Archive for the ‘Press Releases’ Category

KAISTAR LIGHTING INVESTS $25 MILLION IN BRIDGELUX

Monday, February 13th, 2012

Livermore, Calif., February 13, 2012 – Bridgelux Inc., a leading developer and manufacturer of LED lighting technologies and solutions, today announced that Kaistar Lighting (Xiamen) Co., Ltd.has agreed to invest$25 million in the company. Bridgelux will use the equity investmentto further accelerate research, development, and production of LED chip and packaging technology for general illumination applications.

“The market for solid state lighting is expected to grow from $3 billion in 2011 to more than $25 billion in 2015,” said Bill Watkins, Bridgelux’s Chief Executive Officer. “This investment marks the beginning of our cooperation with Kaistar to lead the transition to solid state lighting. Kaistar’s cost-competitive manufacturing capabilities combined with Bridgelux’s high performance packaging solutions will continue to drive down the cost of solid state technology for general lighting, helping to more rapidly expand the market for LED.”

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 600 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.

CITY OF TULSA INSTALLS HIGH QUALITY, ENERGY EFFICIENT LED STREET LIGHTING IN HISTORIC BRADY DISTICT

Friday, February 10th, 2012

Amerlux and Bridgelux Enable New Street Lighting Solutions

Livermore, Calif., February 8, 2012 –Tulsa, Oklahoma, known for most of the 20th Century as the Oil Capital of the World, is now leading the way with new energy efficient alternatives. Thanks to a highly successful collaboration between the City of Tulsa, U.S.-based luminaire manufacturer, Amerlux, and U.S.-based lightsource manufacturer, Bridgelux, modern, energy-efficient LED lighting are part of the restoration of Tulsa’s historic Brady district.  About 200 Amerlux outdoor luminaires based on Bridgelux LED arrays are planned to illuminate the walkways around the new Driller Stadium and park. Sixty-four were installed in 2011 with the remaining street lights slated for installation this year. The new LED lighting is anticipated, in the long, run to save the City of Tulsa thousands of dollars in reduced energy and maintenance costs, compared to the conventional High Intensity Discharge (HID) streetlights used in other areas of the city.

“The collaboration between the City and its lighting manufacturer and supplier delivered a flexible, energy- and cost-efficient solution that significantly improved the quality and longevity of Tulsa’s outdoor lighting,” said Paul Strizek, planning and contracts manager for the City of Tulsa. “Together we delivered on the City’s commitment to reduce our energy use, increase sustainability and offer our citizens a better quality of light.”

Featuring industry-leading Bridgelux ES LED arrays, the Amerlux D142 and D154 Series decorative downlight allows for a variety of optical configurations, enabling the systems to be optimized for a customer’s unique needs such as application requirements and light output. This helps to ensure that light levels and light quality meet the application requirements for a particular environment. Moreover, the Amerlux D142 and D154 downlights deliver large lumen packages of up to 7600 and 5000 lumens respectively, making it an ideal replacement for HID luminaires.

LED street lighting is an optimal solution for municipalities across the country, delivering immediate savings from lower energy costs and reduced maintenance costs. Further, high quality LED lighting increases the visibility and visual attraction of storefronts, restaurants and other hospitality and commercial environments, as demonstrated in the white paper published by LED Roadway Lighting1.

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 600 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

About Amerlux LLC

Amerlux speaks the language of light for design and construction professionals around the world by manufacturing a broad array of optically superior, energy efficient lighting solutions for the retail, supermarket, hospitality, commercial and outdoor lighting markets. Amerlux products and services include track lighting, recessed downlighting and multiples, pendants, linear fluorescents, and custom lighting systems, as well as support for energy reduction plans that can be used as a guide to state, city and local utility rebate programs for maximum energy savings and utility incentives. The company’s domestic and international clients receive the support of Amerlux’s highly trained specification sales force, as well as expert service from initial design to on-time delivery made possible by strategically located manufacturing, warehousing and shipping locations.

BRIDGELUX POISED FOR RAPID GROWTH AND INCREASED LEADERSHIP IN LED LIGHTING MARKET

Wednesday, January 4th, 2012

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].


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

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

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

Monday, October 24th, 2011

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

Monday, October 17th, 2011

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