Revolution Lighting Technologies Nears Completion of New Brunswick Public Schools LED Lighting Retrofit

Revolution Lighting Technologies, Inc. RVLT (“Revolution Lighting”), a leader in advanced LED lighting solutions, today announced that it is nearing completion of the retrofit installation of over 40,000 LED tube lights in all ten New Brunswick Public Schools, making the district the first New Jersey school system to fully convert to energy efficient LED lighting upon completion. Revolution Lighting's Generation 3 LED tube lights will now illuminate all of the public schools in New Brunswick. The LED upgrade is part of a $16 million Energy Savings Improvement Program (ESIP), led by Johnson Controls, a global multi-industrial company. The ESIP will greatly reduce the district's energy and natural gas usage through the district-wide installation of new cogeneration units, updated HVAC systems, solar panels, and LED lighting. These improvements are intended to cut the school district's energy usage by 41 percent and its natural gas usage by 25 percent. New Brunswick Public Schools was also able to capitalize on a significant energy efficiency rebate from New Jersey's SmartStart Building Program, further enhancing the financial benefits of the LED lighting retrofit. “This project will make our schools more energy efficient, eco-friendly and better for our students to learn and grow,” said Richard Kaplan, Superintendent of New Brunswick Public Schools. New Brunswick Mayor Jim Cahill stated, “This innovative project will upgrade the school district's energy systems without any impact to our taxpayers and will reduce our carbon footprint immensely. Our school community embraces change, and I congratulate Superintendent Kaplan and the Board of Education for taking on this remarkable task.” “Revolution Lighting Technologies is proud to partner with both New Brunswick Public Schools and Johnson Controls Inc. to implement this LED retrofit throughout all ten schools,” said Robert V. LaPenta, Chairman and Chief Executive Officer, Revolution Lighting Technologies. “Proper illumination is essential for academic settings and our new LED tube lights allow students to work under much higher quality light than provided by previous fluorescent fixtures. The retrofit will also significantly reduce the school district's energy use, maintenance costs and operating expenses, while helping the district mitigate the rising costs of electricity for years to come. The substantial savings allows administrators to invest in critical academic priorities. This project is a prime example of the financial and environmental benefits our LED lighting solutions are delivering to our customers.” LaPenta added, “We are seeing increased interest from school systems that want to reduce their operating costs and improve their learning environments through LED lighting upgrades. We currently have a pipeline of fifteen additional schools in New Jersey alone that are considering partnering with Revolution Lighting to undertake LED retrofit projects in 2015, as well as a near-term pipeline of school projects in the Northeast, representing a $10-$15 million opportunity over the next two years. The education market is increasing its LED adoption and we are actively pursuing school district retrofits in other states and regions across the U.S.” Revolution Lighting's Generation 3 LED tube light uses only 15 watts of energy, provides 1,700 lumens and is backed by a ten year warranty. Since the Revolution Lighting Generation 3 tube lights are designed for 75,000 hours of life, New Brunswick Public Schools will see ongoing operational savings due to decreased energy consumption and decreased maintenance compared to linear fluorescents and other existing inefficient lighting.