Date Announced: 14 Jul 2010 -- Licenses for LED Fluorescent Tube Replacements granted to ATG Electronics, Diogen Lighting, Hudnut, LEDtronics, LumaSmart and NCS Power-- ilumisys parent company Altair Engineering enables licensed companies to offer ilumisys products to the marketTROY, Mich. –– ilumisys, Inc., developer and producer of next-generation solid-state lighting technology, announced today that it has granted a license for its patents on light-emitting diode (LED) fluorescent tube replacements to ATG Electronics, Diogen Lighting, Hudnut, LEDtronics, LumaSmart and NCS Power Inc.The ilumisys licensing program allows companies to offer LED fluorescent tube replacement products to the market at a range of price and performance points. By providing licensees access to its expanding patent portfolio, ilumisys believes that both LED product development and installation pace will continue to accelerate. The licensing agreements provide for royalty payments in exchange for rights to manufacture and sell products covered by Altair Engineering’s patent portfolio.“Our goal with the licensee program is to support the industry by enabling credible LED companies to offer quality, dependable and efficient LED products,” said Dave Simon, president of ilumisys. “The program promotes collaboration in the industry and supports a rapidly expanding marketplace.” ilumisys is a spinoff of Altair, a global software and technology company with a growing presence in the energy market. With the backing of Altair, its majority owner, ilumisys has made a deep and substantial investment in research and development that includes more than 50 patent applications filed to date.About ilumisysBased in Troy, Mich., ilumisys, Inc. focuses on next-generation solid-state lighting technology. The company was formed in 2007 as a spinoff venture and wholly owned subsidiary of Altair Engineering, Inc. Products are derived from Altair’s intellectual property for the direct replacement of fluorescent light tubes with LED lamps and direct replacement of incandescent lamps. ilumisys is a member of the Michigan Solid-State Lighting Association, and supports the organization’s mission of ensuring that Michigan is a global leader in solid-state lighting research, development, and manufacturing.About Altair Altair empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of information. Privately held, with more than 1,300 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a more than 25-year track record of profitable growth and innovation, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com.
Contact
Deana Goodrich Airfoil Public Relations 248-304-1457
E-mail:[email protected]
Web Site:www.ilumisys.com
