LED maker Lamina purchased by Lighting Science Group

sarafan — Wed, 30 Jul 2008 07:31:19 +0000

Recently, Lamina Lighting, a seven-year-old LED lighting company, said that it is selling its assets to Lighting Science Group Corporation (LSG), which makes customized LED lighting fixtures.

It's reported that Lighting Science Group is paying $4.5 million in cash for Lamina's assets, but the total could go up another $10.5 million based on Lamina's sales in 2009. LSG will take out a $20 million line of credit to finance the deal. Lamina itself has raised at least $16 million, including a round in 2005 and one last year. It had revenue of $2.1 million for the first six months of this year. So it appears that the company didn't sell itself from a position of strength.

LEDs consume less electricity than compact fluorescent and incandescent bulbs and can be tuned to a wide range of colors and shapes. They are still more expensive than other bulbs, however, so they are largely used in commercial installations.

Acuity inks LED pact with Lighting Science Group

Emma — Mon, 12 May 2008 03:36:53 +0000

Acuity Brands Lighting Inc. has forged a relationship with Dallas-based Lighting Science Group Corp. (OTC BB: LSCG) to develop and sell multiple light emitting diode (LED) lighting products.

The products will be added to the Acuity Brands Inc. (NYSE: AYI) unit's portfolio, which includes Lithonia Lighting, Holophane, Hydrel and Gotham. The products will be for architectural, commercial, industrial, and public infrastructure use.

"This alliance with Lighting Science Group allows Acuity Brands Lighting to enhance its existing LED portfolio using advanced technology," said Vernon J. Nagel, chairman, president, and CEO of Atlanta-based Acuity Brands. "We continue to seek out strong alliances to accelerate our ability to integrate advanced technologies, such as LED, into leading edge fixture design to serve specific customer needs. LSG's patented technology, experienced management team, and expertise in thermal management, driver design, and color control will give us a broader product offering for the growing LED market."

Acuity said LED light sources can sometimes surpass traditional technology in energy efficiency, fixture life, and environmental impact. LEDs consume up to 80 percent less energy than traditional incandescent sources and as much as 50 percent less energy than compact fluorescent lamps.