TCP, Inc. Responds to Adoption of Federal Energy Bill with Third Boost to Production of Energy Saving Light Bulbs This Year
World's largest manufacturer of energy efficient light bulbs increases manufacturing capacity to 1.4 million bulbs per day
Aurora, OH - (December 20, 2007) - TCP, Inc., the world's largest manufacturer of energy saving light bulbs, announced today that it is boosting production of its energy efficient light bulbs for the third time in nine months, from 1.1 million to 1.4 million bulbs per day to meet increased consumer demand. The announcement comes in the wake of President Bush signing the federal energy bill, which requires stricter energy efficiency guidelines for lighting and the phaseout of the traditional incandescent light bulb between 2012 and 2014. The new law is expected to save consumers an estimated $13 billion a year in electrical costs.
"As a company rooted in energy conservation, every product we manufacture has always provided an energy efficient alternative for consumers and businesses looking to save money and protect the environment," said Ellis Yan, CEO, TCP, Inc. "We applaud the federal government's decision to ban the old-fashioned light bulb, a move that will help Americans today and generations from now live more sustainable lifestyles."
TCP manufactures 70 percent of the compact fluorescent lamps (CFLs) on the market through a variety of name brand, private label and other lighting manufacturers (OLMs), including n:vision at The Home Depot. Its energy saving lighting bulbs use 75% less energy than incandescent light bulbs and last an average of ten times longer. Consumers switching to CFLs can reduce their carbon dioxide emissions by more than 450 pounds and see an energy savings of $30 to $108 over the life of the bulb. TCP estimates the light bulbs it produces accounts for a reduction in greenhouse gas emissions by more than 50,000 tons per day.
"We have developed an energy saving light bulb that is brighter, longer lasting and more energy efficient than ever before, outperforming the old-fashioned incandescent light bulb in every aspect," said Ellis Yan, CEO, TCP, Inc. "The passing of this legislation is an important milestone in our efforts to educate consumers on the immediate cost-saving and environmental benefits associated with simply switching a light bulb."
Beyond CFLs, TCP is taking a leadership role in the development of energy efficient LED products. It currently offers a variety of LED options for the commercial and industrial markets, including accent lighting and high and low bay lighting systems for cold storage applications.
TCP Inc., headquartered in Aurora, Ohio, drives lighting innovation for commercial, industrial and residential applications. As the leader in energy efficient lighting, TCP manufactures the most compact fluorescent lamps in the industry, offers one of the largest number of ENERGY STAR approved products and distributes them throughout North America and abroad. In 2006, TCP sales totaled $152 million. The company's extensive product line includes compact fluorescent lamps, cold cathode, linear and high bay systems, exit and emergency lighting, HID, energy efficient fixtures, and LED lighting products/solutions.
For more information, visit us at www.tcpi.com or call (800) 324-1496.
