Eco-Shift Launches 2016 OEM/ODM Product Lines and Catalogs; Sees Record Financial Results Ahead for FY-2016By admin In Marketwired
CAMBRIDGE, ON — (Marketwired) — 01/27/16 — Eco-Shift Power Corp. (OTC PINK: ECOP), a leading global producer of advanced lighting products, today announced the launch of its 2016 lineup of OEM products and new product catalogs.
The new, 2016 product lines reflect the Company’s fundamental shift over the past year from a capital and labor-intensive model of designing, manufacturing, marketing and installing retrofit lighting products — to one that capitalizes on Eco-Shift’s extraordinary manufacturing capability. This enables the Company to focus on producing state-of-the-art LED and other energy efficient lighting products white-labeled for major, global lighting distributors and their industrial, corporate and retailer clients.
Eco-Shift’s change in business model has been underway since new management was recruited eleven months ago to lead a turnaround that enables the Company to capture significant global market share — profitably — of an industry that analysts project growing at 30 percent annually. Accordingly, the Company expects to report record financial results for the full year 2016.
“This an exciting time at Eco-Shift Power,” said its Chief Executive Officer, Alistair Haughton. “Publicly, 2015 was a quiet year for our company. Behind the scenes, it was all about transforming our business model to leverage our strengths and reduce risks. Today, that year of hard work, investment and relationship building is paying off handsomely. Preliminary feedback on our 2016 product catalogs from our growing customer base is extremely positive. We are actively working with our industry leading distributors on initial order workups in anticipation of follow-on orders for big-brand end-users, at healthy gross margins, for 2016 and beyond.”
Eco-Shift is distinguished competitively by its deep, worldwide relationships with many of the top OEMs and distributors, and its commitment to providing unrivaled levels of service that includes a drop-ship model and ability to white label products to serve established in-market product lines.
Eco-Shift’s competitive advantages include the lighting industry’s highest quality products and components, practically unlimited manufacturing capacity, with the industry’s best warranty programs to meet growing market demand worldwide. Its new, 2016 product catalogs are available at: www.eco-shiftpower.com/?page_id=155. The Company is currently upgrading its website that is expected to be ready next month; it will include a robust Distribution Channel Partners, and Investors, section.
The Company serves product market segments including:
- Filament line (traditional and old world styles) hotels, residential, food industry
- Commercial/Industrial (high bay, linear tube, flat panel, PAR, etc.) hotels, automotive retail, outdoor spaces, office space, large venues – stadiums/arenas, schools, etc.
- Specialized (vapour tights, greenhouses/horticulture, task lighting, inspection lighting, medical, military, etc.) mining, automotive manufacturing, paint booth, agriculture, livestock, etc.
Lighting Technology: The Time is Now With many tens of millions of dollars invested in lighting industry R&D and engineering by its major players, the state of LED and other advanced lighting technology has reached a level of design maturity and efficiency ideally suited to be combined with Eco-Shift’s exceptional contract manufacturing expertise. Compatible with the most technologically advanced lighting energy management systems and cloud-based software, our full product lines offer compelling energy savings for a high customer ROI and short investment payback.
All of the components used in Eco-Shift’s products are manufactured and underwritten by industry leaders, bringing comfort to all stakeholders while allowing the Company to offer the industry’s leading products without the R&D expense. The Company is not restrained by brand, and is able to acquire and match the best of breed from each sub component manufacturer and combine them to deliver a superior product.
Eco-Shift has built distribution partnerships that provide deep connectivity into the industry’s four key market segments:
- Walk in retail (big box store, independents) and high volume sales
- Online sales
- Facility Management Companies with a global footprint and includes hotels, offices, industrial spaces, etc.
- Commercial sales including contractor sales, specialized electrical distributors.
According to industry research firm Transparency Market Research, The global industrial and commercial LED lighting market was worth US$12.9 billion in 2012 and is expected to reach US$86 billion by 2019, growing at a CAGR of 30.8% from 2013 to 2019.
About Eco-Shift Power Corp. Headquartered in Cambridge, Ontario, with affiliate and distributor offices strategically located in key markets California, Florida, Auckland NZ, and Scotland, Eco-Shift Power Corp. is a contract manufacturer of advanced, high-efficiency lighting products and components designed for state-of-the-art energy management systems and cloud-based software platforms. It has strong relationships with a growing worldwide customer base composed primarily of major OEM/ODM lighting designers and distributors. Please visit us at www.eco-shiftpower.com and www.sunindustriesinc.com.
Forward-Looking Statements This news release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Eco-Shift’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the highly competitive nature of lighting industry sales and distribution, (ii) development and protection of our key OEM/ODM and distribution partnerships, (iii) unexpected industry technological development. More detailed information about Eco-Shift and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. Eco-Shift assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Source: Eco-Shift Power Corp.