TUSTIN, CA — (Marketwired) — 07/22/13 — Premier Holding Corp. (OTCQB: PRHL) (the “Company”) today announced that Muni-Fed Energy, Inc. (“Muni-Fed”), in accordance with its manufacturing and reseller–s agreement announced in November 2012, has entered into a lease agreement with the City of Moreno Valley, for 178 of Energy Efficiency Expert–s (“E3”) E-Series modules and its award-winning LiteOwl energy savings device specifically designed for Streetlights. The LiteOwl will be implemented throughout 1,300 of the city–s streetlights.
Randall Letcavage, CEO of Premier Holding Corp., said, “We are extremely pleased to see that our partnership with Muni-Fed is producing tremendous results in the municipal market channel. We estimate that there are 35 million streetlights in the U.S. that are a great fit for LiteOwl, and through Muni-Fed–s efforts, advocacy and support, we expect to become a leading player in this billion dollar-plus market.”
Premier–s E3 Technology is the basis for some of the most energy-efficient lighting control products within the industry for existing HID lamps, providing reliable, cost-effective solutions, with a typical 25 percent (plus) energy savings. The products based on this technology include the E-Series (energy conservation modules for commercial and industrial buildings, high bay indoor and high mast outdoor lighting), LiteHawk (energy saving lighting controls for strings of street lights, parking lot lights and lighted outdoor media signage) and LiteOwl (energy saving lighting controls for an individual street light with a standard photocell). These products allow lighting users to enjoy significant reductions in their energy consumption without the high degree of complexity, cost and risk often associated with new and ever-changing lighting retrofit strategies. Making some of the most efficient lamps in the world even more efficient, these lighting controls are elegant upgrades to existing lighting systems.
Phil Bowman, President and CEO of Muni-Fed Energy, said, “We are pleased to provide a great solution for our friends at the City of Moreno Valley. Of all the products we offer, these two products from E3 were a perfect prescription for this city. The low product cost, high reliability and decades long useful life allows the city to prudently evaluate the wave of new lighting efficiency technology while immediately reducing 25% of its energy consumption.”
About Premier Holding Corp.
The Company provides financial oversight and management expertise (which includes green building solutions, clean tech, energy efficiency) and access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. The Company also intends to acquire clean technology companies and/or green products and services that are accretive, which can be seamlessly integrated, and utilize the overall economics of such products and services for the benefit of its customers. Through subsidiaries and/or divisions, we offer renewable energy production, energy efficiency products and services to commercial middle-market companies, Fortune 500 brands, developers and management companies of large-scale residential developments. Additional integrated business offerings include direct energy services as power purchase agreements (PPAs), energy financing and leasing of solar- and wind-powered generation programs in urban and rural real estate environments, lighting efficiency systems and refrigeration systems.
About Muni-Fed Energy, Inc.
Muni-Fed Energy engages in renewable energy development (solar, wind, waste to energy) energy efficiency integration, consulting and financing. The company serves federal, municipal and commercial clients. Its team–s experience and diverse capabilities allows them to take on challenging projects in a variety of locations ranging from commercial sites, hospitals, schools, universities and government facilities to utility-grade clean energy projects. Muni-Fed works as a comprehensive partner to its clients, from project discovery all the way through to finance and development. They align with strategic partners to deliver effective technologies and services to address energy supply, energy demand, infrastructure and financing solutions.
Premier Holding Corp. Safe Harbor
This press release contains certain statements that may include “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipate,” “optimistic,” “intend,” “will” or other similar expressions. The Company–s actual results could differ materially from those anticipated in these forward- looking statements as a result of a variety of factors, including those discussed in the Company–s periodic reports that are filed with the Securities and Exchange Commission and available on its website at . All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
Todd M. Pitcher
Aspire Clean Tech Communications, Inc.
760-203-4922