Karachi To Use Company's Resilient Off-Grid
Lighting Solutions As Part Of Technology Transformation Plan
MELBOURNE, Fla -- (Business Wire)
Lighting Science Group (LSG), a global leader in superior lighting
solutions that are environmentally-responsible and energy-efficient, has
been chosen as a founding partner in the $200 million plan that will
make Pakistan's largest urban area the country’s first “Smart City".
Lighting Science and AmeriGroup, one of the largest sustainable
infrastructure development and manufacturing companies in the UAE,
recently signed a memorandum of understanding with the Sindh government
that puts Lighting Science in charge of creating a resilient system of
infrastructure lighting and security throughout the seaport city of
Karachi, once known as the 'City of Lights,' and home to almost 24
million residents - the second-largest population of any city in the
world. The project will feature LSG’s FreeLED integrated solar LED
lighting system along bridges, roads and other public venues. The
transformation to energy-efficient lighting is part of the plan’s first
$20 million phase that also includes adding wireless Internet and CCTV
cameras.
Lighting Science’s largest shareholder, Pegasus Capital Advisors, will
also be involved, assisting with raising funds for the security
monitoring, LED street lighting, smart pole construction and system
integration provided by the international telecom firm Huawei, the smart
pole solutions provider and integrator Streetscape, and LSG.
"We believe the future prosperity of cities lies in embracing not only
collaborative partnerships, but leveraging the benefits of connectivity
and energy efficiency," said Craig Cogut, founder and chairman of
Pegasus Capital Advisors. "The infrastructure that defines the ambiance
and safety of a city must be resilient – distributed and energy
efficient solutions, such as off-grid street lighting, are the wave of
the future and we are excited to be bringing them to Pakistan."
Lighting Science is noted for its LED technology and design. Its FreeLED
integrated solar LED lighting system is remarkable for its impressive
energy efficiency and minimal materials usage. This system enables a
resilient, grid-independent approach to street lighting, as opposed to
standard street lighting, which is serially linked to electrical
infrastructure and therefore systematically vulnerable. Similarly, the
Mini Roadway takes a minimalist approach to lighting – it is up to 50%
more energy efficient while using as much as 75% less material than
standard lighting solutions. Additionally, with a light source that
lasts up to 10 times longer than traditional lighting, it reduces the
maintenance costs associated with street lighting and avoids the waste
created by continually replacing most of the components of traditional
fixtures. Collectively these LED street lighting solutions provide an
unparalleled degree of reliability, efficiency, and security that will
help save lives and promote the wellbeing of the people of Pakistan.
“With the help of Lighting Science and its partners, we expect to
transform Karachi into Pakistan’s first Smart City,” said the Sindh
Information Minister Shrajeel Inaam Memon. He continued, “the
combination of off-grid LED lighting and other security solutions will
greatly improve the safety and wellbeing of the citizens of Karachi.”
The distinct advantages of LSG’s approach were recently showcased in two
cities in Brazil, where the company installed LED streetlights in the
first phase of a project to improve the street lighting of cities across
Brazil and save money in the process.
"We are tackling the issue of modernizing street lighting infrastructure
at minimal cost head-on in Brazil, and now Pakistan," said Ed Bednarcik,
CEO of Lighting Science. "With so much of the global population now
living in cities, municipalities will have to offer more welcoming
atmospheres to attract residents, visitors and industry. In short,
cities themselves will have to become brands. High-quality, intelligent
lighting makes a city safer and more attractive, enhancing its brand
identity – the distinctive signature that defines its appeal and
differentiates it from others."
About Lighting Science Group
Lighting Science Group (OTCQB: LSCG) is a global leader in superior
lighting solutions that are environmentally-responsible and more
energy-efficient than traditional lighting products. Lighting Science’s
mission is to advance the world’s lighting to exponentially improve the
quality of life for all. Lighting Science is committed to unleash the
science of light to make people and our planet look, feel, and heal with
award-winning, innovative LED lamps and lighting fixtures. Find out more
at www.lsgc.com
or www.definitydigital.com
and join us on Twitter,
Facebook,
LinkedIn
and the Lighting Science Blog.
About Pegasus Capital Advisers
Pegasus Capital Advisors, L.P., is a private equity fund manager that
has been providing creative capital and strategic solutions to companies
across a variety of industries since 1996. Pegasus partners with
management teams of growth companies, with a focus on those that benefit
from the business implications of global resource scarcity. Sectors
where this trend is most pronounced are food, water, energy, health &
wellness and security.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150728006501/en/
Contacts:
Lighting Science Group
Kate Kaminski, 321-610-9541
kate.kaminski@lsgc.com
Source: Lighting Science Group
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