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SavWatt USA, Inc. (SAVW) Enters Letter of Intent with Town of Bladensburg, MD

Shortly after today’s opening bell, SavWatt USA, Inc., pioneers in LED lighting and the Green revolution, announced that The Town of Bladensburg has signed a letter of intent to partner with the company for the implementation and build out of the Town’s Green Street efforts.

According to the press release, this partnership is anticipated to result in the installation of a number of LED lights along the Town’s Green Street as well as possible other locations, significantly enhancing the current lighting in the area while reducing the overall operating cost by about 50%.

Walters L. James, Jr., Mayfor of Bladensburg, stated, “The Town of Bladensburg strongly believes that our community’s futures rests equally upon the fulcrum of the desire for increased economic development and thereby the creation of jobs, along with the responsibility to preserve and protect our local environment. It is with pleasure that we found a partner in SAV-WATT USA, Inc. who exemplifies our values and commitment to both aspects. Although all aspects and/ or projects of this partnership are not fully formalized, we have great hopes and expectations to expand upon and announce further commitments and projects with SAV-WATT USA, Inc. in the near future.”

For a copy of the Letter of Intent, visit the following link:

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