Metrolight Ltd., leading provider of electronic ballast solutions for energy efficient lighting, announced today the appointment of Zvi Segal as a Chief Executive Officer as of February 2009. Zvi Segal has almost twenty years of international experience managing companies in semiconductor industry through his senior executive positions at Orbotech Group, Applied Materials and Teledata Communication.
Zvi Segal will lead Metrolight’s growth phase given the 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.
In parallel, the company closed additional fund raising of about $5 Million from Metrolight major shareholders including Virgin Green Funds, Gemini Israel Funds, Israel Cleantech Ventures and other investors, founders and private angels.
According to Metrolight’s Chairman Yoav Leeran, “the appointment of Zvi Segal is the next logical step in building a worldwide leader in energy efficient lighting. We expect Zvi to continue building a strong business with the best in class portfolio of high power commercial, industrial and municipal lighting solutions. The additional fund raising rounds represent the strong believe of the founders and the investors in the product, unique technology, market potential and the management team of Metrolight ”
Zvi Segal adds,” I’m looking forward to working with Metrolight’s highly skilled and knowledgeable team. The commercial and industrial lighting market is set for significant growth given the energy savings offered by high power electronic ballasts. Metrolight, based on its patented technology, is well positioned to be the leader of the movement to modern energy efficient lighting systems.”
“High power lighting is probably one of the very few utilities that has not yet benefited from a transition to electronic technology. Zvi Segal will lead the company to build on the success in the market in offering products and associated services that substantially reduce energy consumption for the heavy lighting users”, states Shai Weiss, Partner at Virgin Green Fund. | 
