Companies Enter Into Agreement for Sale of GaN-On-Silicon Technology/Chip related Assets to Toshiba, with Expanded Licensing and Manufacturing Collaboration

LIVERMORE, CALIF. and TOKYO, JAPAN, April 22, 2013 – Bridgelux Inc., a leading developer and manufacturer of LED lighting technologies and solutions, and Toshiba Corporation, a world-leading electronic manufacturer, today announced that they have entered into an agreement under which Bridgelux will sell to Toshiba its industry-leading GaN-on-Silicon technology and related assets, and the companies will strengthen and extend their strategic technology collaboration, through an expanded licensing and manufacturing relationship.

In January, 2012, Bridgelux and Toshiba entered into a Joint Development and Collaboration Agreement for the development of GaN-on-Silicon LED technologies. The success of that relationship was demonstrated by Toshiba’s announcements of the achievement of world class performance for 8” GaN-on-Silicon LED wafers and mass production of white LEDs. Both of these milestones were achieved using Bridgelux’s crystal growth and LED device technologies as well as Toshiba’s advanced silicon processes and manufacturing technologies.

The enhanced strategic relationship announced today provides for new business opportunity through the expanded collaboration for next generation LED chips and packages, or platforms, based on the jointly developed GaN-on-Silicon technology, as well as a manufacturing arrangement securing Bridgelux a source of supply for GaN-on-Silicon-based LED chips.

“Our agreement with Toshiba marks a tremendous milestone in our long history of working closely together, allowing Bridgelux to capitalize on our strong core LED technology platform, providing us with significant new capital for growth, and reducing our capital requirements,” said Brad Bullington, Chief Executive Officer of Bridgelux. “This agreement also allows us to focus on what we do best, and what we think the market needs most at this point in time: commercializing, productizing and bringing to market LED-based solid state lighting technologies alongside a proven global scale semiconductor manufacturing partner. We are one step closer to becoming the world’s leading solid state lighting technology architecture company.”

“We are so excited with this deal that gaining GaN-on-Silicon technology and related assets will contribute to drastically strengthening our LED business, and bring us a high performance and competitive product line-up. We fully expect our new Livermore team to play a leading role within Toshiba in the development and rapid market penetration of GaN-on-Silicon LED chips.” said Makoto Hideshima, Executive Vice President of Semiconductor and Storage Products Company, Corporate Vice President of Toshiba. “Entering a new phase of our relationship with Bridgelux, we will be able to accelerate the scaled manufacturing of 8” GaN-on-Silicon LED wafers, which will position both companies for strong growth in our respective LED businesses. The GaN-on-Silicon technology that we acquire will also bring us a breakthrough for Power Devices development and production. ”

The GaN-on-Silicon assets included in the sale, and the related Bridgelux employees, will remain onsite at Bridgelux’s headquarters in Livermore after the transaction closes to assure continued technical and business collaboration between the companies.

About Bridgelux
Bridgelux is a leading manufacturer of lighting technologies and solutions, transforming the $40 billion global lighting industry into a $100 billion market opportunity. Based in Livermore, California, Bridgelux has been a pioneer in solid state lighting (SSL) for the past decade, driving its LED materials technology development with the goal of delivering the most cost effective and highest quality lighting solutions. For more information on Bridgelux, please visit: www.bridgelux.com.

Contact:
Julie Still
Corporate Communications and Government Affairs
Phone: 925.583.8650
E-mail: juliestill@Bridgelux.com

About Toshiba
Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation and imagination to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances.

Toshiba was founded in 1875, and today operates a global network of more than 550 consolidated companies, with 202,000 employees worldwide and annual sales surpassing 6.1 trillion yen (US$74 billion). Visit Toshiba’s web site at www.toshiba.co.jp/index.htm

Contact:
Atsushi Ido, Toru Ohara
Corporate Communication Office
Phone: +81.33457.2105
E-mail: atsushi.ido@toshiba.co.jp, tooru.oohara@toshiba.co.jp

Bridgelux and the Bridgelux stylized logo design are registered trademarks of Bridgelux, Inc. All other trademarks are the property of their respective owners.

LIVERMORE, CALIF., NOVEMBER 29, 2012 – Bridgelux Inc., bringing innovation to light by providing high power, energy-efficient and cost effective LED solutions, has been chosen by AlwaysOn as one of the GoingGreen Global 200 winners.  Bridgelux was selected by the AlwaysOn editorial team and industry experts worldwide for being one of the most promising private greentech companies on the planet.

The Top 200 list recognizes companies that are pioneers in developing the technologies of tomorrow.  2012 winners are pushing outside the confines of existing markets and mapping the path toward global sustainability. Companies were selected based on a set of five criteria: innovation, market potential, commercialization, stakeholder value and media buzz. The winning companies will be honored at the annual GoingGreen Venture Summit at the Golden Gate Club in San Francisco on November 27th and 28^th.

“We are honored to once again be included in the GoingGreen Global 200 list. This validates our passion and commitment to driving market adoption of energy efficient solid state lighting,” said Bill Watkins, Bridgelux chief executive officer. “Recognition from influencers and experts in the greentech industry encourages our focus on technology development and product innovation.”

“This year’s GoingGoing Global 200 displays a maturity in the green technology industry that makes it very attractive to both investors and innovators,” says Tony Perkins, founder and editor of AlwaysOn. “This year’s GoingGreen Global 200 winners are pushing the bounds of how technology can bring about change in the war on our planet’s waning resources. The strength of these companies lies in their ability to nurture innovative ideas and seen them through to successful, sustainable, and profitable businesses.”

A full list of all the AlwaysOn GoingGreen Global 200 winners can be found on the AlwaysOn website at:

http://www.aonetwork.com/AOStory/Announcing-2012-GoingGreen-Global-200-Top-Private-Companies

About Bridgelux

Bridgelux is a leading developer and manufacturer of technologies and solutions transforming the $40 billion global lighting industry into a $100 billion market opportunity. Based in Livermore, California, Bridgelux is a pioneer in solid state lighting (SSL), expanding the market for light emitting diode (LED) technologies by driving down the cost of LED lighting systems. Bridgelux’s patented light source technology replaces traditional technologies (such as incandescent, halogen, fluorescent and high intensity discharge lighting) with integrated, solid state lighting solutions that enable lamp and luminaire manufacturers to provide high performance and energy efficient white light for the rapidly growing interior and exterior lighting markets, including street lights, commercial lighting and consumer applications. Bridgelux is the only vertically integrated LED manufacturer and developer of solid state light sources that designs its solutions specifically for the lighting industry. For more information about the company, please visit www.bridgelux.com

Bridgelux and the Bridgelux stylized logo design are registered trademarks of Bridgelux, Inc. All other trademarks are the property of their respective owners.

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

Livermore, Calif., November 05, 2012 – Bridgelux Inc., a leading developer and manufacturer of LED lighting technologies and solutions, today announced that EBV Elektronik, an Avnet company, has become a distributor for Bridgelux products in Europe, the Middle East and Africa. With its broad sales network and established customer base, EBV will serve as an instrumental channel partner for the rapidly growing LED chip and packaged products business at Bridgelux.

The agreement gives EBV ready access to Bridgelux’s full line of LED chips as well as LED packaged products consisting of array and emitter products like the new Micro SM4.

“Bridgelux is bringing innovation to light by providing high power, energy-efficient and cost-effective LED solutions. Our customers will leverage Bridgelux’s technology to replace traditional lamp and luminaire technologies with solid state products for the fast growing interior and exterior application areas such as street lights, track and downlights”, said Slobodan Puljarevic, President and CEO of EBV Elektronik. “Also very important for EBV is the fact that Bridgelux’s products support global clean energy initiatives by reducing energy consumption and offering environmentally friendly solutions for general lighting applications. Their innovative product portfolio is a very welcome addition to our line card and will add significant value to EBV’s technology portfolio. In return, Bridgelux now has access to our sales organization across EMEA and will benefit from best commercial, technical and logistical services we offer to our customers,” Puljarevic concludes.

“Together, Bridgelux and EBV will benefit our customers by providing the infrastructure and resources required to help them bring to market the right products at the right time and at the right cost,” said Jim Miller, chief sales and marketing officer for Bridgelux. “EBV’s team of Illumineers (LED application engineers) will use their LightLab capabilities to assist our customers in their product design process from product definition through final design verification. With the availability of this tremendous technical resource, in combination with Bridgelux’s own applications support capabilities, Bridgelux and EBV customers will be supported by a very knowledgeable team. We believe this will help speed the design and delivery of innovative products to a global market that is demanding LED lighting.”

About Bridgelux

Bridgelux is a leading developer and manufacturer of technologies and solutions transforming the$40 billion global lighting industry into a $100 billion market opportunity. Based in Livermore, California, Bridgelux is a pioneer in solid state lighting (SSL), expanding the market for light emitting diode (LED) technologies by driving down the cost of LED lighting systems. Bridgelux’s patented light source technology replaces traditional technologies (such as incandescent, halogen, fluorescent and high intensity discharge lighting) with integrated, solid state lighting solutions that enable lamp and luminaire manufacturers to provide high performance and energy efficient white light for the rapidly growing interior and exterior lighting markets, including street lights, commercial lighting and consumer applications. Bridgelux is the only vertically integrated LED manufacturer and developer of solid state light sources that designs its solutions specifically for the lighting industry. For more information about the company, please visit www.bridgelux.com

Bridgelux and the Bridgelux stylized logo design are registered trademarks of Bridgelux, Inc. All other trademarks are the property of their respective owners.

About EBV Elektronik

EBV Elektronik, an Avnet (NYSE: AVT) company, was founded in 1969 and is the leading specialist in European semiconductor distribution. EBV maintains its successful strategy of personal commitment to customers and excellent services. 250 Technical Sales Specialists provide a strong focus on a selected group of long-term manufacturing partners. 120 continuously trained Application Specialists offer extensive application know-how and design expertise. Warehouse operations, complete logistics solutions and value-added services such as programming, taping & reeling and laser marking are fulfilled by Avnet Logistics, EBV’s logistical backbone and Europe’s largest service center. EBV operates from 60 offices in 28 countries throughout EMEA (Europe – Middle East – Africa). For more information about EBV Elektronik, please visit www.ebv.com.

LIVERMORE, CALIF., October 30, 2012 – Bridgelux, a leading developer and manufacturer of LED lighting technologies and solutions, announced today the appointment of Timothy Lester as chief financial officer (CFO).

“Tim has been an integral part of our team since he joined Bridgelux in 2010. He has more than demonstrated his ability to lead our company’s financial operations, and has become a valuable operational asset to our business,” said Bill Watkins, Bridgelux’s chief executive officer. “Tim’s strong background in finance, and experience in large, global lighting corporations, as well as small start-up companies, will continue to strengthen our management team.”

Tim Lester has more than 25 years’ experience in corporate finance. He joined Bridgelux in 2010 as vice president of finance to lead all the financial and accounting activities of the Company, and today also holds the position of vice president of operations. Prior to joining Bridgelux, Mr. Lester served as vice president of finance and corporate controller at the ASIC design house eSilicon. From 1999 to 2007, he was corporate controller and treasurer at the LED manufacturer, Lumileds Lighting. Mr. Lester has also held leadership positions with Cost Plus World Market and Philips Electronics. Additionally, Mr. Lester worked in mid-market commercial lending at Household Finance after beginning his career in public accounting at Coopers & Lybrand. He received his masters of management degree from the Kellogg Graduate School of Management at Northwestern University and his undergraduate degree in accounting from Marquette University. Mr. Lester is a CPA.

About Bridgelux
Bridgelux is a leading developer and manufacturer of technologies and solutions transforming the $40 billion global lighting industry into a $100 billion market opportunity. Based in Livermore, California, Bridgelux is a pioneer in solid state lighting (SSL), expanding the market for light emitting diode (LED) technologies by driving down the cost of LED lighting systems. Bridgelux’s patented light source technology replaces traditional technologies (such as incandescent, halogen, fluorescent and high intensity discharge lighting) with integrated, solid state lighting solutions that enable lamp and luminaire manufacturers to provide high performance and energy efficient white light for the rapidly growing interior and exterior lighting markets, including street lights, commercial lighting and consumer applications. Bridgelux is the only vertically integrated LED manufacturer and developer of solid state light sources that designs its solutions specifically for the lighting industry. For more information about the company, please visit www.bridgelux.com

Bridgelux and the Bridgelux stylized logo design are registered trademarks of Bridgelux, Inc. All other trademarks are the property of their respective owners.