WELLAND, ONTARIO — (Marketwire) — 01/13/12 — Editors Note: There is a photo associated with this release.
CRS Electronics Inc. (“CRS” or the “Company”) (TSX VENTURE: LED)(OTCQX: LEDCF), a developer and manufacturer of LED lighting, is pleased to announce that Canadian Tire Corporation, Limited (“Canadian Tire”) will be the first major retailer in North America to launch the Energizer® branded line of LED lighting products manufactured exclusively by CRS. The originally announced agreement in August, 2011 did not disclose Canadian Tire as the customer.
“The Energizer line of LED lights will compliment Canadian Tire-s sustainability initiative and we now supply consumers with more than 1,000 environmentally innovative products and solutions,” said T.J. Flood, Canadian Tire-s Vice-president of Merchandise for the Living Division. “Energizer LED lighting products are manufactured in Canada and live up to the highest quality and reliability standards expected by our customers.”
Under terms of the agreement, CRS will supply a range of Energizer LED lighting products including the A19, MR16, GU10 and a variety of PAR lights (typically referred to as “pot lights”). Canadian Tire has committed to showcasing the Energizer lights in creative and attention-getting merchandisers designed to educate consumers on the benefits of LED lighting in their homes throughout Canadian Tire locations. Products are scheduled to be available in stores mid-January 2012.
“We are excited to begin selling the high quality Energizer branded LED lights in Canadian Tire stores for homeowners to enjoy their numerous benefits,” said Scott Riesebosch, President of CRS Electronics. “Canadian Tire is a significant retail partner, which will greatly assist us as we continue to expand our North American retail base.”
About Canadian Tire Corporation, Limited
Canadian Tire Corporation, Limited is one of Canada-s most-shopped general retailers, offering everyday products and services to Canadians through more than 1,200 retail and gasoline outlets from coast-to-coast. Canadian Tire-s primary retail business categories – Automotive, Living, Fixing, Playing and Apparel – are supported and strengthened by its Financial Services division, which offers such products and services as credit cards, in-store financing, product warranties, and insurance. Nearly 57,000 people are employed across the Canadian Tire enterprise, which was founded in 1922 and remains one of Canada-s most recognized and trusted brands.
About Energizer
Energizer Holdings, Inc. (NYSE: ENR), headquartered in St. Louis, Mo., is one of the world-s largest manufacturers of primary batteries and portable flashlights and lanterns. Energizer is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer® brand battery products Energizer® MAX® premium alkaline; Energizer® Ultimate Lithium; Energizer® Advanced Lithium; Rechargeable batteries and charging systems; and portable flashlights and lanterns.
Energizer continues to fulfill its role as a technology innovator by redefining portable power solutions to meet people-s active lifestyle needs for today and tomorrow with Energizer® Energi To Go® chargers for rechargeable portable devices; charging systems for wireless video game controllers; and specialty batteries for hearing aids, health and fitness devices, as well as for keyless remote entry systems, toys and watches. Energizer is redefining where energy, technology and freedom meet to bring to market consumer-focused products that power the essential devices that help people stay connected and on the go at work and at play. Visit , or .
About CRS
CRS Electronics Inc., a Lighting Facts partner, is a leader in the emerging, rapidly-growing market of high efficiency light-emitting-diode (“LED”), or, solid state lighting (“SSL”). The principal activities of CRS include the development, manufacture and sale, primarily in North America, of indoor lighting such as LED replacement lamps, exterior LED warning lights on school buses, child safety systems for school buses and contract manufacturing of LED circuit boards. CRS plans to be a major supplier of LED lighting solutions for a variety of applications to be developed by CRS on its own and in conjunction with its customers. CRS recently signed a license agreement with Eveready Battery Company Inc., a subsidiary of Energizer Holdings Inc., for CRS to manufacture a range of LED lighting products under the brand name Energizer®. The CRS LED product line includes the MR16, GU10, PAR 20, PAR 30, PAR 38 and A19. Future products developed by CRS may also be considered by Energizer. © 2011 Energizer. Energizer, Energizer bunny design and related graphics are trademarks of Eveready Battery Company, Inc. and are used by CRS Electronics Inc. All other brand names are trademarks of their respective owners. Neither CRS Electronics Inc. nor Eveready Battery Company, Inc. is affiliated with the respective owners of their trademarks.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws which can be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other CRS filings, and include availability of sufficient working capital for development and operations, availability of a qualified work force, availability of manufacturing equipment and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other CRS filings at and other unforeseen events or circumstances. Other than as required by law, CRS does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.
To view the photo associated with this press release, please visit the following link: .
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Contacts:
CRS Electronics Inc.
Debbie Bamforth
Corporate Communications
905-599-3322
CRS Electronics Inc.
Al Hussey
Chief Operating Officer
905-788-9039
You must be logged in to post a comment Login