Wednesday, October 6, 2010

BP (NYSE:BP) Chooses Lighting Science (OTC:LSCG) as Lighting Supplier

Lighting Science Group (OTC:LSCG) has been chosen by BP (NYSE:BP) to supply their lighting for their retail outlets in Europe.

The lights provided by Lighting Science will be longer lasting than the canopy lights now used.

Their press release said, "With rising energy costs across the world, multinational companies, like BP, are looking for ways to save energy—Lighting Science Group's LED products are a perfect solution. BP chose Lighting Science Group fixtures for their European gas stations based on performance, thermal management, quality components, cost and aesthetics. The Lighting Science LED flat lowbay fixtures provided will improve both the environment and BP's bottom line by delivering up to an 80% energy savings over traditional lighting technology, such as HID fixtures, and will last approximately 5 times as long."

With BP operating about 40,000 gas stations in Europe, this is quite a coup for the small lighting company.

Lighting Science Group closed Tuesday at $2.0410, gaining $0.1910, or 10.32 percent.

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