Lighting-technology company Vu1 Corporation (OTCBB: VUOC) has completed a $5 million round of funding.
The proceeds enable the company to continue the late-stage phases of development on its Electron Stimulated LuminescenceTM (ESLTM) technology, which the company said will serve as the baseline for a new, energy-efficient light bulb that does not contain mercury.
Vu1’s ESLTM technology is the cornerstone of the company’s family of energy-efficient light bulbs. Vu1 said the bulbs will offer the full features of incandescent lights, such as instant on, true dim-ability, high light quality and color, all without the use of mercury–a toxic chemical which is present in the current energy-efficient option, Compact Florescent Light Bulbs (CFLs).
"Consumers are becoming more aware of the serious health risks of mercury in CFLs and are seeking an alternative that is still energy-efficient," said Ron Davis, Chief Marketing Officer for Vu1.
The U.S. Environmental Protection Agency acknowledges that each CFL contains a toxic amount of mercury and recommends a detailed cleanup process for when bulbs break in the home.
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Mercury is one thing but what about the RF emitted by the CFLs and the dirty electricity they create? Let us know when there is a CFL as safe as the LED, the far better option in energy efficient lighting on health grounds.