Luminus Focuses on Expanding LEDs Globally

Luminus Devices Inc., developer and manufacturer of high-light-output Big Chip LEDs, announces that it has signed a merger agreement with Lightera Corp., a U.S.-based developer of LED components.

Lightera is a wholly owned U.S. affiliate of Sanan Optoelectronics Ltd., located in Xiamen, China.

Luminus will operate as 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 Center. This now provides Luminus access to added global R&D operations in the U.S. and a very large footprint for global expansion in specialty markets like projection display, medical, transportation, ultraviolet 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.”

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