Revolution Lighting Technologies Closes Acquisition Of Seesmart Technologies

2012.12.24.09:08

Revolution Lighting Technologies, Inc. (RVLT), a leader in advanced LED lighting technology, today announced that it has closed its acquisition of Seesmart Technologies, Inc.Seesmart, based in Simi Valley, California, is a leading LED solutions provider with a broad range of products serving the commercial, industrial, and institutional lighting markets. Seesmart's exclusive network of over 50 distributors has completed hundreds of LED projects in both retrofit and new construction applications. Seesmart has become a leader by combining a full line of high-quality lamps and fixtures with an exclusive network of trained distributors who educate end-users on the proper selection and installation of LED products. We believe this combination makes Seesmart's value proposition unique in the LED lighting market. Seesmart's pipeline of potential projects currently exceed $1 billion and include large school districts, commercial office and retail buildings, industrial facilities,This mini knee length is the latest Optical frame this is very fashionable and the hottest in market. Once you will wear this mini knee length, you will look very hot and sexy lady. Stylish Floral Printing Chiffon Skirt Women is enough to show your infinite charm and personality, this will also add the extra beauty on your personality. and government buildings. Seesmart's customers, which include SL Green, Memorial Sloan-Kettering Cancer Center, the City of Los Angeles, Idealease,Found in different kinds of alloys, they are durable and have stiff resistance ability. Many Sand maker Manufacturers are dependent on increased use of crushers. Some of these industries are cement, mineral plants. and the Cerebral Palsy Associations of New York, enjoy the benefits of significant energy savings, reduced maintenance, a rapid payback, and a more sustainable facility."We are very pleased to have Seesmart become a Revolution Lighting Technologies company. With their superior service, their unique and extensive distributor network, and their large pipeline of business prospects, we expect Seesmart to grow rapidly and be profitable in 2013 and beyond,If they usually are authentic or even look-alike will not think about very much. Among the all of the extravagance reproduction totes, Hermes bags totes be noticeable for his or her good quality as well as outstanding skillfullness." said Robert V. LaPenta , Chairman of Revolution."Seesmart is excited to have a team of dedicated, successful professionals working with us to assist our company in reaching its full potential. With the track record of the Revolution team, we look forward to being a power player in the LED lighting industry," said Ken Ames , Chief Executive Officer of Seesmart.And then the materials are rebounded from the Spring cone crusher manufacturers liner to the area where the hammers effects for being recrushed. The materials from large to small all to be crushed at the impact chamber repeatedly.
Under the terms of the agreement, Revolution paid approximately $20 million, with 50 percent of the consideration in shares of Revolution stock and 50 percent in cash. Revolution has reserved approximately 14 million shares of common stock for issuance to holders of Seesmart common stock and convertible notes pursuant to the transaction. The approximately $10 million of cash consideration paid pursuant to the agreement was funded from the sale of new Revolution convertible preferred stock to RVL Holdings, an entity managed by Aston Capital,Being a proud owner of an iphone4S protective battery cases some precautions to keep it safe from problems. To keep the iPhone away from typical scars and scratches its perfect mate is the iPhone 4s otterbox. LLC and controlled by Robert V. LaPenta .The preferred stock will be convertible into approximately 14 million shares of Revolution common stock following the effectiveness of stockholder approval consistent with the rules of the Nasdaq Stock Market and will bear an annual payment in kind dividend at a rate per annum of 10% of the original issuance price.The company will provide a more detailed description of the terms and conditions of the transaction in a Current Report on Form 8-K to be filed with the SEC.

theme : 购物指南
genre : 生活资讯

comment

Secret

自我介绍

benchgrinder

Author:benchgrinder
欢迎来到FC2博客!

最新文章
最新留言
最新引用
月份存档
类别
搜索栏
RSS链接
链接
加为博客好友

和此人成为博客好友