Photonic Capital, a leading LED lighting solution provider, has secured a $100 million debt facility from Bright Light Capital I, LLC a SPV funded and administered by Capstone Capital Group.  This debt facility will be used to support the expansion of Photonic Capital's innovative shared savings program for commercial and industrial clients who seek to replace conventional lights with LED lights.  The Photonic Capital shared savings program reduces its clients' lighting electricity usage by 50% to 80% from current levels.

Photonic Capital is offering commercial real estate owners, manufacturing facilities, universities, hospitals, religious institutions, and government entities access to Photonic Capital's Energy Reduction Services Agreements (ERSAsTM) that enable them to replace conventional lights with LED solutions through a turn-key program which includes the lights, the fixtures and controls, the installation, and ongoing maintenance—all for a single fixed monthly charge. Notwithstanding energy costs tend to go up over time, Photonic Capital is able to offer a fixed monthly price for its services which serves to insulate its clients from some of the increase in lighting costs that they would experience without Photonic Capital's shared savings program.

Capstone Capital Group, LLC has committed up to $100 million dollars, through Bright Light Capital I, LLC to support Photonic Capital's ERSATM program. "We evaluated the potential of shared savings programs with real estate owners and believe there is great potential for this innovative form of financing," said Joseph Ingrassia, CEO of Capstone Capital Group, LLC.  "We have high confidence that Photonic Capital can fully utilize our debt facility as it expands nationally and develops its reputation as the leading shared savings program for LED lighting solutions."

Photonic Capital designs and manufacturers its own proprietary lighting solutions through its technology, R&D and manufacturing division, Photonic Laboratories, which has completed since 2007 over 300 LED lighting projects for entities such as the Lincoln Tunnel, the Jacob Javitz Center, New York University, Winthrop Properties, and North Shore-LIJ Health System.