|By Business Wire||
|April 25, 2014 06:29 PM EDT||
An enthusiastic crowd looked on this Earth Day as Neal Verfuerth, Founder and CEO, cut the ribbon to officially launch energybank, his latest venture.
“We are an integrator of discreet LEDs into application specific solid state lighting (SSL) systems,” said Neal, “The significance of SSL systems integration is that it shifts design away from the large lighting fixture manufacturers – with energybank being the integrator, we can quickly build a custom solution for the end user that better satisfies their needs.”
energybank has unique capabilities with its proprietary: thermal management, optical optimization, application engineering and project finance. 18 patent applications have been submitted to protect its intellectual property with more on the way.
With more than a dozen employees currently working in Wisconsin, Colorado and Florida, energybank has already laid the foundation for strong growth.
“I’ve been an innovator and entrepreneur all of my life and this new venture is the culmination of that experience. My commitment to Manitowoc is stronger than ever and I know that energybank will make a positive impact on people’s lives.” stated Neal.
During his 30-plus year career, Neal delivered more than $3 billion in energy savings to more than 10,000 facilities, including 150 of the Fortune 500. His last start up was Orion Energy Systems, which had $120 million in sales during his final year as CEO.
energybank is a financial services and technical sales organization focused on identifying and bringing the benefits of unique, proven energy efficiencies from lighting and controls to market as predictable, above-average returns to project investors.