ESCO Parent Acquires Active ES Lighting Controls
Premier Holding Corp. announced the signing of a Letter of Intent with Active ES Lighting Controls, Inc. to immediately acquire Active ES Lighting Controls’ patents, technology, reseller agreements, company and products brands, copyrights, trademarks and other key certain assets. PRHL’s wholly owned subsidiary, WEPOWER Ecolutions Inc., an energy service company (ESCO) and integrator of clean energy solutions, had previously been a distributor and marketer of Active ES lighting controls.
“PRHL is very proud to have the opportunity to be acquiring the patents on the highly innovative and time-tested Active ES lighting control devices, reseller agreements, brands and other key assets from Active ES,” stated Kevin Donovan, president and CEO of PRHL. “We’re looking forward to working closely with Larry Young, James Archdekin and the rest of the brilliant minds at Active ES and their reseller network to grow sales through our global channels and network at PRHL’s subsidiary WEPOWER Ecolutions.”
“Active ES is excited to be working with PRHL and WEPOWER Ecolutions through this process and we are very optimistic about the next generation of success with Active ES with the leadership and resources of PRHL. We are very impressed with WEPOWER’s resources, talent and commitment to market and implement this technology throughout the US and around the world,” stated Larry Young, president and CEO of Active ES Lighting Controls, Inc.
Active ES Lighting Controls is a leading provider of energy-saving lighting power control technology for HID and fluorescent lights. Rapidly gaining popularity within the commercial, industrial, outdoor, and municipal sectors, the Active ES range of products improves the efficiency of existing HID and fluorescent lighting systems without the complexity, cost, or disruption to operations often associated with the use of trendy but less-proven lighting upgrade strategies.
Simply stated, HID lamps (which are among the most energy-efficient light sources available) start at full power and typically take up to 15 minutes to achieve full brightness. After this point, however, they no longer need full power to maintain optimum lighting levels, but are still consuming this excess power, wasting electricity, and unnecessarily wearing lamps and ballasts. Active ES lighting controls install between the panel and the load, reducing energy consumption and making these highly efficient lamps even more efficient. Active ES lighting controls smoothly and reliably reduce power to a specified level to deliver energy savings of 10 to 36 percent.
In related news, Premier Holding Corp. announced that it sold common stock to six accredited investors for $572,500. Two of the strategic individual investors have extensive backgrounds and decades of success in global equity investing.
“PRHL is very pleased to announce the closing of the sale of a portion of our common stock to a few strategic investors where we received $572,500,” stated Donovan. “This capital investment into PRHL will be applied to operating expenditures and areas of new growth for our holding corporation and its wholly owned subsidiary, WEPOWER Ecolutions Inc.”
PRHL and WEPOWER Ecolutions hope to receive introductions to possible new green business projects in green buildings, establishing new green funds and other strategic alliances from the individual strategic equity investors.
About Active ES Lighting Controls
A leading California-based provider of innovative lighting power control technology for HID and fluorescent lights, Active ES Lighting Controls is successfully providing its patented technology to professional lighting users internationally. Offering such exclusive solutions as its E-Series family of controls for a broad range of commercial, industrial, outdoor, municipal, and transportation venues, as well as its LightHawk and LiteOwl controls for outdoor and street lighting applications, Active ES lighting controls are available through a national network of manufacturers’ representatives, engineers, distributors, contractors, and energy conservation companies. www.ActiveES.com
About WEPOWER Ecolutions Inc.
WEPOWER is a US energy service company (ESCO), based in the Los Angeles area, that offers renewable energy production and energy efficiency products and services to commercial middle market companies, Fortune 500 brands, developers and management companies of large scale residential developments. WEPOWER’s business is focused as an integrator of clean technology solutions in the US, with strategic expansion plans in Latin America, Asia and Europe. WEPOWER’s core business expects to deliver green energy solutions, branded specifically as WEPOWER “ecolutions,” which include alternative energy technology portfolios in wind turbines, solar power systems, green roofs, smart lighting controls, LED lighting, battery storage power plants, energy and power control management systems, fuel reduction solutions for transportation and other clean technologies specific to its market. Additional integrated business offerings will include direct energy services such as power purchase agreements (PPAs), energy financing and leasing of solar and wind-powered generation programs in urban and rural real estate environments. www.wepowereco.com
About Premier Holding Corp.
PRHL provides financial and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies, to its current subsidiary, WEPOWER. The company also intends to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated into WEPOWER, and utilize the overall economics of such products and services for the benefit of WEPOWER.