ForceField Energy Inc. announced the signing of an agreement to provide LED lighting solutions valued at $1.35 million with Grupo Merza, a large and prominent retail group with operations in 30 Mexican states through its 145 supermarkets and 18 distribution centers. Under the terms of the agreement, ForceField Energy will supply LED lighting products and solutions to Grupo Merza and will receive a percentage of maintenance and energy savings based on a mutually agreed schedule over the initial 5-year period. The agreement covers the retrofit of the 145 store locations and 18 distribution centers located across 30 states in Mexico.

Based on a shared cost savings and lease financing model, Forcefield will be responsible for the upfront cost of the LED lighting products, while Grupo Merza will be responsible for the cost of removal of the existing lighting products and the installation of the new LED products. The project is subject to ForceField obtaining financing. The installation of LED products in the supermarkets is expected to take approximately six to nine months.

This retrofit will generate significant energy and cost savings, and reduce greenhouse gas emissions via the adoption of an LED technology that is more environmentally friendly.