The proposed combination is intended to capitalize on commonalities in each company’s product development strategies and complementary product lines.
Under the letter of intent, the parties have agreed to more formally explore the benefits to be achieved through the proposed combination.
Closing of the transaction will be subject to the execution of a definitive agreement which will more fully set forth the terms and conditions of the transaction.
Tomorrows Lighting is marketing and selling residential and commercial dimmable energy efficient lighting.
enerSave has developed energy-efficient technology-driven lighting solutions for commercial and industrial lighting.
The combination will create, identify and introduce energy efficient lighting products and solutions which satisfy consumer demand while providing superior performance.
