Luminus Devices Signs a Merger Agreement with Lightera Corporation

Luminus Devices signed a merger agreement with LED components maker Lightera Corporation, a wholly owned U.S. affiliate of Sanan Optoelectronics, having broad experience in LED epitaxial materials, chip/package design, and lighting systems.

Luminus will operate as an independent business unit and subsidiary of Lightera. The business will operate with expanded capability, financial support, a global research and development (R&D) team. Luminus will continue to focus on specialty markets and applications for its current and expanding product as well as customer portfolios.

The merger agreement states that, Luminus gains access to an advanced R&D operation in California and Sanan’s Corporate R&D Technical Center. Both of them provide Luminus the opportunity for global expansion in specialty markets including projection display, medical market, transportation, ultraviolet, and general lighting markets and applications.

"Luminus has been searching for the right partner that would add to our intellectual property, expand our global operations as well as enhance our market-leading position in the worldwide specialty lighting market," said Keith T.S. Ward, president and CEO of Luminus Devices. “This relationship with Lightera and Sanan will allow us to expand our capabilities through new access to technical and financial resources well beyond our current position.”

"As a leader in the specialty lighting market, Luminus Devices provides us with proven, most advanced technology that will allow Lightera to expand both our U.S. and international offerings," said Decai Sun, chairman and CEO of Lightera. "We expect Luminus to continue to focus on specialty lighting markets, new technology and high-quality customer service."

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