2013-01-07 23:32:35 -
Acuity Brands Acquires Adura Technologies, Inc., a Leading Developer
of Wireless Controls and Energy Management Solutions
ATLANTA - January 7, 2013 - Acuity Brands, Inc. (NYSE: AYI), a market leader in
innovative energy-efficient lighting and control solutions, today announced it
has acquired the assets of Adura Technologies, Inc. ("Adura"), a leading
developer of wireless controls and energy management solutions. Terms of the
acquisition were not disclosed.
Founded in 2005, San Francisco-based Adura has led the development of radio
frequency (RF) mesh networking technology that allows individual light fixtures
to communicate in a wireless
mesh network with switches, sensors and system
management software. The ZigBee® wireless standard-based technology enables
energy-saving control solutions while eliminating the cost of using wires to
network all of the devices in the system. Wireless controls technology improves
the economics and feasibility of installing lighting controls in a wide variety
of new construction and renovation projects.
"The addition of these Adura Technologies solutions continues the expansion of
the breadth and depth of our wireless lighting controls portfolio, which
includes nWifi(TM) technology, the ROAM® streetlight monitoring system and the
FIDO(TM) emergency monitoring system, and it further enhances our strategy of
integrated and intelligent lighting and controls solutions," said Vernon J.
Nagel, Chairman, President and Chief Executive Officer of Acuity Brands.
"Adura's simple to use wireless technology coupled with our broad luminaire
portfolio, Sensor Switch® occupancy sensors and Lighting Control & Design(TM)
(LC&D) system management software will allow for the creation of intelligent
lighting systems that are simple to use while generating greater energy savings
for our customers. We see wireless technology extending to almost all
applications, including parking garages, industrial locations, retail settings,
educational institutions, healthcare facilities and commercial office space."
Adura systems are currently installed in 7 million square feet of commercial
space, including 4 million square feet of covered parking facilities,
contributing to a documented lighting energy reduction in lighting system
renovations as high as 80%. According to U.S. Department of Energy figures,
there are estimated to be 36 million covered parking lighting fixtures in the
United States. New state and local energy codes being adopted based on updated
standards will require covered parking lighting to use occupancy-based, multi-
level lighting controls. Conversion of the installed base for covered parking
using a solution combining lighting fixtures and wireless controls equates to a
potential market opportunity valued between $15 and $20 billion.
The acquisition is not expected to materially impact Acuity Brands' fiscal 2013
consolidated financial performance.
For more information on Adura Technologies please visit www.aduratech.com or
About Acuity Brands
Acuity Brands, Inc. is a North American market leader and one of the world's
leading providers of lighting solutions for both indoor and outdoor
applications. With fiscal year 2012 net sales of over $1.9 billion, Acuity
Brands employs approximately 6,000 associates and is headquartered in Atlanta,
Georgia with operations throughout North America, and in Europe and Asia. The
company's lighting solutions are sold under various brands, including Lithonia
Lighting®, Holophane®, Peerless®, Gotham®, Mark Architectural Lighting(TM),
Winona® Lighting, Healthcare Lighting®, Hydrel®, American Electric Lighting®,
Carandini®, Antique Street Lamps(TM), Tersen®, Sunoptics®, Sensor Switch®,
Lighting Control & Design(TM), Synergy® Lighting Controls, Pathway
Connectivity(TM), Dark to Light®, ROAM®, RELOC® Wiring Solutions, and Acculamp®.
ZigBee is a trademark of the ZigBee® Alliance.
This release contains forward-looking statements, within the meaning of the
federal securities laws. Statements that may be considered forward-looking
included statements incorporating terms such as "will," "expects,"
"intends," "anticipates," "may," and similar terms that relate
to future events,
performance, or results of the Company. Specific forward-looking statements made
in this press release include the opportunities to create intelligent lighting
systems that are simple to use while generating greater energy savings as well
as the potential market opportunity valued at between $15 and $20 billion for
the conversion of the installed base for covered parking using a solution
combining lighting fixtures and wireless controls. Forward-looking statements
are subject to certain risks and uncertainties that could cause actual results
to differ materially from the expectations or projections expressed in the
forward-looking statements. These risks and uncertainties include, but are not
limited to, customer and supplier relationships and prices; competition; market
demand; and economic, political, governmental, and technological factors.
Further, forward-looking statements speak only as of the date they are made, and
management undertakes no obligation to update publicly any of them in light of
new information or future events.
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Source: Acuity Brands, Inc via Thomson Reuters ONE