Renewable Energy & Power, Inc. (OTC Pink: RBNW) is engaged as a lighting innovation company. Shares of the renewable energy company jumped 50% on Wednesday, April 4, 2018. Over the past month, Renewable Energy & Power, Inc. has seen average daily volume of 18.01 million shares. However, volume of 85.1 million shares or dollar volume of $25,530, exchanged hands during trading on Wednesday.
Shares of Renewable Energy & Power, Inc. surged today after the company recently announced it has filed a provisional patent for its LED Sterilization Panel Light. The proprietary lighting product allows consumers to enjoy cost saves of LED, while utilizing an Ultaviolet Germicidal Irradiation (UVGI) to kill pathogens in the air. Here is the full press release detailing of the provisional patent and marketing plan for the product:
Renewable Energy & Power, Inc. Press Release:
Las Vegas, NV, April 03, 2018 (GLOBE NEWSWIRE) — Renewable Energy & Power (OTC: RBNW), a U.S.-based lighting innovation company, today announced its filing of a provisional patent for a unique LED Sterilization Panel Light intended as a low cost alternative to free standing and other types.
The panel lights combine the benefits of cost saving LED lighting with Ultraviolet Germicidal Irradiation (UVGI) which safely cleanses the air of pathogens while providing high savings, energy efficient illumination.
Clean air is delivered when ambient air is drawn into the ceiling troffer by means of a nearly silent fan and passed before a commercial sterilizing UVGI light and a HEPA filter before being circulated back into the room.
Growing Need for Air Purification
Due to rising levels of global air pollution, a burgeoning global vehicle fleet and increasing incidence of respiratory disease, demand for innovative air purification is growing, expected to exceed $29 billion by 2021 according to recent TechSci Report.
Lighting Integration Advantages
There exist numerous advantages to overhead UVGI that do not radically increase the cost of the lights.
The footprint of unintegrated, free standing models is eliminated allowing the efficient use of overhead space to perform the critical function.
A higher clean air delivery rate (CADR) can result from numerous instead of a single, ambient air cleaning standalone unit.
Of course the integration of lighting and UVGI function is designed to reduce the combined cost of the two, critical in industrial and commercial applications.
Marketing Plan
While initial market focus will be on the 300,000 facility strong healthcare sector – doctors, dental, pharma – the marketing plan includes hospitality, institutional and consumer sectors.
Near term milestones are submission of applications and subsequent granting of official certification by UL and DesignLights Consortium (DLC) for eligibility in state and utility energy efficiency rebate programs.
“With this patent filing we inexpensively put our flag in the ground to claim ownership of an innovation with great disruptive potential in the field of lighting,” said company CEO Donald MacIntyre. “We plan to leverage this unique value-add to accelerate market share in higher value markets.”
About Renewable Energy & Power
REAP seeks to make the Green Energy market cost competitive with fossil fuels through innovation in solar, wind-power electric generation 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
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