IN THE NEWS
Colorado Group completes lease to facilitate expansion for Albeo Technologies
FOR IMMEDIATE RELEASE
The Colorado Group, Inc.
September 6, 2007
Boulder, Colorado, September 6, 2007 – Chris Hansen of The Colorado
Group announces the lease of 5,454 square feet at 3125 West Sterling Circle
in Boulder, Colorado. The space will be occupied by Albeo Technologies,
who will move from a 2,000 square feet location at 1840 Commerce Street.
Albeo, founded in 2004, designs and manufactures solid state lighting systems that use white LED lights. These systems use no mercury, last 10-15 years and consume minimal energy. Albeo fixtures are used in a broad range of applications. For example, the company’s recently announced T8LED™ fixture provides a maintenance-free, energy-efficient, and environmentally-friendly alternative to fluorescent in large industrial applications. Albeo currently employs 10 people.
“We are over capacity at our current space and are looking forward to our next expansion,” said Jeff Bisberg, Albeo CEO. “We doubled our sales last year and are on track to triple sales this year. Our new location will let us continue to design, manufacture and sell in one Boulder location and help us manage our rapid growth. ”
“It is exciting to see an environmentally friendly, energy conserving company expanding at such a rapid pace,” said Hansen of The Colorado Group. “Albeo literally started in someone’s basement and now requires 5,000-plus square feet after just three years. They are a great Boulder success story.”
About The Colorado Group, Inc.
Founded in 1980, The Colorado Group is Boulder County’s top performing
commercial real estate team. The independent brokers at the Colorado
Group average in excess of 21 years of experience and offer an extensive
array of commercial real estate services, including land and building
development, commercial sales and leasing, property management, and residential
sales and relocation services. For more information, visit http://www.coloradogroup.com.
About Albeo Technologies Inc.
Albeo manufactures high quality, long-lasting solid-state lighting products for homes, businesses, and industrial facilities that improve energy savings, reduce maintenance costs, and are safe and easy to install. Based on advanced electro-optic technologies, Albeo’s reliable lighting fixtures provide superior performance at lower costs than competing technologies. Albeo’s management team has decades of experience in solid-state product development and manufacturing, and continues to deliver new products that enable users to better control their total operating costs. For more information, product briefs, and specifications, visit www.albeotech.com or call toll-free +1 (866) 825-5420.
Contacts:
Chris Hansen
The Colorado Group, Inc.
303-449-2131
chansen@coloradogroup.com
Jeff Bisberg
Albeo Technologies
mobile: 303-921-1619
j.bisberg@albeotech.com
