Lowell, MA, February 16, 2013 --(PR.com
)-- Performance Indicator, LLC (PI) is announcing a five (5) year exclusive business arrangement, valued in excess of $17M, with a major U.S. automaker. This arrangement will field PI’s Externally Powered Photoluminescent Technology throughout all of the automaker’s vehicle platforms beginning in calendar year 2013.
“This bellwether accomplishment further validates the value that PI technology offers to LED-based lighting and instrumentation,” stated Dan Smith, CEO of PI.
In addition to the foundation provisions, under the terms of this business arrangement, PI agrees to exclusive options on three (3) additional PI technologies which would be separately negotiated. PI shall also provide additional technical support services and product sales.
About Performance Indicator, LLC
Performance Indicator, LLC (“PI”) is an advanced materials science technology company that innovates and markets Energy-conversion, Photoluminescent, and Stimulus-triggered Color Change technologies. PI’s extraordinary Externally Powered Photoluminescent Technology provides 3X efficiency gains, improved affordability, improved color rendering range and brightness for LED-based lighting, instrumentation, displays, and photovoltaics. PI is headquartered in Lowell, MA. For more about PI, visit us at www.performanceindicator.com.
Media Contact Robb J. Osinski, EVP (978) 459-4500 firstname.lastname@example.org
SOURCE Performance Indicator, LLC