Vu1 Business Update Call Invitation

Once again, I invite our consumers, channel partners and investors to join me on a conference call, followed by a brief Q&A session on Monday, September 30 at 4:30 pm EDT. Below is the call in information.

Conference ID#: 72950681

Operator Assisted Toll-Free Dial-In Number for Participants: (855) 387-0826

Operator Assisted International Dial-In Number for Participants: (937) 660-3995

I look forward to our conversation.

William B Smith
Chairman and CEO
Vu1 Corporation

Vu1 Business Update

I invite you to participate in a conference call, followed by a brief Q&A session, on Monday, September 30 at 4:30 pm EDT.

The call will be a business update for consumers, channel partners and investors.

Please mark your calendars and stay tuned into this blog for call-in information.

William B Smith
Chairman and CEO
Vu1 Corporation

Vu1 Investor and Business Update Call Invitation

Invitation:  Investor Conference Call
Hosted by William B. Smith, Wednesday, September 4th

Vu1 has commenced shipping and with the completion of our New York media tour, I will host a call to discuss plans for our company and our products.

I invite you to participate in an open call with me next Wednesday, September 4th at 4:30 p.m. EDT.  You can expect an update on preliminary shipping, logistics, and distribution followed by a Q&A session. I encourage you to bring your questions, concerns and insights to the table. 

Conference ID: 51464526

Participant Operator Assisted Toll-Free Dial-In Number: (855) 387-0826
Participant Operator Assisted International Dial-In Number: (937) 660-3995

As always, I will be candid in terms of where we are at this point, where we want to be and how we will get there. Your patience during this process has been greatly appreciated. It is, I believe, about to be paid off as consumers experience the difference of our “light without compromise.”

I look forward to our conversation.

William B Smith
Chairman and CEO
Vu1 Corporation

Vu1 Media Tour Kicks Off Today in New York City

IMG_3855 IMG_3856 IMG_3857 IMG_3858This is an exciting day for Vu1 as our marketing team heads to New York City to launch the publicity campaign for the ESL R30 bulbs fresh off the plane from China.

The marketing team has spent the last several weeks arranging media meetings with both trade and consumer outlets and will be working hard to reach as many outlets as possible during their time there. I’ll be joining the team in the city for several of the meetings as we present the specially designed media kits you see here, highlighting the features and benefits of ESL™ technology.

The New York tour is only step one in a fully formulated media outreach plan. With the bulbs’ arrival in the states imminent, we are prepared to hit the ground running with a full media relations campaign so consumers become aware of the new and better choice available to them.

I look forward to bringing you further updates from our public relations team as we move forward.

Bulbs Going To Market Soon and Media Tour Nearing

Vu1 Corporation is just days away from delivering on our promise of a flawless ESL R30 bulb going to market. This is a very exciting time for us as we prepare for the public to finally experience our quality lighting.

As you’re aware, the ESL R30 bulbs are in production. Though the bulbs are functioning perfectly we did run into one minor cosmetic issue (incorrect writing on sleeve) that we are correcting before our launch, as well as a minor equipment issue (lacquer spray nozzles sticking).  It does mean a slight delay (days), but we are confident of a shipping date the last week of August.  These issues are minor, and also simply addressed.  The lamps are terrific; we are doing housekeeping now.

Vu1’s media relations team is moving full steam ahead and will be conducting a media tour of key publications in New York City just prior to the bulbs being shipped.  They will be sharing important dates and retail locations with selected media and have a full PR plan ready to launch following the bulb’s arrival in the United States. Our sales team is also primed to go and we feel confident in the distribution channels they have put in place.

I have heard from many people expressing “disappointment” and alarm.  We are excited and ready for shipping; there is nothing to be disappointed about.  As I said months ago, we will send out a great product, and I will not take chances.  As always, we will continue to post updates and keep you in the loop. Thank you for your continued support.

William B Smith
Chairman and CEO
Vu1 Corporation

July Production Update

It’s been a busy and exciting two months since our May update. At that time, a major piece of custom manufacturing equipment had arrived, allowing us to begin our initial pilot runs. After the runs were completed and with the new equipment in place, our former 45 percent front-end yields rocketed to over 80 percent. We expect this front-end yield to climb further still once production normalizes and we have the ability to further calibrate the machines. Our electronics yields now stand north of 90 percent, which is outstanding.

While our original intent was to ship by the fourth week of July, we’ve been informed that one piece of testing equipment has been delayed in customs. This equipment is necessary for us to ensure our finished product meets our quality standards and specifications. Due to the customs delay, we now expect the ESL R30 shipment to take place the last week of July or, more likely, the first or second week of August.

This delay has nothing to do with manufacturing or quality. While we’re naturally disappointed with the potential 1-2 week postponement, it’s a small bump in what has become a smooth road to getting our bulbs into the hands of our U.S. distributors and end consumers. And while we hope the equipment is released in time to hit our July shipment target, in the interest of transparency we wanted to alert you to the possibility of the launch being pushed into August.

Moving forward, we continue to receive constructive and positive feedback from our engineers and the factory. Once the testing equipment clears customs, we will begin moving as fast as practical to get the Vu1 R30 on the plane to the states. Interest from our U.S. distribution partners remains high and James Poindexter has the entire U.S. covered now.

We will alert everyone when the shipment date is finalized. Also, we will begin our public relations and investor relations campaigns at the same time.  I have intentionally put them on hold until we begin shipping.

I truly thank our shareholders and future consumers for their continued support and look forward to telling you the Vu1 R30 is in the air in the very near term.

William B Smith
Chairman and CEO
Vu1 Corporation

 

ESL R30 Bulbs To Begin Shipping In July

This is the blog post we’ve been waiting to write…

It is the VU-1 team’s great pleasure to announce that our custom equipment has arrived and is currently being tested at an “assembly station” near our subcontractor. We plan to move the equipment to our plant on Friday (tomorrow) where it will undergo 3-5 days of fitting calibrations and final testing. Stanley Chao heads to Asia early next week to be on site for inspection and to begin the initial runs to test yields. The excitement generated by this news is palpable in every phone call and email flying amongst team members.

With the arrival of the equipment and the final UL inspection and factory tour set for June, it’s time to start producing bulbs. We expect to be fulfilling initial orders in July. (For everyone who has traveled this path with us, checking in on this blog, you understand the magnitude behind that last sentence.)

I’d like to take a moment to again thank everyone involved who has made this moment possible. I especially want to thank Stanley Chao, Cameron McLeod and the small army of engineers that have been working around the clock that we have assembled. It’s been a long journey but the payoff—producing energy-efficient, affordable, mercury free, superior light quality bulbs—is here.

Please note that this blog post will likely be the last update posted until we have bulbs coming off the line in July. Should there be ANY material event that would change the information communicated above, we will immediately deliver that information. Again, thank you for following our updates and we look forward to sharing information in July when production is in full swing.

William B. Smith
Chairman and CEO
Vu1 Corporation

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Manufacturing Update

I feel very confident with our progress in China.  As we have previously stated, we expect delivery of equipment any day.  Upon receipt, assembly and testing, we are confident in the delivery of the ESL R30 in July.  We look forward to providing additional updates next week.

William B. Smith
Chairman and CEO
Vu1 Corporation

ESL Technology Lights Up Vegas

Following our late April success at LIGHTFARE International in Philadelphia was this week’s National Hardware Show in Vegas. The interest in the ESL bulb at the show was, quite simply, amazing. Interest from the press included an interview by the Carey Brothers for their On The House live radio program and a request for a press release about ESL from The Family Handyman (part of the Reader’s Digest Association). We’re excited that the DIY Network also expressed an interest in the bulb and ESL technology and we’ll be following up on that along with several other blogging/radio interview opportunities that came out of the show.

Our team also met with retailers who asked questions and showed strong interest and enthusiasm for the benefits offered by our bulbs.

Coming off the strength of these two shows, industry buzz about ESL technology and our product is growing. With full-scale production and shipping still on target for July, we look forward to bringing you more updates about our outreach efforts as follow-up from the shows continue.

William B. Smith
Chairman and CEO
Vu1 Corporation

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New Equipment Confirmation

Last night we confirmed that our new custom equipment purchases are expected to arrive the week of May 20th. We believe this is a conservative date as our partners may in fact accept delivery prior to this date. Assuming we achieve proper yields from the new equipment, we anticipate that we can begin shipping theESL R30 in July.

Naturally, we’re all very excited about finally putting the wheels in motion and we feel reasonably comfortable targeting the July shipping goal. As always, our updates are based on information that we currently have available.

I want to again applaud Stanley Chao, Cameron McLeod and the teams they have assembled both here and in China that are making it possible for Vu1 to achieve its goal of mass production of the ESL R30.

William B. Smith
Chairman and CEO
Vu1 Corporation