TCP Product Validation Proceeding as Expected
As previously announced, consistent with TCP's quality commitment, the Company voluntarily chose to conduct additional levels of quality control on its products. TCP engaged an outside testing firm to support these efforts, which, while ongoing, have affirmed the strength, quality and safety of TCP's product line.
TCP issued the following statement:
"The TCP team would like to thank TCP customers for the outspoken support and patience they have extended to us during this period. The support we have received from our customers - both new and existing, large and small - is a testament to TCP's products and talented team of more than 7,000 employees worldwide. Our customers can count on us to continue providing the superior service and quality, innovative lighting technology for which TCP has long been known."
The Company also noted that it expects to file its Annual Report on Form 10-K for the year ended
In conjunction with this 10-K filing, the Company intends to announce its 2014 fourth quarter and full year financial results. The Company will issue a separate press release detailing the date and time of the associated conference call and webcast.
TCP is a leading global manufacturer and distributor of energy efficient lighting technologies. TCP's extensive product offerings include LED and
Forward Looking Statements
Certain statements in this release may constitute forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those related to TCP's intentions and beliefs regarding the expected filing date of its Annual Report on Form 10-K for 2014, the release of earnings information for 2014, and the product validation review. Actual results may differ materially from those implied by such forward-looking statements, which are made only as of the date of this release, due to, among other reasons, unanticipated delays in filing the Annual Report for 2014 or in releasing earnings for 2014, and the ongoing nature of the product validation review. TCP expressly disclaims any obligation or undertaking to update such forward-looking statements, except as required by law.
Chief Financial Officer
Sapphire Investor Relations, LLC
212-355-4449 / 415-869-3950
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