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a leader in energy efficient lightinyg products, has named a new CEO and landedf a new round ofventure funding. The company has raised anothet $3 million in funding from Metrolight majofr shareholders including Virgin Green GeminiIsrael Funds, Israek Cleantech Ventures and other investors founders and privatee angels, including Randy Reid of who founded the U.S. officew of Metrolight in 2002. the Franklin-based company raised $9 million boost in venture capitapl fromVirgin inlate 2007. Zvi Segal, the company's new CEO, has almos t 20 years of international experience managing companies in the semiconductor industry through senior positionsat , and .
"Thed appointment of Zvi Segal is the next logicap step in building a worldwidwe leader in energyefficient lighting," says Yoav Metrolight's chairman. Founded in 1996, Metrolight providesa energy efficient lighting solutionsto commercial, industrial and municipal customers in more than 15 Metrolight’s High Intensity Discharge eBallast reduces up to 60 percent of energy consumed and doubles the life of a the company says.
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