Boston, MA 10/01/2014 (wallstreetpr) – Energy Focus Inc (NASDAQ:EFOI) said that its lighting products have been registered under the U.S. General Services Administration Schedules (GSA). The registration would allow the company’s LED products easily accessible to GSA procurement links for agencies and buildings across the U.S.
The leading LED lighting technology company enjoys ownership or lease rights for more than 375 million square feet space in as many as 9,600 buildings. These structures span over 2,200 communities throughout the nation.
Benefits Of The GSA Schedule
The GSA aids procurement for government partners and agencies in the country. According to an article, the endeavor also demands the GSA to maintain the GSA Schedules, which consist of pre-negotiated deals with eligible suppliers. Other agencies can evaluate and purchase authorized products and avail services from the GSA Schedules. The purchases come with a declaration that the suppliers have fulfilled stringent contracting regulations, which are judged on their previously proven experiences.
In this context, Energy Focus Inc (NASDAQ:EFOI)’ President and Chief Operating Officer, Eric Hilliard, said that the successful registration of the company on the GSA Schedules is a significant achievement. He said that it would lead the company to serve the federal government in a better way. At the same time, the company can fulfill its goal of improving sustainable quality throughout federal properties with the industry leading TLED lamps.
Energy Saving
Government facilities are currently fitted with fluorescent lighting, which consumes excessively high amounts of energy. This is the chief reason for most lighting fixtures in those buildings. Lighting accounts for one-fourth of the entire energy consumption in government structures. Energy Focus Inc (NASDAQ:EFOI) high efficacy LED tubes claim to decrease energy utilization by as much as 50% as compared to the energy consumption of florescent tubes. This could result in a 10% reduction of building energy consumption and carbon footprint. In addition, the efficient energy technology also offers excellent investment returns because the payback time spans only a few years.
