Bulb-maker aglow over US deal

Christchurch (NZ) energy-efficient light-bulb maker Energy Mad has secured a deal to supply light bulbs to the world's largest drug store chain, Walgreens. Energy Mad will send an initial shipment of $1.7 million worth of bulbs – about 600,000 bulbs – to Walgreens in about three months' time. That will be followed by regular restocking orders. How fast those orders come through depends on consumer demand, but Energy Mad managing director Chris Mardon said he expected it would be several times a year. Revenue from the initial order would be paid in the 2013 financial year.