left shadow main shadow main shadow
main shadow
Ld logo
Professional Ligting top_banner
Home top navigation Jobs/Events/News top navigation Catalogs top navigation Manufacturers top navigation Lighting Products top navigation Newsletter Sign-Up top navigation Apps_Blogs top navigation Lighting Feeds
Subpage Top Grad
Indoor Lighting
Left Navigation
Outdoor Lighting
Left Navigation
Green Lighting
Left Navigation
Ballast/Transformers
Left Navigation
Controls
Left Navigation
Lamps/LED
Left Navigation
Emergency/Exit
Left Navigation
Site Sponsors
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Industry News
Nexxus Lighting to Acquire Lumificient
January 10, 2008

Nexxus Lighting, Inc. a world leader in advanced lighting technology, including solid-state LED and fiber optic lighting systems and controls used in commercial, architectural, signage, swimming pool and retail lighting today announced that it has signed a non-binding letter of intent to acquire Lumificient Corporation, a Maple Grove, MN, manufacturer of solid-state LED products for the sign lighting, commercial/architectural and retail markets. The transaction is expected to close on or before April 30, 2008, subject to satisfactory completion of a due diligence review, approval of Nexxus board of directors and other customary closing conditions.

Lumificient and its founder Zdenko Grajcar bring a whole new level of intellectual property, research and development capabilities and cutting edge technology to Nexxus Lighting," stated Mike Bauer, President & CEO of Nexxus Lighting. Zdenko is one of the most respected and knowledgeable minds working in solid-state lighting. He and his team have developed some very exciting new technology that Nexxus plans to commercialize in 2008, which is expected to provide both new products and potential licensing revenue streams. Mr. Grajcar will serve as Chief Technology Officer for Nexxus Lighting and oversee our R&D team. Under Mr. Grajcar's R&D leadership, we plan to accelerate product introductions, and expect to see new and exciting technologies emerge from our efforts. Lumificient has two issued patents, six patent applications filed and pending, and additional patent applications in development, continued Mr. Bauer. In keeping with our strategy, Lumificient is expected to operate as a Nexxus Lighting company, and Carey Burkett, is expected to continue in his role as General Manager for the business, with a focus on growth in both sign lighting and general illumination.

All of us at Lumificient Corporation are excited about the potential for combining the core strengths of both businesses," stated Zdenko Grajcar, founder and President of Lumificient. "We believe that our strengths in technology and Nexxus Lightings business model will create an excellent strategic fit. I am personally excited about the opportunities before us to expand solid-state lighting technology and help redefine the way lighting systems are designed.

Both parties have agreed that no other details of the proposed transaction will be disclosed at this time.

For more information, please visit the Nexxus Lighting, Inc. web site at www.nexxuslighting.com.

Trans
Banners
Banners
Trans
Trans
Main Shadow Right
Main Shadow Left
Indoor Lighting  |   Outdoor Lighting  |   Green Lighting  |   Ballast/Transformers  |   Controls  |   Lamps/LED  |   Emergency/Exit  |   Manufacturers  |   Lighting Products  |   Events  |   Jobs  |   Industry News  |   New Catalogs  |   Site Map  |   Advertising Information
LIGHTDIRECTORY - LightDirectory.com, P.O. Box 795, Oswego, IL 60543.
Trans
Main Shadow Right