The company will focus its resources on the rapidly expanding market for LED lighting system technologies, fibre optic lighting technologies and other new emerging white light technologies through both new product development and potential strategic acquisitions. "Nexxus Lighting can be viewed as a brand new company with a solid foundation and a very clear vision," stated Mike Bauer, president and CEO. "Over the past year we have worked very hard to resolve the legacy issues that have burdened this company, strengthen the balance sheet and position the company to execute its new strategic plan. The future has never been brighter. Using Nexxus Lighting as a platform, we intend to capitalize on the opportunities for advanced lighting systems, including new LED lighting fixtures and light bulbs, through a focused brand strategy."
Initially, Nexxus Lighting Inc will serve as the umbrella for three distinct brands: Super Vision for fibre optic lighting systems; Oasis for illuminated water falls and water features; and Savi for state-of-the-art LED lighting products, systems and controls.
As the company grows and potentially develops or acquires additional brands, these brands would be added underneath the Nexxus Lighting Inc corporate umbrella. Separate brand names will allow the company to market each brand uniquely. All of the company's products are specification grade quality and are used in commercial, architectural, signage, swimming pool, national account and retail store lighting applications.
As part of executing its new strategic plan the company is moving its manufacturing and distribution operations to a new facility in Orlando, Florida and is moving its corporate headquarters to Charlotte, North Carolina.
The Nexxus Lighting Inc corporate headquarters is scheduled to be relocated within four months to the Floyd Smith Office Park located at 124 Floyd Smith Drive, Suite 300, Charlotte, North Carolina 28262, subject to finalizing the lease agreement.
(Lee Baldock)
