FOR IMMEDIATE RELEASE
Press Contacts:
Aprille Newton
SYNCHRONEX
408-275-8392
anewton@synchronex-usa.comJose Alire
City of Fountain Valley
714-593-4517CITY OF FOUNTAIN VALLEY AND SYNCHRONEX PARTNER
FOR ENERGY SAVINGS
Fountain Valley first to participate in statewide LED rebate program
SAN JOSE, Calif.—November 7, 2000—SYNCHRONEX, California’s leading provider of light emitting diode (LED) traffic control products, today announced the City of Fountain Valley as its first participant with Southern California Edison in the California LED Traffic Signal Rebate Program. The rebate program is a statewide effort to reduce peak energy demand during the summer months by replacing incandescent bulbs with LEDs in traffic signals.
SYNCHRONEX will provide the LED traffic signals to Fountain Valley. Fountain Valley expects to save an estimated $300 per intersection, per month in energy costs by replacing incandescent bulbs with LEDs.
“Energy and cost savings make LED traffic signals a great investment for any city,” said Michael Girardot, vice president of SYNCHRONEX. “With the power companies now supplying a 100 percent rebate, we expect cities will act now and take advantage of this excellent opportunity.”
“Southern California Edison is pleased to assist Fountain Valley with traffic signal replacement funding that will result in substantial savings for the city and its residents,” said David Ned Smith, SCE vice president of major customers.
Fountain Valley and other participating cities receive a full refund for the cost of the LED traffic signals, providing the signals are installed and fully functional by June 1, 2001. Cities that complete installations after June 1, 2001 are eligible for a partial refund.
The program is administered by Southern California Edison, Pacific Gas and Electric Company, and San Diego Gas & Electric. These investor-owned utilities are providing funds to cities and governmental agencies on a first-come, first-serve basis.
About SYNCHRONEX
SYNCHRONEX is a traffic signal and transportation equipment supplier, specializing in fully customized applications. It is California’s leading provider of LED traffic applications. The product line includes adaptive traffic systems, changeable and extinguishable LED message signs, solar powered LED traffic advisory units, traffic control cabinets, battery backup systems, and video detection and surveillance systems.
# # #