Date Announced: 23 Mar 2011 TROY, Mich. - ilumisys, Inc., developer and producer of next-generation solid-state lighting technology, announced today that it has granted a license for light-emitting diode (LED) fluorescent tube replacements to Lumenor Energy Services, a lighting retrofit company based in South Florida. "This partnership will allow us to expand our portfolio of LED retrofit products and continue to provide our customers the best options in the industry," said David Matten, managing partner for Lumenor Energy Services. "Our mutual commitment to retrofitting existing infrastructure to be more energy efficient through the use of quality LED products will enable Lumenor and ilumisys to be at the center of the rapidly growing LED industry."Lumenor Energy Services (LES) focuses primarily on lighting upgrades through LED retrofits. The lighting solutions it provides increase efficiency and delivers financial savings to commercial, residential, hospitality, healthcare, industrial and retail facilities.Since the price and performance of LED fluorescent tube replacement products vary, the ilumisys licensing program allows Lumenor to provide a larger range of retrofit products to the market. The licensing agreement provides for royalty payments in exchange for rights to manufacture and sell products covered by the patent portfolio of ilumisys' parent company, Altair Engineering.By providing licensees access to its expanding patent portfolio, ilumisys believes that the pace of both LED product development and installation will continue to accelerate."The LED marketplace is positioned for tremendous growth, and our goal with the licensee program is to support the industry by helping credible companies, like Lumenor, offer a wide-range of LED products," said Dave Simon, president of ilumisys. "ilumisys is strongly focusing on manufacturing and expansion efforts to ensure it will be able to meet the needs of the industry in partnership with a number of companies."ilumisys, formed in 2007, is a spinoff of Altair, a global software and technology company that has a growing presence in the energy market. With the backing of Altair, its majority owner, ilumisys has a deep and substantial investment in research and development that includes more than 30 patent applications filed to date.About Lumenor Energy ServicesLumenor Energy Services (LES) is a South Florida based qualified LED lighting retrofit company. All of its work is performed by qualified licensed professionals without interruption of normal work activities. More information about LUMENOR is available at http://www.lumenorenergy.com or by calling 877-374-LEDS.About ilumisysilumisys, Inc. is a Troy, Mich.-based company focused 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 light-emitting diode (LED) lamps and direct replacement of incandescent lamps. For more information, please visit www.ilumisys.com.About AltairAltair empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of information. Privately held, with more than 1,400 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a 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.
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