(RVLT) Enters Into Strategic Distribution Partnership with Fastenal
Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) (“Revolution Lighting”), a global provider of advanced LED lighting solutions, announced today that it has entered into a strategic distribution partnership with the Fastenal Company. Fastenal is one of the largest MRO (Maintenance, Repair and Operations) suppliers. Under the terms, through its U.S. stores and distribution centers, Fastenal will stock and make available a variety of Revolution Lighting Technologies’ LED products.
“We are very excited about the opportunity to work with Fastenal and confident our pure play LED product offering, along with our exclusive sales network, will be a valued asset in securing LED lighting retrofit projects with Fastenal’s extensive customer base,” said Vincent Alonzi, VP of Network Sales, Revolution Lighting Technologies.
“We are looking forward to having Revolution Lighting support our customers with their superior energy efficient LED products,” said Jamey Koehler, Director of Lighting, Fastenal.
“The Fastenal partnership is well aligned with Revolution Lighting’s strategic growth plan. This relationship provides Fastenal with access to our expansive LED product line, in addition to a world-class service and support infrastructure. Revolution Lighting gains a market leading partner that will facilitate our entry into the large MRO marketplace. We believe as this relationship continues to develop, it has the potential to contribute positively to our financial performance.” said Robert V. LaPenta, Chairman and Chief Executive Officer, Revolution Lighting Technologies.
About Revolution Lighting Technologies Inc.
Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of light emitting diode (LED) lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced technology and aggressive new product development, Revolution Lighting has created an innovative, multi-brand, lighting company that offers a comprehensive advanced product platform. The company goes to market through its Seesmart brand, which designs, engineers and manufactures an extensive line of high-quality interior and exterior LED lamps and fixtures; Lighting Integration Technologies Inc., which sells and installs Seesmart products; Lumificient, which supplies LED illumination for the signage industry; Relume Technologies, a leading manufacturer of outdoor LED products; and Sentinel, a revolutionary patented and licensed monitoring and smart grid control system for outdoor lighting applications. Revolution Lighting Technologies markets and distributes its product through a network of independent sales representatives and distributors, as well as through energy savings companies, national accounts and its wholly owned subsidiary, Value Lighting, a leading supplier of lighting solutions to the multifamily residential housing sector and new construction marketplace across the U.S. Revolution Lighting Technologies trades on the NASDAQ under the ticker RVLT. For additional information, please visit: www.rvlti.com.
About Fastenal Company
Fastenal sells different types of industrial and construction supplies in the following product categories: threaded fasteners and miscellaneous supplies; tools; metal cutting tool blades and abrasives; fluid transfer components and accessories for hydraulic and pneumatic power; material handling; storage and packaging products; janitorial, chemical and paint products; electrical supplies; welding supplies; safety supplies; metals, alloys and materials; and office supplies.
Fastenal operates approximately 2,700 stores located primarily in North America with additional locations in Asia, Europe, Central and South America, and Africa. The Company operates 14 distribution centers; eleven in the United States – Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina, Kansas, and three outside the United States – Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico. Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com.
ICR
Anton Nicholas / Cory Ziskind, 203-682-8200
Anton.Nicholas@icrinc.com / Cory.Ziskind@icrinc.com
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