Vu1 Corporation (OTCBB:VUOC) Up 15% On The Day
Vu1 Corporation (OTCBB:VUOC) Up 15% On The Day
VU1 Corporation symbol VUOC manufactures mercury free, energy efficient lighting technology. The company's R30 ESL bulb is meant to replace the 65W incandescent flood bulb. Using accelerated electrons to stimulate phosphor, the surface of the blub glows. Energy efficient, environmentally friendly bulbs are a way that many businesses are becoming more cost efficient.
As the economy comes back and a further focus is put on green technology, companies in the space could see some rapidly increasing demand if they can become cost competitive. VU1 corporation is trading up $.05 or 15% at $.38. Most recently, the company has been busy tweaking upper level management and solidifying patents. On July 27th it was announced a new election to the board of advisors, Gregory Owens, a portfolio manager at SAM Advisors. On July 15th the company was issued a patent for its cathodoluminescent lighting, relating to the method of operation to create light via phosphor and a cathode, a key component of Vu1's unique Electron Stimulated Luminescence (ESL™) clean, energy efficient lighting technology. For 2010 the company plans to become certified with Underwriters Laboratories and further research and development. The sales and marketing team continues to search for further channels of distribution in an effort to gain product and brand awareness. In a delicate economy it will be important for small cap companies to hang on until the worst is over.
For more information visit http://www.worldmarketmedia.com/779/section.aspx/2269/post/vu1-corporation-otcbbvuoc-up-15-on-the-day
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