Metrolight Ltd., a leading provider of electronic ballast solutions for energy efficient lighting, announced today [June 4, 2009] that it has raised $3 million and appointed Zvi Segal as a Chief Executive Officer.
Zvi Segal, a veteran of Orbotech Group, Applied Materials and Teledata Communication, will lead Metrolight’s growth phase driven by what Metrolight says is strong demand for its energy saving products and services from commercial, industrial and municipal customers across Europe and the US. Metrolight’s High Intensity Discharge (HID) eBallast reduces up to 60% of energy consumed and doubles the life of a lamp.