Onteco Corporation, (the "Company", or "Onteco"), provided today an update on its lighting products that are state-of-the-art solid state LED lighting that the Company, through its subsidiary, NexPhase Lighting, Inc., has been developing the past eighteen months.
Dror Svorai, President, stated, "We believe that the Company has made significant engineering and marketing progress since the acquisition of NexPhase Lighting, Inc.Gardens at Night are an experienced team of Outdoor light professionals specializing in exterior lighting, LED lighting, halogen lighting. in 2011 and the launch of our LED product line. Today, we have UL-approval, or approvals pending, on several of our LED products, each with unique built-in patent-pending technology.
Having such approvals in place is a true requirement to significantly penetrating the U.S. marketplace,RGB color changing LEDs, LED fixtures, LED under counter lights, flexible LED strips, t5 tube lights bulbs, commercial LED lighting. and obtaining the approvals and patent applications has been both time and resource intensive for us. As a result of our progress, we expect significant growth throughout 2012 as more new, intelligent LED products go into production."
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing us today. Additionally, these solutions must show promise of generating significant, ongoing profits for the company.
The company determined that one industry that meets these criteria is the Energy Saving Lighting Industry,LED lamps are made that replace screw-in incandescent or compact fluorescent LED candles. and as a result acquired NexPhase Lighting, Inc., in February 2011. The need for energy efficient lighting at affordable prices is growing rapidly throughout North America and around the globe. Onteco continues to target this market and hopes to capitalize on the world's growing need for energy saving lighting solutions.
NexPhase Lighting, Inc. is a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. It believes its products will be the lowest cost, highest efficacy fixtures available in the LED Lighting Industry.
All NexPhase lighting products incorporate its proprietary "NexSense Technology ", which provides benefits well beyond the generally acknowledged advantages of all other LED lighting fixtures. NexSense control systems use a unique, "patent pending' wireless protocol, which provides for an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduced maintenance and ongoing operation costs.
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended,Hanlux LED bulb is made of high brightness SMD. and Section 21E of the Securities Exchange Act of 1934.Our mission is to promote and supply innovative led lights ... Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning.