Nexxus lighting acquisition solid-state LED lighting manufacturer Lumificient

It is reported that, Nexxus lighting company has ended before the announcement of the acquisition of solid-state LED lighting manufacturer Lumificient Corporation. The company recently acquired as a wholly owned subsidiary of NexxusLighting, and in the next launch of its production facilities in Maple, Minnesota Grove.

According to the stock purchase agreement provisions, Lumificient's shareholders receive cash compensation of $1 million 100 thousand, Nexxus lighting 4 million 755 thousand shares of ordinary shares, based on the future profitability of the payment plan can also get additional shares. Lumificient's 2007 annual revenue of approximately 2 million 200 thousand in the first quarter of 2008 revenue of nearly $933 thousand.

Nexxus said that in addition to the current Lumificient service advertising lighting and commercial lighting market, the growth rate of solid state LED lighting products, Lumificient team also brought a strong R & D capability Nexxus. We believe that the strength of Lumificient's intellectual property and its potential to build our IP with strong R & D capabilities. Nexxus lighting will bring new products to the market faster. Zdenko Grajcar will become the technical director of Nexxus lighting. We look forward to Zdenko and its team at the May 28th Las Vegas ~30 lighting Expo launched several new technology applications patent applications. Carey Burkett will continue to be the president of Lumificient, managing the daily operations of the division.

Lumificient said that through the merger of the two companies, we will create a highly specialized elite team. This new team is committed to technology and energy saving products, to provide customers with excellent service and offer. Our goal is to provide innovative lighting solutions through the provision of special lighting market LED. As a member of the Nexxus family, today is a new day for us. Nexxus lighting is a leader in the field of high-end lighting technology, including solid LED lighting, fiber optic lighting systems and management for commercial, construction, entertainment, signage, swimming pools and retail lighting.