On May 20th, Cavet Technologies Inc. announced it is the recipient of the Celestica Award for Technology Commercialization. The award is part of the 25th Annual Canadian Advanced Technology Alliance (CATAAlliance) Innovation Awards program. This new award was presented to Cavet Technologies for its outstanding technology engineering development, which has resulted in the production of a world-class product incorporating advanced manufacturing and innovative electronics in the LumiSmart ILC.

"We are delighted that the LumiSmart ILC has received such favourable reception," said Albert Behr, President and CEO of Cavet Technologies. "This acknowledgment from CATAAlliance falls on the heels of our award as finalist for Best New Technology and Best Lighting Controller at Lightfair International 2010. It is an honour to receive such widespread global acceptance of the LumiSmart ILC, especially since we only introduced the product earlier this month. We are thrilled and humbled."

CATAAlliance is the largest high-tech association in Canada, and is the foundation for commercialization, market research, networking, events, access to other associations, and professional development, across the nation.

LumiSmart ILC is the first of a new class of Smart Grid-enabled lighting controllers that provide microprocessor-driven adaptive control of lighting circuits to reduce power consumption while providing an instant 30 per cent or more power reduction without replacing any existing lamps, ballasts or fixtures. The LumiSmart ILC is Internet-ready (with the addition of the upcoming LumiSmart DRC - Demand Response Control module) and will enable full remote "command and control" for utilities, property managers and customers, allowing for on-demand reaction to real-time electrical events. Cavet's LumiSmart ILC also helps reduce carbon emissions by actively reducing energy consumption at the source, and therefore minimizes strain on the electrical grid. This decrease in carbon footprint results in a reduction in greenhouses gases released into the atmosphere.

LumiSmart offers a number of energy and costing savings benefits, including:

• Maintaining light level quality with reduced energy consumption;
• Providing a positive impact to net income through energy bill reduction;
• Delivering a return on investment from 12 to 24 months, depending on the lighting system;
• Offering energy reduction data that is quantifiable, measurable and traceable;
• Providing CO2 emissions that can be tracked and reported;
• Reducing electricity consumption of 30% or more, subject to facility requirements;
• Offering a Smart Grid-enabled device that is ready to connect to any; and
• Supplying Smart Grid utility (Smart Grid module).

www.cavettech.com

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