News Article
Luminus Devices and Lightera Corporation complete merger
The integrated company will accelerate III-nitride LED technology development and market expansion
Luminus Devices, Inc a manufacturer of Big Chip LEDs, and Lightera, a US - based developer of LED components, have completed all merger activities previously announced on June 11th, 2013.
Luminus is now a subsidiary of Lightera, and will continue to operate under the name Luminus Devices.
The merged entity will utilise combined resources to accelerate the commercialisation of new solutions and expand market opportunities in core markets including display, entertainment and medical lighting.
Expected synergies and corporate R&D expertise will increase emphasis on advanced LED technology development for both general lighting and specialty lighting markets.
“We are pleased to announce that the merger has been completed, and we are now one entity,” says Decai Sun, Chairman and CEO of the combined company. “With solid financial backing, increased R&D resources, and access to the technology innovation in Silicon Valley, we are in a position to more aggressively commercialise our existing portfolio while inventing new LED technologies in order to remain the leader in our core markets and enter new markets with a compelling value proposition.”
Luminus Devices will continue to operate out of its Billerica, Massachusetts headquarters and will gain access to Lightera’s advanced R&D operation in Sunnyvale, California.
