technologies, Inc. Sunovia Energy Technologies is a Sarasota, Fla.-based renewable energy and energy conservation company that is developing an advanced and cost-effective cadmium telluride (CdTe) solar cell technology. Sunovia is also the owner of the energy-efficient LED lighting product line, EvoLucia(TM). The EvoLucia(TM) brand is CE, FCC, TUV and IP23 regulatory approved, and is now marketed worldwide. Sunovia owns a significant equity interest in Illinois-based EPIR Technologies, Inc. ( http://www.epir.com ), one of the most advanced IR sensor and IR imaging companies in the world. EPIR's knowledge, experience and expertise in the growth of CdTe, HgCdTe and other II-VI semiconductors equal or exceed any other company in the world. Their prowess in this area is unmatched and has been endorsed by the award of unprecedented congressional funds for the development of a manufacturing capability for CdTe on Si and the award of a patent for growing CdTe directly on a Si readout integrated circuit. EPIR and Sunovia have a network of close collaborative relationships with the major Defense Department and industrial labs involved in IR detection and imaging, including the Army Research Laboratory, the Night Vision Electronic Sensors Directorate, BAE Systems, and other laboratories around the world. For more information or to view Sunovia's filings with the Securities and Exchange Commission, visit http://www.sunoviaenergy.com . Forward-Looking Statement Some of the statements made by Sunovia in this press release are forward- looking in nature. Actual results may differ materially from those projected in forward-looking statements. Sunovia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Sunovia's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89