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Luminus Devices To Merge With Lightera

This acquisition will enable Luminus to have access to an advanced R&D operation in California as well as the overall technical strength of Sanan’s Corporate R&D Technical Centre
Luminus Devices Inc., the developer and manufacturer of high light output Big Chip LEDs, has signed a merger agreement with Lightera Corporation, a U.S.-based developer of LED components.

Lightera is a wholly owned U.S. affiliate of Sanan Optoelectronics, Ltd., located in Xiamen, China. The company will become an independent business unit and subsidiary of Lightera.

The business will operate with added and expanded capability, financial backing and access to a world-leading operating company, all coupled with a global R&D team focused on enabling the lighting world with LED technology. Luminus will continue to focus on specialty markets and applications for its current and expanding product as well as customer portfolios.

Luminus gains access to an advanced R&D operation in California as well as the overall technical strength of Sanan’s Corporate R&D Technical Centre. This now provides Luminus access to added global R&D operations in the US and a very large footprint for global expansion in specialty markets like projection display, medical, transportation, ultra-violet and general lighting markets and applications.

“Luminus has been searching for the right partner that would add to our extensive intellectual property, allow for expansion of our global operations and would be additive to our market-leading position in many segments of the worldwide specialty lighting market," says 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, state-of-the-art technology that will allow Lightera to expand both our U.S. and international offerings," said Dr. Decai Sun, Chairman and CEO of Lightera. “We expect Luminus to continue to focus on new technology, specialty lighting markets, applications and superior customer service."

Luminus Devices is a developer and manufacturer of LED technologies and solutions for general lighting, projection display, entertainment, ultraviolet curing, life sciences, medical, portable, transportation and digital signage lighting applications.

Lightera his composed of a technical team with a broad experiences in LED epitaxial materials, chip/package design, and lighting systems. The company also works closely with its cost-effective manufacturing partners to turn innovative ideas into lighting products.

San'an Optoelectronics Co., Ltd., a publicly traded company, engages in the research and development, production, and marketing of LED epitaxial products and chips. The company offers LED chips, compound solar cells, solar products, and sapphire substrates.

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