NEW YORK, NY--(Marketwire -01/13/12)- TBSS International, Inc. (OTCQB: TBSS.OB - News) (OTC.BB: TBSS.OB - News) has recently announced that they have acquired certain assets of Velella International Lighting, Inc. which included the life of patent rights to Velella's energy-efficient neon lighting technology (patent # 6,471,369), three facilities, inventory valued at $4 million and the order backlog of $3.2 million.
TBSS International has worked with a number of Fortune 500 companies requiring an emphasis on environmentally sound practices, in addition to smaller companies operating domestically and internationally. TBSS fulfilled a contract from Con Edison (NYSE: ED - News) to reduce energy consumption by 30% throughout the Tri-state area of New York, Connecticut and New Jersey. TBSS International's network of industry professionals designed and implemented a more energy efficient fluorescent lighting system which surpassed expectations by reducing overall power consumption by 60%. Another client, Coca Cola and Company (NYSE: KO - News), used TBSS International to increase production at a bottling facility in Maspeth, New York.
Companies worldwide are aiming to reduce energy consumption and emissions from their facilities. Recently, Verizon (NYSE: VZ - News) has significantly reduced energy consumption and carbon emissions at 24 of its U.S. data centers.
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.
There are no comments yet