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Industrial Lighting Warehouses Distribution Centers Factories Solutions MADE in USA

Join the American Energy Revolution Our LEDS are the Most Reliable and Lowest Cost of Ownership Lighting Solutions on the market: Made in American with the Highest Quality With increasing pressures on business owners and operators, Independence LED helps focus resources where they are needed most. We replace outdated lights to reduce wasted energy and cost to help focus dollars away from fossil fuel generators and utility companies. 2

Table of Contents ABOUT US: Company Overview Differentiation Proven Results Private Sector and Public Sector Sample Results: Retrofit Photos Case Studies Savings by Type of Lighting Tubes Troffers Vapor Tights High Bays TECHNOLOGY: Top Warranty and Efficacy Top Standards Top Components US Factory: Pennsylvania External vs. Internal Driver Fixture Configurations 3

ABOUT US MADE in USA

Company Overview 10 Reasons why Independence LED is the preferred choice in the LED Tube and Fixture marketplace. #1: Proven Track Record #2: Multiple Industry FIRSTS #3: The Made in America Advantage #4: The Right Technology for Longevity #5: The Right Quality Assurance & Warranty #6: The Right Management & Support Team #7: The Right Auditing & ROI Software #8: Rebate Ready Products #9: Industry Leadership #10: $0 Down Financing Independence LED is a leading U.S. Manufacturer of award winning highefficiency LED tube retrofit kits and fixtures that replace the less efficient fluorescent tubes, troffers, parking garage fixtures and industrial high bays that dominate commercial lighting. The Company is committed to building the highest quality and most reliable Mission Critical commercial and industrial LED lighting products on the market. In 2010, Independence LED moved its manufacturing from China to southeastern Pennsylvania. The Company has installations across the Fortune 100 from Morgan Stanley to MetLife and in the public sector from multiple NAVY ships to the first Veterans Affairs Hospital. Independence LED has patent filings in over 40 countries and provides a 10 Year Warranty that is the strongest coverage on the market. In addition to winning the Green Business of the Year in 2011, the Company s LED tubes won the 2013 Best Lighting Retrofit by the US Green Building Council s Urban Green Award. Independence LED plays an increasing role in the Global Energy Revolution. 5

Differentiation 2013 Winner Best Lighting Retrofit Sample LED PERFORMANCE: Over 60% Savings Old Metal Halide New: LED 450 Watts 20,000 Hour Life (7 years) 174 Watts 60,000 Hour Life (20 + years) 6

Proven Results: Corporate PRIVATE SECTOR Energy Savings Sample Market Traction New LED vs. Existing 7

Proven Results: Government PUBLIC SECTOR Energy Savings Sample Market Traction From the U.S. NAVY s Military Sealift Command (MSC) to the first Veterans Affairs (VA) Hospital + GSA Schedule 8

SAMPLE RESULTS Industrial MADE in USA

Industrial: Rex Distributing These photo illustrates the superior light quality with the LEDs that more energy efficient, brighter and more white than the existing Metal Halides that are more orange. Sample: LED High Bay Fixtures (6 high output tube modules) 174 Watts replace existing 450 Watt Metal Halide fixtures. 10

Industrial: Supply One Supply One has grown since 1998 to create a national network of premier packaging manufacturers and distributors. To reduce the operating costs and the carbon footprint of their facilities they have embraced LED lighting, starting with the first property in Reading, Pennsylvania. Multi-Tube High Bay LED Fixtures replace Metal Halide + 4, 6, and 8 LED tubes replace fluorescent tubes 11

Industrial: Prystup Packaging Warehouse and Distribution Centers are ideal for retrofitting with LEDs, given either long run times, inefficient existing Metal Halide lamps, or T12 Fluorescent Tubes. Sample: 30 Watt 8 LED Tubes replace existing 8 T12 fluorescent tubes that are typically 65 watts. 12

SAMPLE: INDUSTRIAL Retrofits Sample: LED High Bay Fixtures 116 Watts (4 high output tube modules) replace existing 450 Watt Metal Halide fixtures. 13

Sample Low Bays: Before: Hot Spots + Inefficient Metal Halides 175 Watts / Fixture After: Even Light + Energy Saving LEDs 50 Watt / Fixture 14

CASE STUDY: Distribution Center Project: Davis & Warshow Distribution Center Highlights: Winner Urban Green Council Best Lighting Retrofit Address: 57-22 49th Street Maspeth/Queens, NY 11378 Owner: Davis & Warshow (www.daviswarshow.com) LED Installation: Summer 2012 62% SAVINGS Opportunity The green-minded owners of Davis & Warshow installed a 238.74 kilowatt solar array on the roof of their 209,000 sq. ft. distribution center. The system was capable of producing an annual energy output of 268,574 kwh. But the facility had inefficient 8 T12 fluorescent tubes that used 412,236 kwh per year, resulting in an annual lighting cost of $ $49,880. Solution Independence LED provided an LED solution that created an annual energy savings of 62%. The LED lights reduced the annual kwh to 157,524, enabling Davis & Warshow to become the first facility in America with a "Net Zero Cost of Lighting" through the combination of energy production with the Solar, and energy reduction with the LEDs. Results By reducing the fixture wattage from 130 to 70, the annual energy savings is 254,710 kwh, producing an electricity savings of $30,820 per year. Over the life of the LEDs the energy savings will be approximately $246,560. In addition to producing a Net Zero Cost of Lighting, the project also earned a $63,704 rebate from the energy provider ConEdison. With over 2 miles of LEDs, this energy efficiency project won the 2013 Best Lighting Retrofit by the Urban Green Council. 2014 - Names and logos in this file are the registered trademarks of the respective corporations.

CASE STUDY: Industrial Project: Waters International Truck and Tractor Co. Highlights: 4 th generation business with over 280 employees Address: 65 Mississippi 19, Meridian, MS 39307 Owner: Waters International (www.waterstruck.com) LED Installation: 2012 Solution Independence LED produced a 100 watt LED high bay fixture that saves 356 watts per fixture for over 78% savings. The external driver and aircraft grade deep fin aluminum heat sinks are ideal for industrial applications to ensure color consistency and longevity. 78% SAVINGS Opportunity Lighting consumes a significant amount of electricity for Truck Dealerships. Like many service bays, this facility had high bay fixtures using 456 watts, with the ballast factor. At over 13 hours of illumination per day (3,750h/year), each fixture used 1,710 kwh/year. At the average electricity rate in Mississippi of $.085/kWh, the lighting cost was $145.35 per fixture per year. Given the high bay replacement and labor costs of over $60, the annual total exceeded $215 per fixture. Results By reducing the fixture wattage from 456 to 100, the annual savings is 1,335 kwh and $113 per fixture. Over the 60,000 hour 16 year life of the LEDs at over 13h/day, the lifetime energy savings is2,287. With historical 3% average annual increase s in energy cost and reduced bulb replacement and maintenance labor, the savings is over $2,800 per fixture. 2014 - Names and logos in this file are the registered trademarks of the respective corporations.

CASE STUDY: Factory Project: PAC Premier Applied Coatings Highlights: Retrofit of Shop Lights for 25,000 sq. ft. Facility Address: 326 S. Franklin St. Boyertown, PA 19512 Owner: PAC (www.pac-si.com) LED Installation: 2011 62% SAVINGS Opportunity Shop lighting consumes a significant amount of electricity for specialty manufacturing facilities. PAC had inefficient T12 fluorescent tubes running 9 hours per work day totaling 2,340h/year. The old tubes each used 187.2 kwh per year. At a $.12/kWh electricity rate, the T12 tubes cost $22.46 per year to operate. PAC had invested in a major rooftop Solar system, so reducing the waste in the lights made strong economic sense. Solution Independence LED provided energy savings of 62% over the existing fluorescents and helped bring the facility to a Net Zero cost of lighting with the Solar Photovoltaic Panels. This combination of Solar on the roof and LEDs in the ceiling serve as energy intelligent siblings. Results By reducing the wattage by an average of 62%, the annual savings per tube is 117 kwh and $14.04. Over the 25 year life of the LEDs at 9h/work day, the lifetime energy savings is over $360 per tube. The project also earned $6,646, one the first LED Tube Rebates from Met-Ed, a First Energy Company. The US Department of Energy (DOE) Reports that there are over 2 Billion fluorescent tubes in American ceilings, of which over 900 million are outdated T12s like those at PAC. 2014 - Names and logos in this file are the registered trademarks of the respective corporations.

CASE STUDY: Big Box Project: Canadian Tire Store (One of 490 Locations) Highlights: Retrofit of Emergency Lighting Fixtures in 65,538 sq. ft. Facility Address: 656 Erb St. West, Waterloo, ON, Canada, N2T 2Z7 Owner: Canadian Tire Store (www.canadiantire.ca) LED Installation: Spring 2014 71% SAVINGS Opportunity The 24/7 emergency lighting (EL) fixtures consume a significant amount of electricity in a large retail center. Canadian Tire had T8 fluorescent tubes with (8) 32 watt 4 tubes in each 224 watt fixture. With a 24/7 run time of 8,760h/year, each EL fixture used 1,962 kwh per year. At a $.135/kWh electricity rate, the T8 fixtures cost $264.90 Canadian per year to operate. Solution Independence LED s Canadian Manufacturer Representative, Accolades Inc., provided an LED solution with (4) 16w LED tubes per fixture that create an average energy savings of 71% over the existing fluorescent tubes. Accolades Inc. delamped the EL fixtures in the retail floor with one 16w LED tube for every two 28w fluorescent tubes. The LED tubes also reduce the load required by the Uninterruptable Power Supply to power the EL fixtures. Results By reducing the ELI fixture wattage by an average of 71%, the annual savings is 1,401 kwh and $5189.22 Canadian per fixture every year. Over the approximate 7 year life of the LED s at 24h/day, the lifetime energy savings is over $1,296. The retrofit project also earned a Save on Energy incentive. If each of the 490 Canadian Tire stores switched to LED technology for their EL systems, the total annual savings would be $2.6 million with lifetime savings over $25 million. 2014 - Names and logos in this file are the registered trademarks of the respective corporations.

CASE STUDY: Service Centers Project: MONRO Muffler/Brakes & Service Highlights: First 50 of 800 company-operated stores in 19 states Address: Multiples see attached page Owner: Corporate (www.monro.com) LED Installation: 2012 66% SAVINGS Opportunity Lighting consumes a significant amount of electricity for automotive service businesses. Monro had outdated T12 fluorescent tubes of multiple lengths, with the equivalent of 162 4 45 watt tubes in each location. At 12 hours of illumination over 6 days a week (3,744h/year), each tube used 168.5 kwh/year. At the average electricity rate in Connecticut of $.19/kWh, the lighting cost was $32 per tube per year and $5,184 per location. Solution Independence LED provided a 15 watt LED tube solution that saves 30 watts per tube for over 66% savings. The bright white 5000K and increased light output improves the look of the service centers and the productivity in addition to the energy efficiency. Results By reducing tube wattage from 45 to 15, the annual savings is 112.3 kwh and $21.34 per tube and $3,457 per location. Over the 60,000 hour 16 year life of the LEDs at 12/6, the lifetime energy savings is over $341 per tube and over $55,000 per location. With historical 3% average annual increases in energy cost and reduced bulb replacement and maintenance labor, the savings is over $65,000 per location. For the first 50 retrofitted locations, the lifetime savings will exceed $3.25 million. 2014 - Names and logos in this file are the registered trademarks of the respective corporations.

CASE STUDY: Service Centers Project: Quality Collision Care Center Highlights: 190 LED fixtures reduce operational costs by 70% and increase lighting performance Address: 250 Woodbourne Rd, Langhorne, PA 19047 Owner: McCafferty Auto Group (http://www.mccaffertyford.com/quality-care-collision.htm) LED Installation: Spring 2014 70% SAVINGS Opportunity Automotive detail shops must be well lit for safety reasons, and so workers can see every nook and cranny of the vehicles to turn out quality work. To produce this amount of light requires a mix of task lighting, high bay and workspace strip fixtures, all of which consume a great deal of electricity. Like similar facilities, Quality Collision Care used inefficient HO T12 fluorescent tubes and 1,000 watt metal halide fixtures to light their work spaces. With an electricity rate of $.12/kWh, the annual lighting cost was nearly $20,000. Solution Independence LED Lighting Agent Round 2 Lighting approached property owners McCafferty Auto Group with a solution to retrofit the T12 fluorescent and 1,000w Metal Halide fixtures with a combination of high-efficiency 22w Independence LED tubes and 44 watt vaportight fixtures, plus an array of 298 LED high bays. The new LED lamps produce an outstanding 70% energy savings and deliver more foot candles per watt than the previous fixtures, significantly improving the quality of the light in the work areas. Additionally, McCafferty received a 10 year warranty which will all but eliminate maintenance costs for 10 years. $28,654 Previous Lighting Annual Operation Costs $8,758 New LED Lamps $19,896 Energy SAVINGS Results Reducing the fixture wattages in the fluorescent and high bay fixtures, the annual savings is $19,896. Over the 19.6 year life of the LEDs at 16 hours/day, the lifetime energy savings is $398,000. With historical 3% average annual increase in energy cost and reduced bulb replacement and maintenance labor, the savings is closer to $535,000. This project also earned a major $26,000 energy rebate, bringing the payback to under two years and increased the ROI to 58%. 2014 - Names and logos in this file are the registered trademarks of the respective corporations.

SAVINGS By Type of Lighting MADE in USA

Top Products TUBES TROFFERS VAPOR TIGHTS HIGH BAYS

Tube Series: Competition Total Cost of Ownership 12W 10 Years = $183.07 BEST IN CLASS Avg. Overseas Manufactured LED Fixture T5 Fluorescent 16W 28W 10 Years = $210.87 10 Years = $282.27 T8 Fluorescent (with Ballast) 35W 10 Years = $300.84 T12 Fluorescent (with Ballast) 45W 10 Years = $318.17 The calculations assume comparable directional lumens, foot candles, or lux for 1 tube T8 (32W / tube + ballast factor) as the existing installed default, and the U.S. average $.12 Cost / kwh. With Independence LED s 10 Year Warranty at 60,000 hours of life, common scenarios for 6,000 hours of illumination per year include facilities with double shift (16 hours / day). The Independence LED performance is even better for 24/7 operations. 23

Troffer Retrofit: Competition Total Cost of Ownership 44W 10 Years = $590.47 BEST IN CLASS Avg. Overseas Manufactured LED Fixture T5 Fluorescent 60W 112W 10 Years = $806.01 10 Years = $1,068.75 T8 Fluorescent (with Ballast) 140W 10 Years = $1,189.68 T12 Fluorescent (with Ballast) 160W 10 Years = $1,511.02 The calculations assume comparable directional lumens, foot candles, or lux for 4 tube T8 (32W / tube + ballast factor) troffer as the existing installed default, and the U.S. average $.12 Cost / kwh. With Independence LED s 10 Year Warranty at 60,000 hours of life, common scenarios for 6,000 hours of illumination per year include facilities with double shift (16 hours / day). The Independence LED performance is even better for 24/7 operations. 24

Vapor Tight: Competition Total Cost of Ownership 44W 10 Years = $688.14 BEST IN CLASS Avg. Overseas Manufactured LED Fixture Compact Fluorescent 60W 64W 10 Years = $1,040.34 10 Years = $1,082.47 Induction 120W 10 Years = $964.01 Metal Halide 175W 10 Years = $1,487.52 The calculations assume comparable directional lumens, foot candles, or lux for Metal Halide (175W) parking garage fixture as the existing installed default, and the U.S. average $.12 Cost / kwh. With Independence LED s 10 Year Warranty at 60,000 hours of life, common scenarios for 6,000 hours of illumination per year include facilities with double shift (16 hours / day). The Independence LED performance is even better for 24/7 operations. 25

High Bay: Competition Total Cost of Ownership 116W 10 Years = $1,501.88 BEST IN CLASS Avg. Overseas Manufactured LED Fixture T5 Efficient Fluorescent 150W 168W 10 Years = $2,105.02 10 Years = $1,729.62 Induction 200W 10 Years = $1,986.69 Metal Halide (with Ballast) 450W 10 Years = $3,740.05 The calculations assume comparable directional lumens, foot candles, or lux for Metal Halide (450 W) High Bay fixture as the existing installed default, and the U.S. average $.12 Cost / kwh. With Independence LED s 10 Year Warranty at 60,000 hours of life, common scenarios for 6,000 hours of illumination per year include facilities with double shift (16 hours / day). The Independence LED performance is even better for 24/7 operations. 26

TECHNOLOGY MADE in USA

Top Warranty + Efficiency 28

Top Standards Key Differentiators: Best of Breed Made in USA (Meets Buy American Standards of the American Recovery and Reinvestment Act ARRA) 10 10 Year Warranty Deep Fin Aluminum Heat Sink External Driver UL Classified #: GS07F073AA 29

Top Components 30 Best of Breed Engineering, Component Parts, Quality Assurance & Assembly 30

U.S. Factory: Pennsylvania Office Multi-Line Automated Diode/PCB Assembly Tube and Fixture Assembly Shipping and Handling Facility: 36,000 Sq. Ft. - 4 Automated Lines Capacity: 18,000 to 40,000 Diodes Per Hour Per Line Tolerance: 1/1,000 Inch 4 lines x 3 shifts x 7 days = $162 M in annual sales Expansion to Lower Level if necessary or to Second and Third facilities. 31

External vs. Internal Driver Our EXTERNAL Driver Tubes perform better than internal driver tubes, and we also have advanced Thermal Management Heat Sinks that dissipate rather than trap the heat that damages the diodes. The Danger of Internal Driver LED Tubes NOT OUR TUBES! Discolorations at The Burn Zone from Internal Drivers 32

Fixture Configurations SAMPLE Metal Halide to LED TUBE Module Fixtures Double Tube Fixtures 4 Tubes Triple Tube Fixtures For Low Bay or High Bay Replacement Options Conversion Breakdown: Typ. Metal Halide: 175 W 2 Tube LED: 44W 2 Tube LED: 58W Typ. Metal Halide: 450 W 4 Tube LED: 116W 6 Tube LED: 174W 4 or 6 Tube Fixtures The Independence LED linear form factor is ideal for dissipating heat for industrial fixture applications. 33