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Posted On: 04/30/2018 12:11:12 PM
Post# of 36
Renewable Energy and Power Completes Energy Efficient Lighting Installation in California Affordable Housing Project
LAS VEGAS, NV, April 30, 2018 (GLOBE NEWSWIRE) -- Renewable Energy and Power (OTC:RBNW, or “REAP”), an LED lighting solutions company, today announced its completion of an energy efficient LED lighting contract in Stargell Commons in Alameda, California.
The state-of-the-art LED lighting featured directional control designed and manufactured by RBNW subsidiary, LED Lites USA, that eliminates scattered glare, providing outdoor areas with pleasing light while making the areas safer for residents.
This, in addition to the lower energy consumption and reduced maintenance, will significantly reduces long-term costs.
The 32 affordable housing apartments are on land deeded to the city of Alameda by master developer, Catellus, as part of its redevelopment of 218 acres within the former Alameda Naval Air Station. In all, more than 20 percent of the project’s 890 units will be affordable.
All 32 units are available to families who earn 30-60 percent of the Area Median Income. Alameda’s Housing Authority provided $2 million toward the project.
“It’s gratifying be part of this revitalization project in the City of Alameda, a key Bay area location,” noted CEO Don MacIntyre. “This was a project where we were able to provide added value with our smart design.”
About Renewable Energy and Power
REAP seeks to make the Green Energy market cost competitive with fossil fuels through innovation in solar, wind-power and LED lighting. Federal and state legislation in the United States provide for tax incentives that drive businesses and consumers to replace older technologies with new solar and LED alternatives of the types offered by REAP. www.reappower.com
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
LAS VEGAS, NV, April 30, 2018 (GLOBE NEWSWIRE) -- Renewable Energy and Power (OTC:RBNW, or “REAP”), an LED lighting solutions company, today announced its completion of an energy efficient LED lighting contract in Stargell Commons in Alameda, California.
The state-of-the-art LED lighting featured directional control designed and manufactured by RBNW subsidiary, LED Lites USA, that eliminates scattered glare, providing outdoor areas with pleasing light while making the areas safer for residents.
This, in addition to the lower energy consumption and reduced maintenance, will significantly reduces long-term costs.
The 32 affordable housing apartments are on land deeded to the city of Alameda by master developer, Catellus, as part of its redevelopment of 218 acres within the former Alameda Naval Air Station. In all, more than 20 percent of the project’s 890 units will be affordable.
All 32 units are available to families who earn 30-60 percent of the Area Median Income. Alameda’s Housing Authority provided $2 million toward the project.
“It’s gratifying be part of this revitalization project in the City of Alameda, a key Bay area location,” noted CEO Don MacIntyre. “This was a project where we were able to provide added value with our smart design.”
About Renewable Energy and Power
REAP seeks to make the Green Energy market cost competitive with fossil fuels through innovation in solar, wind-power and LED lighting. Federal and state legislation in the United States provide for tax incentives that drive businesses and consumers to replace older technologies with new solar and LED alternatives of the types offered by REAP. www.reappower.com
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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