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Revolution Lighting Technologies, Inc. Message Board

  • fisk007 fisk007 Apr 1, 2013 9:43 AM Flag

    L-3 Founder?

    On of the L-3 Founders has invested $11 Million here with another $5 Million recently from Great American Insurance?

    What is going on here? Also...why is CREE exploding up over the last month or two in the same sector?

    Is the LED revolution about to go hockey stick?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • bump

    • So in September 2012 Lapenta basically took over Nexxus Lighting to create this company. He has subsequently invested more $$$ along with Institutional Investor Great American Insurance and then acquired Seesmart in January.

      From the Company regarding their recent acquisition:

      "We believe this combination makes Seesmart's value proposition unique in the LED lighting market. Seesmart's pipeline of potential projects currently exceed $1 billion and include large school districts, commercial office and retail buildings, industrial facilities, and government buildings." wow.

      "We are very pleased to have Seesmart become a Revolution Lighting Technologies company. With their superior service, their unique and extensive distributor network, and their large pipeline of business prospects, we expect Seesmart to grow rapidly and be profitable in 2013 and beyond," said Robert V. LaPenta, Chairman of Revolution.

      wow.

      Would have to guess these guys will do 2-3 similar deals over the next year or so. The historical financial data is seemingly meaningless in a roll up strategy.

      Would guess they are looking to be a $50+ Million revenue company by year end 2013.

      • 2 Replies to fisk007
      • Bump...
        nice to highlight this LaPenta quote again:
        "We believe this combination makes Seesmart's value proposition unique in the LED lighting market. Seesmart's pipeline of potential projects currently exceed $1 billion and include large school districts, commercial office and retail buildings, industrial facilities, and government buildings."

        RVLT aims to claim a billion in market share!

      • Any near term news / guidance for 2013 revenue of $25 to $30 Million SHOULD be a positive.

        Above $35 Million would probably be viewed as very strong.

        Above $40 Million would be EXTREMELY bullish.

        ALL NEW COMPANY so who knows. Really unknown revenue level expectations.

    • So this guy was one of the original founders of L-3...an $8 Billion Company today?

      Also...it looks as though he started L-1 Identity and sold if to Safran.

      He has a rollup strategy.

      This from an article a few years back on L-1: "L-3 Communications Co-Founder Robert V. LaPenta Forms New Biometrics Investment Firm"

      "Today the industry consists of hundreds of small entrepreneurial companies, typically undercapitalized and undermanaged," said LaPenta. "Our goal is to acquire well-positioned companies, then provide capital and management to build them into world-class companies that grow with the expanding global use of biometrics. Over the longer term, our vision is to consolidate these businesses into a leadership position in the biometrics sector," he said.

      Change the word "Biometric" to "LED Lighting" in the above and you may see his exact strategy here.

 
RVLT
2.13+0.01(+0.47%)10:38 AMEDT

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