Southern Indiana Company Hosts Governor Mitch Daniels, Indiana Economic Development Corp.

PRESS RELEASE:

Stray Light’s LEP™ Fixtures Bring Big Energy Savings to Diverse Customers

Scottsburg, IN — The remarkable growth of Stray Light Optical Technologies, Inc. brought Indiana Governor Mitch Daniels and the Indiana Economic Development Corporation (IEDC) board of directors to the company’s headquarters today.

The IEDC has invested in the southern Indiana plasma lighting fixture company through its 21st Century Fund in order to accelerate job creation in the region.

Governor Daniels and Stray Light CEO, Gerald Rea in the center

With its patented fixtures, Stray Light has commercialized Light Emitting Plasma™ (LEP), providing an energy efficient, cost effective, high intensity lighting alternative that has resulted in business with a range of high profile customers such as General Motors, Paramount Studios, Disney, Boeing, and NASA ,as well as the Indiana National Guard, Indiana Department of Transportation, and cities of Seattle, Indianapolis and Toronto.

At its public meeting, the IEDC board of directors, which is chaired by Daniels, received an update from Stray Light CEO Gerald Rea on the company’s recent sales and targeted growth sectors.

Rea’s update focused on the transportation, defense and grow industries. Lighting projects using the company’s Tesla roadway lights are underway with both the Indiana and Michigan Departments of Transportation.

“The various projects provide customers with sustained annual savings of 40% to 60% in maintenance and energy costs and an estimated 2-4 year return on investment.” said Rea

As the Department of Defense and other federal departments look to curb energy costs, Rea also sees great potential in the defense and diplomacy sector, among others. Stray Light is currently re-lamping all exterior lighting at two Indiana National Guard facilities: Camp Atterbury and Muscatatuck Urban Training Center, where more than 750 roadway and hi-bay lights are being installed.

“This installation will serve as a prototype for military and other federal facilities world-wide,” Rea said.

Rea is also looking to the large Canadian grow lighting greenhouse market, where Stray Light LEP™ products would yield 1-2 additional crops per season. Stray Light is also negotiating with grow light distributors to provide the product across North America.

“Our future is bright and we appreciate the investment the IEDC and others made to help us realize these opportunities – so we can maintain our rapid growth and add more jobs” said Rea.