Online documentary demonstrates company’s technology moving from lab bench to socket
December 7, 2009 SEATTLE – Vu1 Corporation (OTCBB: VUOC) today posted an updated documentary in which the company’s Electron Stimulated Luminescence™ (ESL™) lighting technology is shown in a self-contained model of a screw-in bulb for the first time. The three minute video features an updated demonstration of ESL with all the electronics contained inside the light bulb which screws into any standard Edisonian style light socket. This demonstration is an important milestone as the company continues down the path to commercialize its first application of ESL, a fully functional replacement for existing “R-30” reflector bulbs. The video update is now available for public viewing at: http://www.vu1.com/ESLupdate.
“Demonstrating our technology’s ability to function as a stand-alone bulb is an important step as we move into the next key phase - miniaturization of the electronics in preparation for pilot production,” said R. Gale Sellers, CEO of Vu1. “We are now focused on transitioning our initial bulb design toward a market-ready product so consumers don’t have to compromise on safety, energy efficiency or light quality when choosing their light bulbs.”
Vu1’s ESL is the cornerstone to the company’s development of the next generation of energy efficient lighting technology. As governments around the world begin to mandate the use of energy efficient light bulbs consumers are faced with few good alternatives due to the environmental hazards of mercury, limited features, price concerns and poor light quality associated with other lighting sources such as Compact Fluorescent Lamps (CFLs) or Light Emitting Diodes (LEDs).
ESL will offer the full features of incandescent lights, such as the high light quality and color demanded by consumers, instant on, and true dimability, all in an attractive bulb design but without the use of dangerous mercury. Vu1 plans to focus initially on the R-30 reflector bulb market and, assuming adequate funding the company will target reaching the market in the second half of 2010.
Vu1 has recently applied for a patent utilizing ESL technology in a linear fluorescent tube shape, the most common lighting in commercial buildings. Currently there are more than 1.5 billion fluorescent tube fixtures in the United States alone. The company has recently begun work on an affordable, incandescent light quality, dimmable, mercury free replacement for the common fluorescent tube.
More information on the Vu1 and energy efficient ESL lighting can be found on the company’s blog at: http://vu1corp.blogspot.com.
About Vu1 Corporation
Vu1 Corporation (OTCBB: VUOC) is dedicated to applying its technology to produce energy efficient, environmentally-friendly lighting solutions worldwide. Vu1 is developing a new, energy efficient light bulb to provide the consumer market with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products. More information about Vu1 is available at: http://www.vu1.com/.
This news release is not an offer to sell or the solicitation of an offer to buy the securities discussed herein. These securities have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (SEC) or an applicable exemption from the registration requirements. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933, as amended.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, the future commercial availability of our light bulb, our strategic planning and business development plans and the viability, pricing and acceptance of our products in the market. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend", “scheduled” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control. These risks include, but are not limited to, our ability to raise capital to fund ongoing development and operations, completing our manufacturing capability, the price and availability of raw materials for manufacturing, timing and results of product development and certification of our product, unanticipated costs and delays in product development and manufacturing, our ability to hire and retain key management and technical personnel, interest of channel partners, competitive factors, and our ability to manage growth, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the year ended December 31, 2008 and our other periodic reports as filed from time to time).