SavWatt USA Inc. (SAVW) installs Eco-Pole, shares climb skyward

Posted on: Tuesday, July 5th, 2011
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SavWatt USA Inc. (OTCBB: SAVW) shares climbed 28% Tuesday to 32-100ths of a cent, a day after the company announced the installation an Eco-Pole in the nation’s capital. Volume for the stock topped 60.4 million shares.

A press release on July 5 revealed that the Baltimore-based company installed the Eco-Pole on June 29 in front of the Department of Transportation building at 55 M Street, Washington, D.C. The Eco-Pole, a 60-watt LED streetlight powered by wind and sun energy, is completely self-energizing. The Eco-Pole is not connected to the energy grid, representing the first city streetlight that is green, utilizes zero electricity, and is built in America.

The same release quoted Martin Gerber, VP of Marketing and a founder of the company, as saying, “SavWatt’s strategic installation in Washington, D.C. gives our Eco-Pole the spotlight it deserves, as we are now fielding requests from around the world.

“This initiative represents how Americans can innovate and deliver products that meet the needs of environmental stewardship, competitive pricing, and American job creation.”

SavWatt claims to be leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. SavWatt is a market-leading innovator of LED lighting.

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Category: OTCBB, Penny Stocks
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