Nova Scotia Business Inc. - LED Roadway Lighting Has Bright Future



    AMHERST, NS, Sept. 10 /CNW/ - A home-grown Nova Scotia company continues
to shine brightly with its LED-based street lighting fixtures.
    The province, through NSBI, is supporting LED Roadway Lighting's
continued growth with a $6-million equity investment.
    "LED Roadway Lighting has grown a solid business in Nova Scotia and now
has an opportunity to become a world-leading provider of innovative,
energy-efficient LED lighting," said Percy Paris, Minister of Economic and
Rural Development. "We are proud to partner with exciting businesses like LED
Roadway Lighting."
    With a research office in Halifax and a manufacturing plant in Amherst,
the company has created a series of street light fixtures that are more energy
efficient than current technologies. LED Roadway Lighting fixtures produce the
same amount of light, but consume up to 80 per cent less energy than common
high-pressure sodium and metal halide street lights.
    "We're excited to be moving forward and growing our business here in Nova
Scotia and sharing our product with the world," said Chuck Cartmill, founder
of LED Roadway Lighting Ltd. "The technology we have developed is the most
efficient in the world and the additional applications are limitless."
    The company's light-emitting diode lights have grown in popularity for
many reasons, including low power consumption, a long lifespan, and the fact
that they promote environmental sustainability. The lights contain no lead or
mercury, and emit no light toward the sky. LED Roadway Lighting is conducting
pilot projects throughout North America and the Middle East, and is expanding
to Europe and the Caribbean as well.
    LED Roadway Lighting will continue to build on its state-of-the-art
research into electronics and optics design. The company is also researching
wireless and solar applications.
    "While it's hard to deny the uncertainty in today's economic climate,
Nova Scotia businesses are still taking chances, investing in themselves,
competing, and winning in the global economy," said Stephen Lund, president
and CEO of NSBI. "LED Roadway Lighting is a great example of how local
businesses are taking smart risks that can reap big rewards."

    Nova Scotia Business Inc. is Nova Scotia's private-sector-led business
development agency. NSBI is the investment-attraction arm of the province and
helps businesses in Nova Scotia meet growth potential through advisory
services, trade development, financing and venture capital.
    NSBI Venture Capital is a mid-to late-stage investor focusing on Nova
Scotia businesses in five key sectors: information and communications
technology, defence and aerospace, energy, advanced manufacturing, and life
sciences.




For further information:

For further information: Media: Sarah Levy, Nova Scotia Business Inc.,
(902) 222-3658, slevy@nsbi.ca; Craig Brown, LED Roadway Lighting, (902)
450-5631, media@ledroadwaylighting.com

Organization Profile

Nova Scotia Business Inc.

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LED ROADWAY LIGHTING

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