Today's students are preparing to enter a world in which colleges and employers are demanding more than ever. To ensure that all students are ready for success after high school, New Jersey has set high expectations for what students should know and be able to do in each grade level. In conjunction with rigorous standards, New Jersey has adopted assessments to help measure critical thinking, problem-solving and reasoning skills that students need whether they are moving to the next grade level or graduating from high school. Preparing every child for success in college and career is the vision guiding our education system in New Jersey.
|Monday, November 9, 2015,
Revolution Lighting Technologies Operating Division Secures Approximately $2.2 Million in Contracts with NJ and NY Educational Facilities
Company Continues to Establish Itself as an Industry Leader for LED Lighting Solutions for Public Educational Facilities Following Agreement With Parsippany-Troy Hills School District and City School District of New Rochelle
Revolution Lighting Technologies announced today that its division, Tri-State LED, secured an agreement for $1.2 million with the Parsippany-Troy Hills School District, as well as a $976,000 contract in collaboration with RVLT's division, Value Lighting, to supply its G3 LED tubes for the New Rochelle Public School System.
The $1.2 million agreement with the Parsippany-Troy Hills School District will supply its G3 LED tubes in 14 school structures throughout the district, located in Northeastern New Jersey, 28 miles west of New York City. The agreement with the City School District of New Rochelle for $976,000 will supply G3 LED tubes in school classrooms, hallways, and gyms, in addition to exterior fixtures.
In 2015 alone, Revolution Lighting has supplied its G3 LED tube technology across approximately 23 public school systems within New Jersey, New York and Connecticut. The continued implementation of Revolution Lighting Technologies LED tubes across public schools adds to the significant growth already achieved this year by RVLT, as the Company previously announced in August that it had installed more than 500,000 G3 LED tubes in educational facilities.
According to the Department of Energy, lighting is a significant consumer of energy use in K-12 schools, second only to space heating. As cited throughout a US Environmental Protection Agency report, school buildings are often able to achieve upwards of 40% energy cost savings through lighting installations and retrofits. With approximately 98,000 public schools nationwide, the market for energy efficient lighting solutions is significant, and represents a tremendous market opportunity for Revolution Lighting Technologies and its G3 LED tubes.
"The energy savings improvement plan (ESIP) and installation of Revolution Lighting Technologies' LED lighting solutions will provide tremendous benefit to the school district," said David Corso, Assistant Superintendent for Business/Chief Finance and Operations Officer/Board Secretary, Parsippany-Troy Hills School District. "This program will create a significant improvement in energy efficiency to reduce operating costs, while ensuring high quality learning environments for our students and teachers."
"Revolution Lighting Technologies, through the hard work and collaboration between our divisions, continues to be the premier provider of LED lighting solutions among public educational facilities," said Robert V. LaPenta, CEO and Chairman of Revolution Lighting. "Public educational institutions continue to expand adoption of LED lighting solutions to reduce operating expenses through improved energy efficiency while ensuring high quality learning environments for its teachers and students. We expect Revolution Lighting to further establish itself as an industry leader, powering the growth of this sector as lighting retrofit opportunities increase throughout New York, New Jersey, and Connecticut."
Tri-State LED, a division of RVLT, played a central role in developing and supporting each retrofit project in New Jersey, while collaborating with another RVLT division, Atlanta-based Value Lighting, to secure the agreement to provide the G3 LED tubes for the lighting retrofit at New Rochelle public school system. This collaboration among its divisions demonstrates RVLT's vision to acquire revenue-producing companies with extensive industry experience, relationships and market leading services to drive future growth.