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17 September 2013

Luminus Devices and Lightera complete merger

Luminus Devices Inc of Billerica, MA, USA, which makes PhlatLight (photonic lattice) LEDs for solid-state lighting applications, and Lightera Corp of Sunnyvale, CA (a US affiliate of LED maker Sanan Optoelectronics Co Ltd of Xiamen, China that designs and develops LED components and system products for lighting applications) say that they have completed all merger activities (announced on 11June). Luminus is now a subsidiary of Lightera, and will continue to operate under the name Luminus Devices.

The merged entity aims to utilize combined resources to accelerate the commercialization of new solutions and expand opportunities in core markets, including consumer displays, entertainment lighting and medical lighting. Expected synergies and corporate R&D expertise will increase the emphasis on advanced LED technology development for both the general lighting and specialty lighting markets.

“With solid financial backing, increased R&D resources, and access to the technology innovation in Silicon Valley, we are in a position to more aggressively commercialize our existing portfolio while inventing new LED technologies in order to remain the leader in our core markets and enter new markets with a compelling value proposition,” says Decai Sun, chairman & CEO of the combined firm.

Luminus Devices will continue to operate out of its Billerica headquarters and will gain access to Lightera's R&D operation in Sunnyvale.

See related items:

Sanan’s US affiliate Lightera acquires Luminus Devices

Tags: Luminus LEDs



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