Wednesday, December 15, 2010

Dialight Partners with SME Eurofinance to offer financing for energy-efficient LED lighting upgrades

Flexible financing plans help organisations achieve more immediate energy and cost savings as well as reduced carbon emissions

Newmarket, UK (14 December 2010)— Dialight (LSE: DIA.L) announced today that it has partnered with SME Eurofinance Group plc, asset finance and equipment finance specialists, to extend affordable and flexible leasing and lending options to customers looking to upgrade their existing lighting fixtures to Dialight’s high-efficiency, long-life LED lighting solutions.

“The reality is that financing options are becoming a critical component of many LED upgrade projects,” said Roy Burton, group chief executive at Dialight, the innovative global leader in LED lighting technology. “Working with SME Eurofinance we can help our customers by funding assets over their useful economic life and thereby protect valuable working capital for more productive purposes.”

While actual savings may vary based on a number of factors, customers can save up to 70% in energy costs with LEDs versus traditional metal halide lighting (benchmarked against a 400W fitting). Taking a capital investment of £100,000 over a 60 month term, the estimated monthly cost of £2107 is readily offset against the monthly energy and maintenance costs.

“Simply put, postponing a lighting retrofit at this point is a waste of money,” Burton said. “With partners like Dialight and SME Eurofinance to guide our customers through the product and financing options, they will have few, if any, hurdles to both an improved lighting system and significant financial gain.”

As part of the program SME Eurofinance set up a dedicated telephone line branded ‘Dialight Finance’ that will offer a wide range of flexible financing terms to meet the needs of businesses planning to retrofit any facility with Dialight’s ultra-energy efficient and low-maintenance LED fixtures. With 100 percent financing available up to a total value of £500,000 and early buy-out options, Dialight customers can take advantage of three- to five-year terms with affordable, direct funding from an independent commercial finance specialist backed by Lloyds with competitive rates and transaction fees.

“Achieving more efficient and sustainable operations has become a key factor in overall business success today,” said Graham Moorcraft of SME Eurofinance. “We’re very pleased to partner with Dialight to make it easier and more affordable for their customers to see a more immediate return on their investment in Dialight’s proven, low-maintenance LED technology.”

Dialight’s advanced LED lighting solutions for high-bay, hazardous location and exterior lighting applications are the most energy efficient and reliable fixtures on the market. Every unit is backed by at least a five-year warranty to ensure safe, dependable, high-quality lighting with virtually no maintenance and a much lower total cost of ownership versus traditional commercial or industrial lighting.

For more information on this please call Dialight Finance on +44 208 652 2947.