SOLON, Ohio, May 11, 2011 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (Nasdaq:EFOI), a global leader in energy-efficient lighting technologies, announced that it received the ASTRUM Award, presented by MDB Capital Group at the second annual Bright Lights Conference at the Le Meridien Hotel in New York City. The Bright Lights Conference is the only conference with an exclusive focus on publicly-traded companies possessing disruptive and market changing IP, providing institutional investors with a venue to discover the largely unrecognized value of embedded IP.
" Energy Focus, Inc. stood out as the top company in its industry with the highest Patent Application CAGR and the highest number of patent applications on file, adjusted for Application Conversion Rate, and we are honored to recognize their achievements in driving IP as an asset class and the impact they are making on innovation in America," commented Christopher A. Marlett, CEO of MDB Capital Group.
Energy Focus, Inc. was selected from MDB's 2011 group of "Best and Brightest" small-cap companies, a group that is advancing some of today's most innovative and market-leading intellectual property (IP) and advanced as one of the 40 public companies ranking in the 90th percentile for its respective technology leadership from more than 1,500 small-cap companies with granted U.S. patents, as rated by PatentVest, MDB's proprietary IP business intelligence platform. Energy Focus, Inc. was recognized for its innovation leadership measured by the highest Patent Application CAGR and number of patent applications on file and adjusted for Application Conversion Rate.
Joe Kaveski, CEO of Energy Focus, Inc: "We are pleased and honored to receive the ASTRUM Award. And we are grateful to the U.S. Government for providing numerous grants that were instrumental in funding IntelliTube™, our game-changing energy efficient LED lighting technology and the VHESC program which has led to the development of the world's highest efficiency solar cell technology. We'd also like to acknowledge and thank our world class technology team for their tremendous efforts in bringing these technologies to fruition."
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products and turnkey energy efficient lighting solutions, holding 74 relevant lighting patents. Our solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government includes numerous research and development projects for the DOE and DARPA, creating energy efficient LED lighting systems for the U.S. Navy fleet and the next generation Very High Efficiency Solar Cell. Customers include supermarket chains, the U.S. government, state and local governmental agencies, retail stores, museums, theme parks and casinos, hotels, swimming pool builders and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, Pleasanton, CA, and the United Kingdom. For more information, see .
The Energy Focus, Inc. logo is available at
About MDB Capital Group
MDB Capital Group, LLC is an institutional research and investment banking firm focusing exclusively on small and micro-cap companies possessing market changing, disruptive intellectual property. For more information on MDB Capital Group, visit:
About PatentVest
PatentVest® is a proprietary intellectual property (IP) business intelligence platform developed by MDB Capital Group. PatentVest quantifies the appropriate valuation of IP and enables the emergence of IP as an investible asset class. For more information on PatentVest please visit:
DISCLAIMER
Past performance is not a guarantee of future results. MDB Capital Group, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this press release. For important disclosure information regarding the covered companies in this press release, please contact: The Director of Research at (310) 526-5000 or write to: MDB Capital Group, LLC, Attention: Director of Research, 401 Wilshire Blvd., Suite 1020, Santa Monica, CA 90401.
CONTACT: Bright Lights Press Contact: Wendy Prabhu 1.512.215.4452 mdb@mercomcapital.com Energy Focus Inc. Media Contact: Public Relations Office (440) 715-1295 pr@energyfocusinc.com Energy Focus Inc., Investor Contact: Brion Tanous CleanTech IR, Inc. 310-541-6824 btanous@CleanTech-ir.com
