Austin, TX (PRWEB) March 6, 2011
The State of Texas Emerging Technology Fund recently announced that it has awarded $ three million to Austin Engineering Incubator (ATI) member organization Firefly LED Lighting for merchandise commercialization.
Power market regulators in the United States and throughout the world are phasing out incandescent and fluorescent lighting in favor of LED (light-emitting diode) technologies to save power costs and lessen environmental impact. Firefly LED Lighting products are more energy efficient and lengthier lasting than traditional lighting, lowering customer charges by more than 80 % for energy and 96 % for upkeep and increasing ROI with a rapid payback.
Firefly LED Lighting items offer a 32 % reduction in temperature, 48 % increase in thermal conductivity, an up to 223 % enhance in surface place, and up to 40K hours of light output, along with additional light and motion sensors and controls.
Firefly products are manufactured in Texas, which assists strengthen the nearby economic climate and produce jobs. Firefly CEO Steve Barcik explained We are extremely excited to be awarded the ETF grant to support commercialize our merchandise. It is a big vote of confidence and validates our company model. The Texas Emerging Engineering Fund cultivates the strong entrepreneurial community in Texas and it is an honor and a privilege to function collectively with them to develop the economic climate and place Texans back to work.
Last week, Firefly launched a comprehensive series of spot and flood lamps for indoor and outside use. Fireflys modular heat sink and driver technologies make sure that the lamps will provide many years of service and conserve thousands of dollars.
Barcik mentioned Firefly has a potent relationship with ATI, which includes standard advisory meetings and networking possibilities with neighborhood clean tech entrepreneurs, venture capital traders, government officials, and potential clients.
Clean Energy Incubator Director Mitch Jacobson explained Steve Barcik and his team have been the consummate group to function with through our Clean Energy Incubator. Steve came to us a year and a half ago with his cutting-edge lighting concepts and technological innovation, and it has been a real pleasure and honor to perform with him to get to this stage of success of receiving Emerging Technologies Funding and starting item commercialization in a vital place of power effectiveness in buildings close to the world.
About the Austin Technologies Incubator
The Austin Technological innovation Incubator is a nonprofit unit of The University of Texas at Austin that harnesses company, government and academic resources to give strategic counsel, operational guidance and infrastructure assistance to its member firms to aid them transition from early stage ventures to productive engineering organizations. Because its founding in 1989, ATI has worked with above 200 organizations, helping raise near to $ 750 million in investor capital. ATI is a important program of the IC2 Institute at The University of Texas at Austin. For much more information, check out http://www.ati.utexas.edu.
About Firefly LED Lighting
Firefly supplies full assortment of Sensible LED light bulbs for direct replacement of incandescent and fluorescent bulbs. Fireflys LED lights are low energy, low heat and have a lengthy lifestyle permitting clients to decrease heat and energy charges by up to 90 percent. Management and sensors are constructed into the lamps to develop a wise building from the socket down. Firefly has created lights that meet client and market place demand for light output and reliability. Anyplace you see a light supply you will see Firefly lamps, bulbs, and fixtures. For more information, pay a visit to http://www.fireflyledlight.com.
Contact:
Steve Barcik
CEO of Firefly LED Lighting
Steve(at)FFLED(dot)com
512-963-0222
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