Luminus Devices and Lightera Corporation complete merger
Integrated company to accelerate technology development and market expansion
Billerica, MA - Luminus Devices, the leading global manufacturer of high-performance LEDs, and Lightera, a U.S.-based developer of LED components, announced today the completion of all merger activities previously announced on June 11, 2013. Luminus is now a subsidiary of Lightera, and will continue to operate under the name Luminus Devices.
The merged entity will utilize combined resources to accelerate the commercialization of new solutions and expand market opportunities in core markets including display, entertainment and medical lighting. Expected synergies and corporate R&D expertise will increase emphasis on advanced LED technology development for both general lighting and specialty lighting markets.
“We are pleased to announce that the merger has been completed, and we are now one entity,” said Decai Sun, chairman and CEO of the combined company. “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.”
Luminus Devices will continue to operate out of its Billerica, MA headquarters and will gain access to Lightera’s advanced R&D operation in Sunnyvale, California.
About Lightera Corp and Luminus Devices, Inc
Lightera Corporation and its wholly-owned subsidiary Luminus Devices, Inc. develop Solid-State Lighting solutions to help their customers migrate from conventional lamp technologies to long-life and energy-efficient LED illumination. The companies serve a range of markets including consumer displays, entertainment lighting, medical applications and general lighting.
Lightera Corporation is headquartered in Sunnyvale, CA and Luminus Devices Inc. operates out of offices in Billerica, Massachusetts.
For more information, please visit www.lighterausa.com
Brendan Paul, The CHT Group 617-226-7194