LED Holdings and Lighting Science Group

Custom LED lighting solutions in the field of global leader LED Holdings, LLC and white LED technology solutions to leading developers and integrators of Lighting Science Group Corporation LED Holdings has announced that Lighting Science Group contributed to its total assets (including $15 million in cash), in exchange for a fully diluted equivalent to Lighting Science Group70% 80% shares and voting preference shares and ordinary shares. PegasusCapital Advisors, L.P. associated enterprise is the largest owner of LED Holdings, and thus gained approximately 42% of the Lighting Science Group fully diluted ordinary shares. With its ownership of the LED Holdings, Pegasus will be eligible to elect a majority of the board members of the Lighting Science Group.

LED Holdings, President and chief executive officer Govi Rao said: "we believe that this transaction will further strengthen our market position, and enhance our ability to develop and sell a set from the color to white light digital lighting solutions. The transaction can combine both manpower and technology as well as complementary advantages, this is a unique opportunity for us, through the provision of innovation to meet the world's major market areas to solve on the differential scheme of growing demand. "

The merged entity will retain the name of the Lighting Science Group and will continue to trade in the NASDAQ bulletin board in LSGP code. Mr. Rao will lead the management as ceo. Mr. Rao joined LED Holdings as chief executive officer in July 2007. Mr. Rao is the former vice president and general manager of PHILPS North America solid-state lighting business department, responsible for the development of sustainable technologies such as solid-state lighting, and has worked in PHILPS lighting (Philips Lighting) held several leadership positions (including professional lighting business departments and senior executive vice president of brand creation and business department). In addition, Mr. Rao or Fairleigh Dickens University Advisory Committee on sustainable development of enterprises, and a founding member of China US Center for sustainable development consultant.

About Lighting Science Group

Lighting Science Group, based on its proprietary optimized digital lighting technology design and sales of highly energy-efficient lighting solutions. The company's patents and patent pending design and production process makes efficient, energy saving, long life LED lighting system is rapidly developed in the existing lighting applications, and can produce immediate cost savings and environmental benefits. The products include light fixtures for parking and industrial facilities, with MR-16, R30, R25, R20, R16 (elevator lights), G11, G25, S6.

Source: China Semiconductor Lighting Network