Date Announced: 20 Oct 2011 Ilumisys has granted a license for LED fluorescent tube replacements to LED Optics. The agreement allows royalty payments to be exchanged for rights to manufacture and sell products from Ilumisys' parent company, Altair Engineering.Ilumisys believes allowing access to its patent portfolio will enable its product development and installation business to grow. The company has been awarded 7 patents, and has over 60 patents pending. Optics, primarily a manufacturer of replacement LED T8 tubes, also manufactures high-end LED bulbs used in commercial applications.+++Press Release+++Troy, Mich. – ilumisys, Inc. (http://www.ilumisys.com), 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 LED Optics, a high-end manufacturer of replacement LED T8 tubes that is based in Boca Raton, Fla.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.“The LED marketplace is rapidly expanding, and it is becoming increasingly important that as an industry we work to ensure quality products are entering the marketplace,” said Adam Green, founder and president of LED Optics. “Nothing is more important to us than the quality and performance of our products, and this partnership with ilumisys is allowing us to further expand the portfolio of exceptional LED retrofit products available to our customers.”In addition to manufacturing replacement LED T8 tubes, LED Optics also manufactures other high-end LED bulbs used in commercial applications.Solid-state lighting technology has the potential to cut U.S. lighting energy usage by one-quarter and contribute significantly to the nation’s climate change solution, according to the U.S. Department of Energy. 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 industry is growing at a rapid pace, and ilumisys is working with companies across the country to help ensure the products going into the market are credible,” said Dave Simon, president of ilumisys. “ilumisys is focusing its efforts on the company’s future manufacturing and expansion to ensure it will be able to meet the demands of the industry as it continues to grow.”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 seven patents awarded and over 60 patents pending. About LED OpticsLED Optics, based in Boca Raton, Fla., focuses on providing high-end LED solutions for hotels, casinos, condominiums, apartment complexes, schools, hospitals, commercial office buildings and other types of commercial applications. The company was formed in 2006. For more information, contact NEDCO Supply in Las Vegas at 702-367-0400 or visit www.ledoptics.com.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 Altair Altair Engineering, Inc. empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of business and engineering information. Privately held, with more than 1,500 employees, Altair has offices throughout North America, South America, Europe and Asia/Pacific. With a 26-year track record for high-end software and consulting services for engineering, computing and enterprise analytics, Altair consistently delivers a competitive advantage to customers in a broad range of industries. To learn more, please visit www.altair.com and www.altairhtc.com.
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Deana Goodrich Airfoil Public Relations P: (248) 304-1457 F: (248) 304-1401 C: (586) 850-8581
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Web Site:www.ilumisys.com
