Acquisition of lighting science so that product lines, technology, talent are profitable

The lighting industry leader in the solid-state lighting industry announced the acquisition of all of Lamina's assets. At the same time, also received a $20 million credit line from the Bank of Montreal, of which 4 million 500 thousand of the cash will be used to buy Lamina. Under the acquisition agreement, lighting science group in accordance with the profitability of the payment plan may also be in the 2010 quarter of second to pay up to $10 million 500 thousand Lamina. Future profitability payment plan will be adjusted according to Lamina's 2009 sales of 85%. Lamina announced a profit of $2 million 100 thousand in the first 6 months of 2008. Lighting science group claims to have acquired Lamina inventory, accounts receivable, property and equipment and intellectual property rights, but also bear the payment and other accrued liabilities.

The chairman and CEO of Lighting Science Group, the acquisition of Lamina will consolidate the company's future product portfolio, it enables companies to build up a global supply chain product integration platform. Lighting Science Group and Lamina's joint offer for the complementary platform and market segmentation provides a huge opportunity, but also provides an opportunity for international sales across the region. Acquisitions strengthen the relationship between now and OEM, so that lighting science can use a wide range of technical knowledge to expand the scope of the company's optical engine and module products.

He also said that the lighting Science Group acquired Lamina through a number of technical and strategic advantages. The company wants to have the production of high power, high brightness integrated optical path, which is no longer subject to the constraints of LED packaging manufacturers, and the acquisition of Lamina from the core technology is the Lamina thermal management system.

At the same time, he pointed out that quality, employee skills and professional knowledge of employees is another wealth of the acquisition. He said the company had a healthy and stable supply chain".

Source: China Semiconductor Lighting Network