RE: RE: LED Light at On S'investit
Halifax-based LED Roadway Lighting sees brighter future with new contract
LED Roadway Lighting (LRL) recently signed a contract to supply Nova Scotia Power with 85,000 LED-based streetlight fixtures that will be installed throughout the province. The Halifax-based company designs and manufactures LED area and street light control systems and fixtures that meet or exceed requirements set forth by the Commission Internationale de'L'Eclairage (CIE), International Dark Sky Association (IDA) and Illumination Engineering Society (IES).
Clean technology option provides multifaceted benefits
These fixtures will replace the previous models – 70 – 400 watt high-pressure sodium (HPS) fixtures – a swap that will result in reduced energy consumption and lower maintenance costs.
In fact, it's estimated that switching to more efficient clean technology lighting systems will reduce the amount of greenhouse gas emissions by the amount 4,295 cars would expend over the course of 20 years. Moreover, cities will start to recognized money savings as the LED alternatives are installed starting in the fourth quarter of 2012 because bulbs have a longer life and requires less maintenance.
"LED Roadway Lighting is truly a Nova Scotia success story and I want to congratulate the company on securing this new contract," said Nova Scotia Premier Darrell Dexter.
"This is an innovative company with a world-leading product that is helping to strengthen Amherst's growing reputation as an economic hub in Nova Scotia. It is because of companies like LED Roadway Lighting that more and more Nova Scotians have the option of living and working in the community they call home, close to their families," Dexter added.
Growth in clean technology industries
This is only the latest of LRL's secured contracting opportunities this year, demonstrating the traction it's gaining as a leader in Nova Scotia's growing clean technology sector. Earlier this year, LRL took a project installing 8,000 LED fixtures in the Dominican Republic and 24,000 fixtures in the United Kingdom. Closer to home, the company agreed to retrofit 72,000 outdated fixtures with its new technology for New Brunswick Power – a project that will take approximately five years to complete.
Local business, local support
"In order to grow and strengthen the economy of Nova Scotia, we need to think and act globally. LED Roadway Lighting has become a leader in innovation by staying a step ahead of its competitors. That's not easy to do, and it often requires support. That's where we come in," said the Director of Trade Development at NSBI, Mike McMurray.
We provided LRL with $4 million in venture capital alongside a $4 million private-sector investment from Cycle Capital to support the company's growth and stimulate hiring from waves of new graduates coming out of Canada's university capital.