New Customers, Technology Innovations, Additional Funding All Add to Company’s Strengths And Ability to Seize Market Opportunities

LIVERMORE, CALIF., December 20, 2011 – Bridgelux, a leading developer and manufacturer of LED lighting technologies and solutions, reported today that market conditions and its recent achievements ideally position it for additional growth and leadership in 2012. The company’s revenue grew an extraordinary 792% from FY 2006 to 2010, and Bridgelux expects to see an additional 100% year over year growth by the end of 2011.  During the past year, the company raised $76M in additional funding, added several noteworthy customers, introduced innovative products and technology and received numerous industry awards.

The LED luminaire market is poised for dramatic expansion, with analysts predicting growth of 40% (CAGR) through 2015.[1] Recognizing its potential, prominent financial and strategic investors cast their vote of confidence in the market overall, and Bridgelux in particular by investing a total of $76M in the company this past year.

“We’re seeing significant increases in adoption and demand for LED lighting in many sectors and regions. In fact, we’ve experienced a 300% unit volume growth in LED array sales in the past year alone, dramatically increasing our market share while also delivering well over 100M high power LED chips to enable new and innovative product designs,” said Bill Watkins, Bridgelux’s Chief Executive Officer. “Going forward, Bridgelux is extremely well positioned to meet rising demand: we’re well funded, have some of the industry’s most innovative technologies and product designs, and have established strong strategic partnerships.”

Bridgelux Growth in the Regions, Retail and Hospitality Sectors

Retail and hospitality are among the most promising near term sectors for the LED lighting market, with growth (CAGR) from 2010 to 2015 predicted to be 59% for retail and 54% for hospitality[2]. Geographically speaking, Europe in particular has great market potential, with analysts predicting 101% (CAGR) growth from 2009 to 2015[3].

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[1]IMSresearch, The World Market for Lamps & Luminaires in General & Exterior Lighting, July 8^th, 2011

[2]IMSresearch, The World Market for Lamps & Luminaires in General & Exterior Lighting, July 8^th, 2011

[3]IMSresearch, The World Market for Lamps & Luminaires in General & Exterior Lighting, July 8^th, 2011

Bridgelux recently expanded its customer base in all of these sectors, adding to both its hospitality and retail customer base with installations at The Sheraton Hotel at D-Cube City in Seoul, Intersport Austria inKlagenfurt, the Dior fragrance booth at the “Galeries Lafayette” in Paris, Coop Adriatica stores in Italy, and over 40 Manor department store locations throughout Europe with several more installations scheduled for the first quarter of 2012.

Technology Breakthrough, Awards

A large part of Bridgelux’s success can be attributed to its technology innovations. In August of this year, the company extended its lead in the performance and manufacturability of GaN LEDs on silicon substrate when it shattered its previous industry record for highest Lumen per Watt values for Gallium Nitride on Silicon (GaN-on-Si).

Bridgelux’s technology innovationshave all been recognized by prestigious industry organizations, as has its market potential and impact, strong management and growth. This past year alone, the company was named to the Global Cleantech 100 and the Forbe’s list of America’s Most Promising Companies; was ranked number 135 on Deloittte’s 2011 Technology Fast 500 list; and was chosen by AlwaysOn as one of the GoingGreen Global 200 winners.

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.  With more than 550 patent applications filed or granted worldwide, 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 RAISES AN ADDITIONAL $15 MILLION OF FINANCING TO FURTHER ACCELERATE GaN-ON-SILICON DEVELOPMENT

Livermore, Calif., October 24, 2011 – Bridgelux Inc., a leading developer and manufacturer of LED lighting technologies and solutions, today announced that it has closed an additional $15 million in financing raised specifically to further accelerate research, development, and scaling of the company’s leading position in GaN-on-Silicon LED chip technologies, targeted for commercialization in 2013.

The financing round, which was oversubscribed, was quickly filled out by existing financial and strategic investors in response to company reports indicating additional capital could further accelerate Bridgelux’sGaN-on-Silicon program. Included in the round areVantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, IFA, Chrysalix, Harris & Harris Group, Craton Equity Partners, Jebsen Asset Management, and Passport Capital among others.

“By continuing to drive down the cost of solid state solutions for general lighting, Bridgelux is helping to expand the market for these solutions, which we expect to grow from $3 billion in 2011 to more than $25 billion in 2015, generating strong growth for our company and our investors,” said Bill Watkins, Bridgelux’s Chief Executive Officer. “We are very pleased with the progress of our GaN-on-Silicon program. This additional capital will further accelerate our breakthrough development efforts in producing commercial grade LEDs on silicon while we continue to deliver the industry’s leading GaN-on-Sapphire array solutions.”

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.With more than 500 patent applications filed or granted worldwide, 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.

NEW BRIDGELUX MICRO SM4 LED COMPONENT TO ADDRESS THE $1 BILLION 20-40 WATT REPLACEMENT LAMP MARKET

Livermore, Calif., October 18, 2011 – Bridgelux Inc., a leading developer and manufacturer of LED lighting technologies and solutions, today announced an expansion of its broad portfolio of solid-state light sources to address the requirements of the $1 billion 20-40W lamp replacement market with the introduction of the Bridgelux Micro SM4.  Leveraging Bridgelux’s award-winning array technology into a surface mountable LED component, the Micro SM4 delivers high flux density in a smaller footprint, making it ideal for applications where discrete LEDs are preferred.

The Bridgelux Micro SM4 dramatically reduces the component count, cost, complexity and size of the lighting system, enabling a cost-effective, high performance LED solution for diffuse and directional lighting, such as 20-40 watt incandescent, 20-35 watt halogen, B10-style (candelabra), and low wattage compact fluorescent lamp replacements.

Using only 4.6 watts of power, the Bridgelux Micro SM4 will deliver between 330 and 520 lumens in both warm white (2700K and 3000K) and cool white (5600K) color temperatures. Minimum 80 and 90 CRI options, with 3-step MacAdams Elipse color selections, will be offered for warm white products.  Production shipments of the Micro SM4 will be available in the first quarter of 2012.

“The Bridgelux Micro SM4 delivers comparable efficacy and performance to some of our smaller form factor arrays in the size of a miniaturized discrete component,” said Jason Posselt, vice president of marketing at Bridgelux. “The ability to use high volume surface mount assembly methods will open up new design integration options and help our customers to improve both cost-to-market and time-to-market.”

The new Micro SM4 features the latest technical advancements in epitaxial GaN layer growth, LED chip design and packaging technologies.  These products are configured to align with industry standard drive currents to simplify the electronic driver selection process for new lamp and luminaire product development, and are offered in both 6V and 12V design configurations to enable driver design flexibility.  As with all Bridgelux light sources, the Micro SM4 is offered with a five year warranty.

To see the latest products from Bridgelux, visit the company’s booth 1B-D22 at the Hong Kong International Lighting Fair, October 27-30.

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.  With more than 550 patent applications filed or granted worldwide, 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 DECOR ULTRA-HIGH COLOR RENDERING LED ARRAYS FURTHER EXTEND INDUSTRY LEADERSHIP IN RETAIL AND HOSPITALITY LIGHTING

Livermore, Calif., October 11, 2011 – Bridgelux Inc., bringing innovation to light by delivering high power, energy-efficient and cost effective LED solutions, today launched its Decor line of ultra-high color rendering index (CRI) LED arrays. Leveraging Bridgelux’s industry-leading ES and award-winning RS array technology to deliver the market’s brightest solid state light sources, Decor is optimized for demanding applications such as retail, hospitality, museums and high-end architectural lighting.

With a CRI of 97 and a 3-step MacAdams Elipse color control option, the Decor arrays enable lighting designers to truly render a full palette of colors over a wide range of light levels to create stunning and sophisticated lighting effects.  Delivering 1200 to 2500 lumens, these new arrays have been spectrally engineered to closely replicate the light quality of halogen and incandescent light sources.  These arrays deliver R9 and R15 values of 98, to both enhance reds and represent skin tones accurately, ensuring clean and natural lighting.  The Decor series expands lighting options available to the lighting designer, complimenting the standard minimum 80 and minimum 90 CRI products already available from Bridgelux.

“The new Decor arrays take us to the next level, enabling very high-end lighting design,” said Giorgio Martini, vice president at Martini.  “Developed in collaboration with Martini Lighting R&D, these new arrays have allowed us to rethink lighting and luminaire design in fresh and innovative ways.  We can design precision lighting effects and striking contrast ratios enhancing the presentation of retail merchandise.  The Decor arrays now permit us to deliver the highest quality light, brilliantly rendering colors and textures.  These are the elements that allow us to present our shops and restaurants in living color.”

The Decor arrays deliver light output equivalent to a 75 – 150 watt halogen bulb, while using only 25 – 50 watts of power. Further, the Decor arrays feature the same form factor as previous Bridgelux Array product generations, allowing for a simple upgrade path for existing customers while minimizing design efforts.

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.  With more than 500 patent applications filed or granted worldwide, 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 ANNOUNCES NEW BREAKTHROUGH IN GaN-ON-SILICON TECHNOLOGY FOR SOLID-STATE LIGHTING

Company Continues To Lead The Industry In Developing Commercial Grade Performance For Silicon-Based LEDs

Livermore, Calif., August 9, 2011 – Bridgelux Inc., a leading developer and manufacturer of LED lighting technologies and solutions, has shattered its previous industry record for highest Lumen per Watt values for Gallium Nitride on Silicon (GaN-on-Si). Using its proprietary buffer layer technology, the company has demonstrated growth of crack-free GaN layers on 8-inch silicon wafers, without bowing at room temperature, extending the company’s lead in driving the performance and manufacturability of GaN LEDs on silicon substrate.

Bridgelux is demonstrating LED performance levels comparable to today’s state-of-the-art sapphire-based LEDs. Cool white LEDs showed efficiencies as high as 160 Lm/W at a CCT of 4350K. Warm white LEDs constructed from the GaN on Si chips delivered 125 Lm/W at a color temperature of 2940K and CRI of 80.

Conventional LEDs are made using sapphire or silicon carbide substrates as the starting material. Both are more expensive than silicon. As a result, production costs have inhibited the widespread adoption of LED lighting in homes and commercial buildings. But growing GaN on larger, low-cost silicon wafers that are compatible with modern semiconductor manufacturing can deliver a 75% improvement in cost over current approaches. Bridgelux’s technology process has the potential to significantly drive down the cost of manufacturing LEDs and make them competitive to conventional white lighting technology.

“The performance levels that we announced today are the highest Lm/W values yet published for GaN-on-Si and rival the best commercial LEDs grown on sapphire or silicon carbide (SiC),” stated Dr. Steve Lester, Bridgelux chief technology officer.  “These achievements are a direct result of our investment in building a world-class team of Bridgelux materials scientists and chip design engineers with a strong focus on driving industry-leading epitaxial process technology. We are very pleased with the pace of our progress in this area, and we will continue to aggressively develop our GaN-on-Si processes in order to drive the migration of LED commercial production from sapphire to silicon substrates. Our first commercially available GaN-on-Si products remain on schedule for delivery to the market within the next two years.”

The thermal expansion coefficient of GaN is considerably larger than that of silicon.  This mismatch can cause the epitaxial films to crack, or the wafers to bow, either during epitaxial growth or at room temperature.  Bridgelux’s proprietary buffer layer process produces crack-free wafers that are virtually flat at room temperature.

Encapsulated 1.5mm blue LEDs emit 591mW with wall plug efficiencies as high as 59% at 350mA, exceeding any published values.  The LEDs have very low forward voltages, 2.85V at 350mA, making them ideal for use at high current densities.  At a drive current of 1 amp the LEDs emitted 1.52 Watts of blue power at a forward voltage of 3.21V, resulting in a wall plug efficiency of 47%.  Wavelength uniformity of sigma 6.8nm has been demonstrated for 8-inch LED wafers with median wavelength of 455nm.

“This new technological breakthrough is a direct result of Bridgelux’s continued investment in Research and Development combined with a singular focus on the needs of the solid state lighting market,” said Bill Watkins, Bridgelux CEO. “This key innovation is a game-changer for the industry, delivering dramatic reductions in the up-front capital investment required for solid state lighting and thereby significantly increasing the rate of market adoption. Bridgelux, which maintains an asset-light operating model, is uniquely well-positioned to benefit from the transition to silicon substrates. Leveraging our R&D and Intellectual Property position in LED epitaxy will allow the Company to pursue partnerships with existing semiconductor manufacturers. Leveraging existing semiconductor fabs via partnerships with established semiconductor manufacturers has the potential to favorably impact production costs, margins and returns on invested capital.”

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.  With more than 500 patent applications filed or granted worldwide, 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