Bridgelux Financial Health Statement: A Report from the CEO

Dear Valued Partner and/or Customer,

I’m very pleased to provide you with an update of Bridgelux’s industry-leading recent achievements.

Bridgelux has demonstrated clear leadership and market acceptance of its high performing and cost effective solid state lighting solutions. This quarter we introduced our V10 and V15 products into the V Series family, offering high quality light and tight beam control suited for both the commercial and residential lighting market segments. We are also now shipping samples of our much anticipated OLM solution, a unique modular approach for ready integration of an LED subsystem into outdoor fixtures, and expect general availability in Q4 ‘14.

Reflective of our success, Bridgelux is proud to announce record first half revenues and is on-track to exceed $100m in revenue for 2014. In the first half of 2014, Bridgelux also experienced 104% unit growth year over year for sales of package products and 36% for sales of die products.

Bridgelux is building and accelerating on this success by substantially increasing investments in next generation products and technologies. Additionally, the Company continues to increase investments in R&D and applications engineering, particularly in support of our strong customer base in Asia. Currently we carry no outstanding debt and have a substantial unutilized credit facility. Bridgelux ended the second quarter with $45 million in cash.

As a team of more than 150 employees worldwide, Bridgelux is committed to providing industry leading products and services that allow you to quickly deploy the most competitive LED luminaires. Our leadership in innovation, protected by an extensive IP portfolio, is stronger than ever and we look forward to continuing to provide the technology and expertise you’ve come to rely upon to help grow your business.

If you have any questions, please do reach out to your Bridgelux Sales Representative or pr@bridgelux.com.

Brad Bullington
CEO, Bridgelux