HUIZHOU, China, March 4, 2011 /PRNewswire-Asia-FirstCall/ --
China Intelligent Lighting and Electronics, Inc. ("China
Intelligent" or "the Company") (NYSE Amex: CIL), a leading provider
of lighting solutions that engages in the design, manufacture,
sales and marketing of high-quality LED and other lighting
products, today announced that its LED street lamps have passed the
International Commission on Illumination's ("CIE") 127-1997
Standard Test, conducted by National Lighting Test Center.
China Intelligent's LED street lamps have already passed
tests conducted by Bureau of Quality and Technology Supervision of
Dongguan City, Guangdong Province.
Ms. Li Xuemei, Chairman and CEO
of China Intelligent, said, "The results of these tests show that
our LED street lamps have outstanding performance in terms of
luminous efficiency, luminance and uniformity. Our
investments are focused on building our brand and our market share
in the LED space. Our new production lines and expanded LED
R&D facilities enabled our company to introduce new LED street
lamps successfully last year. The LED street lamps are
completely free from glare, and have lifetimes of over 50,000
hours, which is 5-10 times the life of traditional street
lamps."
The Company has invested approximately US$ 1 million in its LED street lamp production
lines. China Intelligent's LED street lamps are 72 lumens per
watt, as compared to peer companies' lamps that average 65 lumens
per watt.
About China Intelligent Lighting and Electronics,
Inc.
China Intelligent Lighting and Electronics, Inc. (NYSE Amex:
CIL) is a China-based company that
provides a full range of lighting solutions, including the design,
manufacture, sales and marketing of high-quality LED and other
lighting products for the household, commercial and outdoor
lighting industries in China and
internationally. The Company currently offers over 1,000 products
that include LEDs, long life fluorescent lights, ceiling lights,
metal halide lights, super electric transformers, grille spot
lights, down lights, and recessed and framed lighting.
www.hyundai-elc.com/english/
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: Certain of the statements made in the press
release constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements can be identified by the use of forward-looking
terminology such as "believe," "expect," "may," "will," "should,"
"project," "plan," "seek," "intend," or "anticipate" or the
negative thereof or comparable terminology. Such statements
typically involve risks and uncertainties and actual results could
differ materially from the expectations reflected in such
forward-looking statements as a result of a variety of factors,
including the Company's ability to generate sufficient revenue to
offset costs and expenses that include research and development;
collectability of trade receivables due to the Company by its
customers; the Company's ability to develop and market new
products; the Company's ability to extend the term of its Trademark
License Agreement to use the Hyundai™ trademark; the Company's
ability to accurately forecast amounts of supplies needed to meet
customer demand; the market acceptance of its products; exposure to
product liability and defect claims; fluctuations in the
availability of raw materials and components needed for the
Company's products; changes in the laws of the PRC that affect the
Company's operations; and the Company's ability to obtain all
necessary government certifications, approvals, and/or licenses to
conduct its business. New risk factors emerge from time to
time and the Company cannot predict all such risk factors, nor can
it assess the impact of all such risk factors on the Company's
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements.
For more
information, please contact:
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Investor
Relations:
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China Intelligent Lighting
and Electronics, Inc.
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Peter Zhu
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Tel:
+1-646-380-2453
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Taylor Rafferty,
US
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Delia Cannan, Investor
Relations
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Tel:
+1-212-889-4350
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Email:
ChinaIntelligentLighting@taylor-rafferty.com
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Taylor Rafferty, Hong
Kong
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Amy Cheng, Investor
Relations
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Tel:
+852-3196-3712
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Email:
ChinaIntelligentLighting@taylor-rafferty.com
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SOURCE China Intelligent Lighting and Electronics, Inc.