TUSTIN, CA - December 18, 2013 - Premier Holding Corporation (OTCQB: PRHL) today announced that its patent licensee, Muni-Fed Energy has selected Probe Manufacturing of Irvine California to build its proprietary E-Series and LiteOwl products. "These exceptional energy saving devices for industrial lights will be made in America with the highest quality standards and at impressively competitive costs," said Clay Sandidge, President of Muni-Fed Energy.
Probe will begin immediately on the LiteOwl, the award winning product designed to save energy for existing streetlights, then move on to the E-Series and its 5 versions, as well as a custom build kitted unit specifically to save energy for high mast, high wattage HID lamps on poles, such as are found in ports and rail yards.
"The decision to go with Probe was an easy one," said Phil Bowman, CEO of Muni-Fed Energy. "After seeing their facility, the clientele, and their business model, there are synergies in every area of our businesses making this more than a client relationship, we truly act as partners."
Kam Mahdi, CEO of Probe Manufacturing added, "Our unique business model is perfect for these products, and bringing manufacturing back to the United States is an obvious decision that will not only benefit Muni-Fed Energy and Probe, but ultimately, their clients who will receive a top quality product at competitive prices."
"We are thrilled about this agreement," said Randall Letcavage, President and CEO of Premier. "We brought Probe to Muni-Fed Energy for their consideration, and we could not be happier that the two companies formed such a beneficial relationship. Everyone stands to benefit from it."
The E-Series technology is the perfect efficiency solution for those clients who have high-bay, or high-mast HID lights, where HID is currently the most efficient lamp on a lumens per watt basis in these applications, and a practical cost-effective alternative to LED. This technology makes these efficient lamps even more efficient at a fraction of the cost of LED. It simply connects in front of a bank of HID lamps creating serious savings without negatively effecting performance.
Premier Holding Corp. Safe Harbor
This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
About Premier Holding Corporation
The Company provides financial support and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. The Company's mission is to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated and utilize the overall economics of such products and services for the benefit of its customers. Through subsidiaries we offer renewable energy production, energy efficiency products and services to commercial middle-market companies, Fortune 500 brands, developers and management companies of large-scale residential developments. Additional integrated business offerings include direct energy services as power purchase agreements (PPAs), energy financing and leasing of generation programs in urban and rural real estate environments, lighting efficiency systems and refrigeration systems. For more information visit PRHL Investors Relations: www.prhlcorp.com.
About Muni-Fed Energy
Muni-Fed Energy engages in renewable energy development (solar, wind, waste to energy) energy efficiency integration, consulting and financing. The company serves federal, municipal and commercial clients. Its team's experience and diverse capabilities allows them to take on challenging projects in a variety of locations ranging from commercial sites, hospitals, schools, universities and government facilities to utility-grade clean energy projects. Muni-Fed works as a comprehensive partner to its clients, from project discovery all the way through to finance and development. They align with strategic partners to deliver effective technologies and services to address energy supply, energy demand, infrastructure and financing solutions. www.munifedenergy.com
About Probe Manufacturing
Probe Manufacturing is a Global Electronics Design & Manufacturing Services Company providing Original Equipment Manufacturers with electronics manufacturing services through its domestic factories in the United States. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense, alternative energy, and telecommunication industries since 1994. Probe's common stock is traded on the OTC Market QB under the symbol PMFI. Further information is available on Probe's website: www.probeglobal.com.
For more information contact:
Green Arrow Consulting
SOURCE: Premier Holding Corporation